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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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Sisi is trying to raise his political stock by announcing a  vast number of extraordinary, and just as unrealisable, mega-projects. (AFP)
July 8th, 2018 - 11:29 GMT

Sisi and the Mega Projects: Are They Enough to Raise Egypt's Economy?

Amending the Income Tax Law comes with one question for all: ‘does the tax law serve national growth and social justice?' (Shutterstock)
July 8th, 2018 - 11:21 GMT

Discussions in Jordan to Amend Income Tax Law


Tunisia’s inflation has been on the rise reaching the peak since 1990 which saw the central bank raising key interest rates last month by 100 basis points to 6.75 per cent. (Shutterstock)
July 8th, 2018 - 10:08 GMT

Tunisia Receives $250 Million From IMF

Oman’s diversification efforts and the planned completion of major infrastructure projects are indicators to a positive outlook. (Shutterstock)
July 8th, 2018 - 08:55 GMT

IMF: Non-Oil Economic Growth to Increase by Four per Cent in Oman

“The plan outlaid an aspirational target of OMR700 million for the value of GOEs transferred to private sector owners between 2017 and 2021." - ISFU annual report (Shutterstock)
July 8th, 2018 - 08:47 GMT

Privatization in Oman to Raise OMR700 Million by 2021

The value of imports reached Dh22.1 billion, while exports and re-exports amounted to Dh4.47 billion and Dh886 million respectively. (Dubai Media Office)
July 8th, 2018 - 08:35 GMT

Dubai Non-Oil Trade With South Korea Reaches More Than $7 Billion

Banks are not funding because they are a risky investment and there is a need to have a separate venture capital or guarantee scheme for them. (Shutterstock)
July 8th, 2018 - 08:21 GMT

Default Rate Declined Remarkably Among UAE SMEs

Naqvi, 57, is currently outside the UAE after the public prosecutor issued a warrant for his arrest. (AFP)
July 6th, 2018 - 06:00 GMT

Abraaj's Founder Nears Out-Of-Court Settlement

Prime Minister Omar Razzaz meets with the International Advisory Group in Amman on Thursday. (Jordan Times)
July 5th, 2018 - 12:25 GMT

Jordan Reviews Nuclear Programme Progress With International Advisory Group

A policeman checks the permits of residents in Saudi Arabia. (Arab News)
July 5th, 2018 - 10:41 GMT

Saudi Officials Warn Against Helping Illegal Workers

No orders issued for expulsion of Qataris in 2017, UAE Ministry affirms. (Shutterstock)
July 5th, 2018 - 08:01 GMT

Qataris With Prior Permission Can Re-Enter UAE

The new addition sees the total designated zones increasing to 23 across the UAE. (Shutterstock)
July 5th, 2018 - 06:00 GMT

FTA Announces New Three UAE Free Zones out of VAT Scope

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