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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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The Central Bank of Oman reported that in 2017, up to OMR3.7 billion was sent overseas by expatriates living in the country, a slight drop from the OMR3.95 billion the previous year. (Shutterstock)
July 4th, 2018 - 11:52 GMT

More Than OMR3 Billion Worth of Remittances Sent by Expats in Oman Last Year

The partnership with VFS Global is part of Dubai FDI’s efforts to ensure a smooth journey for investors and advance their business. (CPI Financial)
July 4th, 2018 - 10:26 GMT

DED Agreement Facilitates Foreign Investor Licensing in UAE

Egypt kicked off its three-year $12 billion loan programme in late 2016. (Shutterstock)
July 4th, 2018 - 10:19 GMT

IMF Suggests Egypt Maintain Tight Monetary Policy to Avoid Inflation

Thanks to the growth in technology adoption, nationwide digital transformation, Smart Cities, and Expo 2020 Dubai, BMI Research predicts the UAE’s IT market will reach AED 20 billion in 2018. (Shutterstock)
July 4th, 2018 - 09:43 GMT

Smart Cities, Expo 2020 Drive UAE’s 2018 IT Market to Dh20 Billion

Anyone found to be involved with the nine individuals will also suffer the same consequence. (SCA)
July 4th, 2018 - 09:25 GMT

UAE Freezes Bank Accounts of 9 Iranians

The non-oil private sector economy rose to 57.1 in June, up from 56.5 in May. (Pixabay)
July 4th, 2018 - 07:38 GMT

UAE Non-Oil Private Sector Economy Rises in June

According to the Article 118 of the Oman Labour Law, violators can be penalised with fines ranging from OMR100 to OMR500, or a jail term of not more than one month, or both. (Times of Oman)
July 3rd, 2018 - 12:04 GMT

More Than 200 Companies Violated Midday Break Rule in Oman

Jordan needs around JD5 billion annually in financing to cover debt and Eurobonds. (Shutterstock)
July 3rd, 2018 - 10:21 GMT

Jordanian Government to Meet IMF to Discuss Supervised Reform Plan Worth $700 Million

The European Investment Bank announced a package of support for Jordan at its conference that opened in Amman on Monday (Jordan Times)
July 3rd, 2018 - 10:04 GMT

15 Projects Worth €850 Million to Be Invested in Jordan by European Investment Bank

The Lebanese economy has struggled to retain the resilience that once helped it achieve buoyant growth. (Shutterstock)
July 2nd, 2018 - 10:38 GMT

Lebanon’s Economy Continues to Flounder in Spite of International Support

The process for funding such companies will involve monetary funds, which will have the authority to collect the necessary funding for these companies. (Shutterstock)
July 2nd, 2018 - 09:21 GMT

Ministry of Economy, SCA to Launch Platform for Funding SMEs in UAE

A flexible working arrangement could be working from home or office and flexible working hours. (Shutterstock)
July 2nd, 2018 - 09:06 GMT

Study: More Than 70 Percent of UAE Firms Keen to Offer Flexible Work Arrangements

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