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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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GCC ministers met late last month in Kuwait and are scheduled to return to Kuwait City December 10 to hold their annual 2-day summit (Yasser Al Zayyat/AFP)
December 3rd, 2013 - 01:37 GMT

Gulf Monetary Council: No GCC "Euro" anytime soon, media reports falsified

Qatar had originally given Egypt $7.5 billion when former president Mohammed Morsi was in office, but since his oust, relations between Qatar and Egypt have deteriorated dramatically (Reuters)
December 3rd, 2013 - 01:18 GMT

More money, more problems? Egypt returns another $500 million to Qatar

Previously, Iran has dealt with foreign companies through “buybacks”. According to sources, the meetings in London will allow Iran to present the findings of a review of these contractual terms.
December 3rd, 2013 - 10:53 GMT

European oil giants ready for business with Iran

The Ministry of Labor has raided several women’s beauty salons since Nov. 4, a ministry official confirmed recently.
December 3rd, 2013 - 10:41 GMT

Unibrow invasion? Saudi beauty salons on standstill after labor raids

The Economic Freedom of the Arab World report compares and ranks Arab nations in five areas of economic freedom. (Image credit: Shutterstock)
December 3rd, 2013 - 05:12 GMT

Jordan one among three most economically free countries in the Middle East

NBK cautioned that over the next year or so, the trade balance could shrink a little: oil markets could loosen, putting downward pressure on prices or encouraging OPEC
December 3rd, 2013 - 03:55 GMT

Kuwait's trade surplus makes a jump from 6 to 21 billions dollars

Qatar clinched the award among other top contenders comprising Abu Dhabi, Auckland, Beijing, Dubai, Durban, London, Melbourne, New Orleans, Rio de Janerio, Seoul, Tokyo and Vancouver.
December 3rd, 2013 - 03:55 GMT

After winning the World Cup bid, anything is possible: Qatar receives 'Oscar of the Travel Industry'

The Iranian administration has set oil price to $100 per barrel in the next year’s national budget bill, IRNA quoted Iranian MP Ja’far Qaderi as saying on Sunday.
December 2nd, 2013 - 02:22 GMT

Iran puts new winning price on its oil barrels

 A lawsuit, with details still vague, by a Qatari company against the Social Security Investment Fund (SSIF) alleging it bought the fund’s stake in The Housing Bank for Trade and Finance was a hot topic of speculation in Jordan Sunday.
December 2nd, 2013 - 01:55 GMT

Two truths and a lie? Qatari company sues Jordan's Social Security Fund over "non-existent" sell-off of Housing Bank

Belounis said he had been unable to obtain an exit visa which has to be applied for by his employers under the kafala, or sponsorship, system.
December 2nd, 2013 - 01:43 GMT

After trapping the French Footballer Belounis, is Qatar about to be shamed by FIFA to abandon the Kafala system?

Saudi Arabia will open the new shipping line between Jeddah and Casablanca in an effort to boost commercial ties between the two countries (Courtesy of Wikimedia)
December 2nd, 2013 - 11:00 GMT

KSA trade with this north African country to reach $7 billion in 2014

Bahrain, Kuwait, Qatar and Saudi Arabia are planning to peg the common GCC currency to the dollar (File Archive/Shutterstock)
December 2nd, 2013 - 09:02 GMT

The GCC "Euro": Four Gulf countries to use common currency by end of 2013

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