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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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Consumer spending is a major component in the UAE's GDP with a 45 percent share, compared to 39 percent on average for the GCC region. (File photo)
August 14th, 2017 - 01:11 GMT

Rents and Food Lead Consumer Spending in UAE: Report

The recovery in oil prices this year had been a key factor behind the reduced budget deficit. (File photo)
August 14th, 2017 - 09:50 GMT

Saudi Budget Deficit Down 51 Percent Following Oil Recovery, Spending Cuts

The agreements focused on pharmaceuticals, foodstuff, construction, building materials, shipping, logistics, plastic, aluminium, glass, technology, furniture, and air-conditioning sectors. (Shutterstock)
August 13th, 2017 - 10:59 GMT

Qatar, Turkey Strengthen Economic Ties With 15 New Agreements

The new Value-Added Tax (VAT) will be implemented in Saudi Arabia from January 1 next year simultaneously with other GCC countries. (File photo)
August 13th, 2017 - 09:31 GMT

Saudi Arabia Expects VAT to Increase Cost of Living by 5 Percent

The first-aid workshop
August 13th, 2017 - 05:23 GMT

Dubai Silicon Oasis Authority Holds First Aid Workshop, Complimentary Health Check-Ups

Ali Bin Harmel Al Dhaheri, Chairman of the Board of Directors of National Takaful Company (Watania).
August 10th, 2017 - 08:32 GMT

National Takaful Company 'Watania' Reports Dh2.7 Million Profit in Q2 2017

The previous Global Business Forum on Africa saw more than 100 bilateral investment meetings held during the event. (File photo)
August 9th, 2017 - 10:13 GMT

Global Business Forum on Africa 2017 to Be Held in Dubai in November

Ibrahim Al Kamali, director of passenger operations at Dubai Customs
August 9th, 2017 - 09:55 GMT

Dubai Customs Deals With 12 Million Passengers in 6 Months

Ali Al Kamali, Deputy CEO of Dubai Exports with the delegations.
August 9th, 2017 - 08:43 GMT

Dubai Exports Looks at Greater Cooperation With India in the Food Processing Sector

Turkey believes a land route is a more sustainable alternative for trade with Qatar on the long run. (File photo)
August 8th, 2017 - 01:44 GMT

Qatar, Turkey Mull New Trade Route for Food Products, Via Iran

This initiative underscores the relentless efforts of Abu Dhabi City Municipality to encourage the public to undertake charitable activities and enhance the communication with all community members.
August 8th, 2017 - 11:20 GMT

Abu Dhabi City Municipality Conducts Medical Tests for Workers at Al Mafraq Industrial

The Suez Canal’s revenues from January to July 2017 amounted to $2.938 billion compared to $2.919 billion in the same period last year. (File photo)
August 8th, 2017 - 08:11 GMT

Egypt's Bet on Suez Canal Paying Off: Revenues up in First 7 Months of 2017

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