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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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Schemes supported by the fund in Jordan are in the areas of energy, education, agriculture, water, roads and sewage networks. (Shutterstock)
January 30th, 2017 - 07:00 GMT

Jordan receives $14.1M from Kuwaiti Fund for Arab Economic Development

DP World’s finance team receiving the ‘Investment Grade Bond/Sukuk Deal of the Year’ at the 2016 Bonds, Loans & Sukuk Middle East Awards in Dubai recently
January 30th, 2017 - 06:56 GMT

DP World wins multiple awards for Sukuk issue

The country’s high expat population has dominated politics in recent weeks, with MPs calling for a special debate on the subject next month.  (Shutterstock/Nathan Bai)
January 29th, 2017 - 10:16 GMT

Kuwait prepares to debate proposal for tax on expat remittances

During the event
January 29th, 2017 - 09:23 GMT

‘Brainstorm Room’ launched during 2nd Dubai Customs Week

Jebel Ali Free Zone
January 29th, 2017 - 08:31 GMT

Jafza participates in Arab Health 2017

Some of the grant will be allocated to support Jordanian factories and companies that are keen on exporting to EU countries.  (Shutterstock)
January 29th, 2017 - 05:45 GMT

Jordan signs $77.6M grant agreement with EU

The index reflected an increase in “petty corruption” among some public servants, suggesting that corruption is no longer limited to those with influence and power.  (Shutterstock)
January 26th, 2017 - 08:00 GMT

Not squeaky clean, but Jordan improves ranking on anti-graft index

Part of the famous Nubian sandstone quarries by Gebel el-Silsila in Upper Egypt has recently been made accessible to visitors by a short "tourist path". (Quarryscapes.no)
January 26th, 2017 - 05:10 GMT

Egypt appeals for $400M in World Bank project financing

KIZAD ’Milestone 2017
January 26th, 2017 - 04:40 GMT

KIZAD registers strong performance in 2016

The initiative – part of Dubai’s Plan 2021 – aims to increase the contribution of SMEs to the emirate’s GDP. (Shutterstock/Mikadun)
January 25th, 2017 - 12:00 GMT

Dubai introduces SME classification system to support financing

THe NBI was launched as “a forum for consultation and coordination among the Basin States for the sustainable management and development of the shared Nile water and related resources." (Shutterstock)
January 25th, 2017 - 12:00 GMT

Egypt mulls return to the Nile Basin Initiative

Headquarters of the Central Bank of Sudan. (CBOS)
January 25th, 2017 - 11:00 GMT

Abu Dhabi Fund donates $400M to Central Bank of Sudan

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