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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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Comparing revenue items for 2017 with 2016, the government expects an increase in fees revenues by six per cent. (Dubai Media Office)
December 22nd, 2016 - 09:00 GMT

Dubai's 2017 budget: Projected expenditures increased to $12.8B

Egypt has recently witnessed an acute shortage in imported medicines after their prices increased. (AFP/Anwar Amro)
December 22nd, 2016 - 08:00 GMT

Egypt's pharmacists plead for presidential intervention against medicines price hike

Although a lower deficit in 2016 is encouraging, Saudi Arabia faces a tough task to balance its budget by 2020. (File photo)
December 22nd, 2016 - 07:00 GMT

Saudi Arabia's 2017 budget: More spending cuts expected

During the event
December 22nd, 2016 - 06:12 GMT

Dubai Customs launches the Drug Smart Encyclopedia

The BTA head said that stores everywhere, including in malls, are witnessing low sales this festive season due to low purchasing power.  (Shutterstock)
December 22nd, 2016 - 06:00 GMT

Lebanon's retailers wait in vain for a post-election boost

Minister of Planning and International Cooperation Imad Fakhoury signs a loan agreement with Japan’s Ambassador to Jordan Shuichi Sakurai. (Jordan Times)
December 22nd, 2016 - 05:27 GMT

Jordan receives $254M soft loan from Japan

Egypt received the first tranche of the loan, worth $1 billion, in September. (File photo)
December 21st, 2016 - 09:00 GMT

Egypt: World Bank to release second billion-dollar loan tranche

Under the deal, Syrian refugees have been exempted from work permit fees and they will continue to have  refugee-status and receive aid from the UNHCR. (File photo)
December 21st, 2016 - 06:00 GMT

Jordan companies begin compliance process under new EU exports deal

During the event
December 20th, 2016 - 10:12 GMT

Dubai Customs receives Spanish delegation

The AfDB loan is intended to support government programmes that aim to achieve social and economic development by creating new jobs and improving the business environment. (File photo)
December 20th, 2016 - 09:00 GMT

Egypt receives second tranche of $500M from AfDB

During the event
December 19th, 2016 - 05:19 GMT

Dubai SME and Tejari join hands to boost SME participation in government procurement

Car exports represent 4.8 percent of Turkey's total exports in 2014. (Borsatek)
December 18th, 2016 - 11:17 GMT

Turkey eyes $70B trade with Middle East in 2017

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