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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 GCC economies are forecast to recover in 2017, except Oman and Bahrain. (File photo)
February 6th, 2017 - 01:00 GMT

Most GCC economies expected to recover for 2017 following 2016 slowdown

During the visit
February 6th, 2017 - 09:12 GMT

DED signs MoU with Tokyo-based International Intellectual Property Protection Forum

An Egyptian man walks down the street at the Khan al-Khalili market in Cairo on May 20, 2016. (AFP/File)
February 5th, 2017 - 07:32 GMT

Middle East economy grows and shows surprising resilience despite political turmoil

Mahmood Al Bastaki, CEO of Dubai Trade
February 3rd, 2017 - 04:40 GMT

Dubai Trade recognises 9th e-services Excellence Awards Winners

European Commission Vice-President Jyrki Katainen, seen January 31, 2017, is in charge of jobs, growth, investment and competitiveness for the EU's executive arm.  (AFP/File)
February 2nd, 2017 - 02:00 GMT

Europe hoping to restart Gulf Free Trade talks

UAE Ministry of Economy
February 2nd, 2017 - 12:39 GMT

The UAE’s investments in space technologies currently exceeded AED 20 billion

 Development Minister, Lutfi Elvan. (File photo)
February 2nd, 2017 - 12:00 GMT

Turkey’s an attractive country for foreign investments, says Development Minister

Egyptians consume an estimated 250,000 tons of sugar each month, according to Egypt’s Supply Ministry. (Shutterstock)
February 1st, 2017 - 10:00 GMT

Sugar high again: Egypt raises prices of subsidized sugar and cooking oil

In addition to electricity reform, the IMF report argued for increasing revenue with fuel taxation and called for legislation to increase private sector investment.  (Shutterstock)
February 1st, 2017 - 06:00 GMT

IMF calls for 'plausible policy mix' to reduce Lebanon's mounting debt

King Salman and Donald Trump discussed the importance of enhancing economic, security and military cooperation.  (AFP/Fayez Nureldine)
January 31st, 2017 - 07:00 GMT

Saudi Arabia's King Salman takes Trump's call, approves VAT and selective taxes

To meet its financing needs, Egypt has sought funding from a variety of sources, from development loans to foreign grants and aid. (Shutterstock)
January 30th, 2017 - 12:56 GMT

After success of $4B Eurobonds, Egypt considers yen and yuan

Mohammed Lootah, the CEO of CCCP
January 30th, 2017 - 09:28 GMT

DED launches ‘Buyer Protection Programme’ to promote Dubai’s trade and exports

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