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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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Total value of the country's exports stood at $24.4 billion in the first seven months of this year
October 27th, 2019 - 10:00 GMT

Iran: Country’s Economy Remains Stable Despite Re-Imposition of US Sanctions

UAE and UK share close ties across an array of sectors. 
October 27th, 2019 - 08:30 GMT

UAE Mulls Bilateral Cooperation with UK in 3 Vital Fields

Income tax exemptions decreased by 20 percent compared with last year.
October 27th, 2019 - 07:30 GMT

Morocco’s Tax Exemptions Down 3 Percent, Total $3 Billion in 2019

The volume of non-oil deals concluded by Saudi Arabia amounted to approximately USD170 billion
October 27th, 2019 - 07:00 GMT

Saudi Arabia's Non-oil Deals Hit $170 Billion Since 2016

Saudi Arabia had set out a clear strategy for economic diversification and development through its Vision 2030 reform plan
October 26th, 2019 - 03:00 GMT

Saudi Arabia’s Economy Could Create 124,000 Jobs by 2030 in Tech Sector

Analysts expected Egypt’s gross domestic product (GDP) growth to slow to 5.5 percent in the 2021/22 fiscal year.
October 26th, 2019 - 01:00 GMT

Egypt’s Economy to Grow at 5.5 Percent in Fiscal Year 2019/20

Regionally, other countries also introduced a host of reforms, especially Saudi Arabia, Bahrain and Kuwait as all these were rated among top 10 improvers.
October 24th, 2019 - 11:18 GMT

Report: UAE Best Country in MENA for Doing Business

The Kingdom’s “Vision 2030” plan for long-term development encompasses a variety of legal and structural reforms, the World Bank report said.
October 24th, 2019 - 10:24 GMT

World Bank: Saudi Arabia Most Improved Economy with a Total of Eight Reforms

The figure posted an increase of 2.1% in October, from 55.8 in September, the Turkish Statistical Authority (TurkStat) said.
October 24th, 2019 - 07:58 GMT

Turkey: Consumer Confidence up 2.1 Percent in October

Ghosn's legal team claim the opposition to further integration of the car firms drew in even government officials from the Ministry of Economy, Trade and Industry (METI).
October 24th, 2019 - 07:24 GMT

Ghosn Urges Court to Dismiss All Cases Against Him Over Prosecutor Misconduct

Saudi Arabia has raised $3.3 billion in its first bond sale in that currency and $7.5 billion in conventional bonds in January.
October 24th, 2019 - 06:45 GMT

Saudi Debt Issuance Drops 17 Percent in October

The new budget includes new measures that push investment especially reducing the marginal price of the tax on companies
October 24th, 2019 - 06:30 GMT

Morocco to Lower Its Fiscal Deficit to 3.5 Percent

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