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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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Qatar has expressed its plans to support and strengthen national food products. (AFP/ File)
September 25th, 2017 - 12:17 GMT

Qatar Eyes Self-Sufficiency in Food, Medicine Products

$15 million will help support basic programmes for Palestinian refugees. (AFP/ File)
September 24th, 2017 - 01:21 GMT

UAE Donates $30 Million to UNRWA, UN Women

The upcoming referendum on Kurdish independence has the potential to roil both geopolitical alliances and oil markets. (AFP/ File)
September 21st, 2017 - 12:13 GMT

Opinion: Will an Independent Kurdistan Cause a Rift in Oil Markets?

Saudi Arabia announced in April that it will implement total Saudization in shopping malls. (AFP/ File)
September 21st, 2017 - 11:53 GMT

Saudization Success: Jeddah’s Malls Achieve 40 Percent Saudization

King Salman has ordered the payment of $15 million aid for the Rohingya Muslims in Myanmar. (AFP/ File)
September 20th, 2017 - 09:38 GMT

Saudi Arabia Pledges $15 Million to Aid Rohingya Muslims in Myanmar

The construction work on the project is likely to start by the end of this year.
September 20th, 2017 - 07:21 GMT

DP World, IGY Marinas to Build Superyacht Complex in France

The US stance toward the Middle East is negatively impacting business and regional growth, according to experts. (AFP/ File)
September 19th, 2017 - 05:00 GMT

Opinion: US Stance Towards Middle East Negatively Affecting Economy and Growth

Read this interview with the Indian ambassador to Egypt, Sanjay Bhattacharyya. (Courtesy of the Embassy of India)
September 19th, 2017 - 01:51 GMT

Six Indian Companies Will Be Investing in Egypt Soon: Interview With Indian Ambassador

The forum will focus on the fourth industrial revolution as its central topic. (Photo courtesy of WAM)
September 19th, 2017 - 10:49 GMT

Sharjah FDI Forum 2017 Kicks off Today

Saudi Energy Efficiency Center
September 19th, 2017 - 06:26 GMT

Saudi Customs Seizes 759,000 Products Violating Energy Efficiency Standards

DP World has entered into agreements to acquire Maritime World, the 100 percent owner of Dubai Maritime City for $180 million, and to buy 100 percent of Drydocks World by means of a capital injection of $225 million.
September 19th, 2017 - 05:06 GMT

DP World to Acquire Dubai Maritime City and Drydocks World

Two new shipping routes will link Qatar with vital ports in China, Turkey and Greece. (File photo)
September 18th, 2017 - 02:24 GMT

Qatar Launches Shipping Routes to China, East Mediterranean to Bypass Blockade

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