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Economy and Policy

Economy and Policy latest

Hegseth during US Committee hearing
July 23rd, 2026 - 09:04 GMT
P. Choiaqo

P. Choiaqo

Hegseth asks Congress to increase defense budget to $1.5 trillion

ALBAWABA - Hegseth appeared before Congress yesterday to answer questions regarding the Iran war and the costs related to it; instead of answering, he bold-facedly requested Congress increase his department’s budget to $1.5 trillion. The Trump administration continues to push Congress for more funds to cover the heavy cost of the Iran war, Hegseth says it cost $37 billion so far and is asking for $70 billion more, while analysts ...
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The weak exchange rate relative to the US dollar continues to be the key reason for higher raw material prices. (File photo)
April 5th, 2017 - 12:36 GMT

Weak economy, currency send Egypt non-oil sector into free fall

The country's automotive exports register all-time high of $7.12 billion between January and March 2017. (Anadolu)
April 5th, 2017 - 11:39 GMT

Turkey's automotive exports reach historic high with $7.12B

Tourism was once viewed as one of the main sources of revenue for the Lebanese economy. (File photo)
April 5th, 2017 - 11:07 GMT

Lebanon's tourism: Will 2017 be the light at the end of the tunnel?

Jordan said it will deploy police to patrol roads and take legal action against violating workers, and deport them “immediately” if they do not have valid permits. (AFP/File)
April 5th, 2017 - 10:11 GMT

Jordan cracks down on illegal workers

The Central Bank of Oman in Muscat. (File photo)
April 5th, 2017 - 09:51 GMT

Central Bank of Oman backs local money market with $154M treasury bills

During the event
April 5th, 2017 - 06:24 GMT

Musabih: Dubai Customs facilitates world trade

During the meeting
April 5th, 2017 - 05:24 GMT

Minister of Economy discusses cooperative opportunities with Asian, European & African counterparts at 2017 Annual Investment Forum

Qatar advances rapidly with construction projects across the country ahead of 2022 FIFA World Cup. (File photo)
April 5th, 2017 - 04:00 GMT

Qatar: 2022 World Cup offers $385M in business opportunities

According to the report, Saudi Arabia showed the weakest salary growth across the GCC region. (File photo)
April 5th, 2017 - 03:00 GMT

Revealed: Saudi Arabia's top 10 salaries for 2017

Egypt's total foreign debt increased to $67.3 billion in the first half of the fiscal year 2016-2017, compared to $47.8 billion in the first half of 2015-2016. (AFP/Khaled Desouki)
April 4th, 2017 - 09:00 GMT

Egypt's external debt up 40.8 percent amid currency flotation

Turkish exports in March have increased 19 percent year-on-year, the highest rise since November 2012. (File photo)
April 4th, 2017 - 08:26 GMT

Turkey's exports surge to $13.6B in March

Dubai is moving towards a rental law that better balances the relationship between landlord and tenant. (Pixabay)
April 4th, 2017 - 09:00 GMT

Landlords and tenants in Dubai could see new rental law

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