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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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Ahmed Kathem
November 17th, 2016 - 04:40 GMT

Dubai Customs to organize “Innovation Festival” during UAE Innovation Week 2016

DP World
November 16th, 2016 - 05:54 GMT

DP World leading environmental performance in maritime sector

The Kimberley Process was designed to curb the trade in conflict diamonds. (Shutterstock)
November 15th, 2016 - 11:00 GMT

The bling ring: UAE accounts for third largest diamond exports worldwide

The scheme is expected to encourage capital and investment to drive economic growth. (Shutterstock)
November 15th, 2016 - 10:00 GMT

Turkish proposal looks to attract investors with promise of citizenship

Mohammed Ali Al Kamali, Deputy CEO of Dubai Exports
November 15th, 2016 - 09:09 GMT

Dubai Exports connects UAE firms with suppliers and industry sectors in Central Asia at BakuBuild

Officials in both Saudi Arabia and Australia have been holding extensive deliberations on drafting an efficient and cooperative partnership between the two countries especially with respect to the agricultural sector. (Fruitnet.com)
November 15th, 2016 - 08:00 GMT

Saudi Arabia to ramp up imports of Australian agricultural products

Egypt has introduced a raft of economic reforms, including VAT and fuel price hikes, but these have also meant greater hardship for a population already facing high prices and sluggish growth. (AFP/File)
November 14th, 2016 - 11:00 GMT

Egypt seeks $800M European aid to help ease pressure on the poor

During the event
November 14th, 2016 - 10:26 GMT

Abu Dhabi Ports and Emiroll sign Musataha Agreement to build plant in Khalifa Industrial Zone

During the event
November 14th, 2016 - 09:34 GMT

DP World wins GCC government HR Award

Gulf States are rich in oil and have financial reserves and huge foreign investments but have been negatively affected by fluctuating oil prices. (File photo)
November 14th, 2016 - 06:42 GMT

Saudi plan to establish Gulf bloc would create sixth largest economy

Experts say the $12 billion IMF loan to Egypt is essential to bolster foreign currency reserves. (AFP/File)
November 13th, 2016 - 06:34 GMT

IMF approves $12 billion loan deal for Egypt

Ahmed Mahboob Musabih
November 13th, 2016 - 06:26 GMT

Dubai Customs carries out over 3,000 seizures in first nine months of 2016

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