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Economy and Policy

Economy and Policy latest

US Aircraft Carrier in the Arabian Sea
July 16th, 2026 - 06:46 GMT
P. Choiaqo

P. Choiaqo

Saudi Arabia to buy $2 billion worth of weapons from the US

ALBAWABA - The sale of an estimated $1.96 billion worth of weapons focused on air defenses to Saudi Arabia has been approved, according to the U.S. State Department. The weapons sought by the Kingdom of Saudi Arabia are around 20,000 Advanced Precision Kill Weapon Systems and its warheads which are described as "an inexpensive way to destroy targets while limiting collateral damage in close combat.” According to the U.S. Navy ...
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Hundreds chant “death to the dictator" at industrial complex. (AFP)
August 2nd, 2018 - 09:02 GMT

Demonstrations in Iran as Economy Deteriorates

Cryptech highlighted that it believes that the Blockchain 2021 strategy by government agency Smart Dubai will deliver a major boost to the economy. (Shutterstock)
August 1st, 2018 - 11:05 GMT

Cryptech: Blockchain Technologies to Transform Dubai Real Estate Industry

From August to October, the Treasury will repay 13.8 billion Turkish liras ($2.8 billion) of external debts, including 6 billion liras ($1.2 billion) interest payment. (Shutterstock)
August 1st, 2018 - 10:38 GMT

Turkey to Repay $7 Billion Debt in the Coming Three Months

Jordanian engineers will have a major role in the reconstruction of neighbouring Iraq. (Shutterstock)
August 1st, 2018 - 09:48 GMT

Jordanian Engineers to Reconstruct Iraq

This is the third such amnesty announced by the UAE government in just over a decade. (KhT/Twitter)
August 1st, 2018 - 07:14 GMT

Illegal Expats in UAE Start Availing Amnesty

To date, Naqvi denies wrongdoing, and remains outside the UAE after a warrant for his arrest had been issued. (AFP)
August 1st, 2018 - 06:20 GMT

Abraaj Founder Faces New Criminal Case Over Another Bounced Cheque

Funding in Saudi Arabia was able to keep pace in Q2 2018, showing strong signs of ecosystem growth in the Kingdom’s market according to The Badir report. (Shutterstock)
August 1st, 2018 - 06:08 GMT

Startups in Saudi Arabia Raise More than $3 Million Funding in Q2'18

The dollar was trading at about 112,000 rials on the black market compared to about 90,000 last week as Iranians braced for tough times ahead. (Shutterstock)
August 1st, 2018 - 05:55 GMT

Iran Faces Economic Disaster After Its Currency Plunges

The WB already extended $250 million to the Kingdom last week as the first part of the $500 million financing. (Shutterstock)
July 31st, 2018 - 10:03 GMT

World Bank to Disburse $250 Million to Jordan in August

Sisi mocked the viral Kiki challenge, which has swept social media. (Shutterstock)
July 31st, 2018 - 08:14 GMT

Sisi Blames Kiki Challenge for Egypt's Deteriorating Economy

Expo 2020 will give China an opportunity to demonstrate its institutional and technological innovation and showcase its history and culture. (Trade Arabia)
July 31st, 2018 - 08:04 GMT

Expo 2020 Signs Agreement to Strengthen Chinese Presence

The initiative reflects the efforts of the Knowledge Fund to support the development of the education sector and encourage investment in education. (Shutterstock)
July 31st, 2018 - 07:59 GMT

No Increase in Rental Value on Assets Leased to Schools in Dubai

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