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A $1 Trillion Defense Shock: What Washington isn’t saying about the golden dome
November 7th, 2025 - 04:31 GMT
Osama Ali

Osama Ali

A $1 Trillion Defense Shock: What Washington isn’t saying about the golden dome

ALBAWABA - RosCongress, a Russian non-governmental group, says that the United States may spend more than $1 trillion over the next ten years on its large "Golden Dome" missile-defense program, which President Donald Trump has been pushing as a flagship program. The group says that the estimated cost includes research and development, making thousands of interceptor missiles, building a satellite network, and building the global infrastructure needed to run and ...
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Nearly two-thirds of UAE residents expect a salary increase in this year following a year of wage stagnation in 2018. (Shutterstock)
January 20th, 2019 - 10:37 GMT

Survey: More Than 60 Percent of UAE Residents Expect a Salary Hike

Shares plunged following the announcement, which also signaled a tough profit road ahead for Tesla. (Shutterstock)
January 20th, 2019 - 10:27 GMT

Tesla to Cut Its Workforce by 7 Percent

The balance of trade volume between India and the UAE is now worth $57 billion (Shutterstock)
January 20th, 2019 - 10:26 GMT

UAE-India Bilateral Trade to Exceed $100 Billion by 2020

The World Bank has reduced its estimates of global growth in 2018 and 2019 by just 0.1 percentage points, to 3% and 2.9%, respectively, since its June outlook. (Shutterstock)
January 20th, 2019 - 09:31 GMT

Why Global Financial Markets Became Unpredictable

The world is becoming more vulnerable to pandemics, despite advances in medicine and public health. (Shutterstock)
January 20th, 2019 - 09:14 GMT

Global GDP to Fall 0.7 Percent Due to Climate Change

Carlos Ghosn improperly received $9 million in compensation from a joint venture between Nissan Motor and Mitsubishi Motors. (AFP)
January 20th, 2019 - 08:58 GMT

Ghosn Accused of Receiving $9 Million Improperly From Joint Venture Between Nissan and Mitsubishi

Tunisia’s largest labor union has announced a two-day general strike for public-sector employees on Feb. 20.  (AFP)
January 20th, 2019 - 08:31 GMT

Tunisia's Labor Union Announces 2-Day Strike for Next Month

A total of 60,807 expats left the labour force in Oman between November 2018 and December 2017, parallel to the hiring of Omanis in the private sector. (Shutterstock)
January 20th, 2019 - 08:25 GMT

Expat Visa Ban in Oman Resulted in Creating Over 68,000 Jobs for Nationals

Flags of the Arab league states are seen on display ahead of the Arab Economic and Social Development Summit in Beirut (AFP)
January 20th, 2019 - 08:09 GMT

Arab Economic and Social Development Summit Did Not Go According to Plan

The price market structure for the Brent crude price has flipped to a slight backwardation after hovering in a slight contango for the past two weeks. (Shutterstock)
January 20th, 2019 - 07:50 GMT

Oil Prices Recover, Reaching Over $60 per Barrel

A no-deal Brexit could send the pound/dirham rate down to the 3.8 level from the current 4.77.
January 20th, 2019 - 07:00 GMT

Dirham vs Pound, How Will the Brexit Affect the UAE's Economy?

The electricity generated from the renewable sources will reach 1000 megawatts by March 2019. (Shutterstock)
January 19th, 2019 - 11:00 GMT

Iran to Construct 3000 New Small-Scale Solar Plants in Rural Areas

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