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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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Saudi Arabia wants to boost the percentage of women in the Saudi workforce to 28 percent by 2020. (File photo)
March 22nd, 2017 - 10:06 GMT

Saudi Arabia wants more women in the workforce by 2020: Ministry of Labor

The Trump family’s expenses during business trips abroad have been placed under scrutiny since the president assumed office. (Facebook)
March 21st, 2017 - 06:00 GMT

This is how much Trump sons’ trip to Dubai cost US taxpayers

A man serving tea in Cairo. (Shutterstock/ Orhan Cam)
March 21st, 2017 - 05:00 GMT

Inflation rate in Egypt hits highest level in 30 years

GCC governments have taken steps to shift the burden of funding services such as healthcare to the private insurance sector and away from government. (File photo)
March 21st, 2017 - 02:13 GMT

Health insurance market in GCC shows signs of recovery: S&P

The increase in tobacco prices was mainly due to an increase in transportation, housing, water, electricity and fuel categories. (File photo)
March 21st, 2017 - 01:00 GMT

Tobacco prices in Oman up 23 percent

During the event
March 21st, 2017 - 08:47 GMT

Jafza organises American Business Forum

High net-worth individuals (HNWIs) are defined as individuals with $2 million (Dh7.34 million) or more in investment assets. (File photo)
March 21st, 2017 - 08:00 GMT

Wealth Insight Report 2017: GCC's ultra-wealthy concerned by oil prices, instability


The current portfolio of the World Bank in Egypt includes 22 projects for a total commitment of about $8.1 billion. (File photo)
March 21st, 2017 - 05:17 GMT

Egypt receives second billion-dollar tranche of World Bank loan

Lebanon will not be affected by hikes in US interest rates. (Shutterstock)
March 20th, 2017 - 12:51 GMT

Interest rates in Lebanon not affected by US Fed’s rate hike

Kuwait is expected to be the only Gulf state with a budget surplus this year. (File photo)
March 20th, 2017 - 11:35 GMT

Is Kuwait’s foreign bond sale enough to balance its budget?

During the event
March 20th, 2017 - 10:21 GMT

H.E. Al Mansoori heads first coordination meeting on CSR path

Demonstrators protest against the government's decision to raise taxes to cover a salary increase for teachers and other public servants, Beirut,  March 19, 2017.  (AFP/Stringer)
March 20th, 2017 - 05:06 GMT

Lebanon: Angry tax protests continue for fourth consecutive day

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