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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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Bahrain is in the final stage of installing a 4G/LTE network in the country, and is already planning to have the system updated and operational to 5G by 2017 (Shutterstock)
December 11th, 2013 - 06:40 GMT

Faster than the speed of light...almost: Bahrain announces 5G network to be ready by 2017

Year-on-year, the sector’s debt to the domestic banking sector shrank by 19 per cent.
December 11th, 2013 - 03:55 GMT

Mashallah! Kuwait's credit hits 5-year high

Urban consumer inflation stood at 10.4 percent in October and at 4.25 percent in November 2012.
December 10th, 2013 - 04:39 GMT

Egypt's inflation rate hits highest levels since pre-Arab Spring year

Routes within or connected to China will be the single largest growth driver, accounting for 30 per cent of new passengers during the forecast period.
December 10th, 2013 - 02:52 GMT

Forecast: UAE to handle a passenger population equivelant to China's

Saudi Arabia is the largest shareholder of the 56-member Islamic Development Bank which provides members with funding for development projects (File Archive)
December 10th, 2013 - 06:55 GMT

Saudi sizes up Islamic Development Bank share, increases holding to $6.85 billion

In the Middle East, Julius Baer has offices in Abu Dhabi, Beirut, Cairo, Dubai, Istanbul and Manama (Courtesy of Bloomberg)
December 10th, 2013 - 06:36 GMT

Bye bye Merrill Lynch! Julius Baer moves in to Middle East wealth management hot seat

The PISA 2012 results showed 85 per cent of Dubai’s students reported that they are happy at their schools, above the global average of 80 per cent
December 10th, 2013 - 03:55 GMT

'Happy students'- not an oxymoron in the UAE and Jordan

The emirate of 2.2 million people, with its economy rebounding as local hospitality and property industries flourish, expects to attract 25 million visitors during the six-month show starting October 20, 2020
December 10th, 2013 - 03:55 GMT

Anything for the Expo 2020, Dubai splurges on going solar

“This transaction underscores the success of London Bridge Holdings in transforming a blighted, brown field site into a vibrant and vital global business centre,” the firm said in a statement.
December 9th, 2013 - 12:17 GMT

Kuwaiti real estate firm buys more of London

According to Yediot Aharonot newspaper, which first broke the story, the idea dates back to the 1994 signing of a peace treaty between Israel and Jordan.
December 9th, 2013 - 11:16 GMT

Who said peace is dead? In historic moment, Jordan, Palestine, and Israel come together to save the Dead Sea

Sony MEA will develop Al Jazeera's 3G broadcast infrastructure, including a network wide Broadcast IT project (Shutterstock)
December 9th, 2013 - 08:00 GMT

Sony's 3G project with Al Jazeera worth a whole lot more "Gs": historic deal signed for $143 million Monday

Riyadh Gov. Prince Khaled bin Bandar will open the forum Monday evening (Courtesy of the Government of Saudi Arabia)
December 9th, 2013 - 07:00 GMT

Riyadh Economic Forum to commence Monday evening

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