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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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Inspectors of Passenger Operations Department became suspicious about the man’s behavior and carefully monitored him till he arrived at the customs zone.
July 25th, 2017 - 10:06 GMT

Dubai Customs Foils Bid to Smuggle Jewellery and Luxury Watches in DXB Terminal 3

Hamad Buamim, president and CEO of Dubai Chamber
July 24th, 2017 - 09:28 GMT

Dubai Chamber Members’ Trade Hits $40bn in H1

Sheikh Zayed City Egypt
July 24th, 2017 - 05:32 GMT

ADFD Provides Strategic Funding for 64 Development Projects in Egypt Worth AED4 Billion

The absence of a legal framework for bankruptcy has long been a hindrance to UAE businesses. Not anymore. (Shutterstock)
July 23rd, 2017 - 11:17 GMT

A Look at UAE's New Bankruptcy Law: How It Works and Why It's Good News

Economic growth this year for Saudi Arabia is forecast to be around 0.1 percent. (File photo)
July 23rd, 2017 - 09:30 GMT

Saudi Arabia's 2017 Growth Forecast 'Close to Zero': IMF

Iran expects to export 1 million tonnes of surplus wheat and its products this year. (AFP/ File)
July 20th, 2017 - 12:03 GMT

Largely Self-Sufficient, Iran to Export 1 Million Tonnes of Surplus Wheat

Last year's coup attempt, geopolitical developments and the referendum process have all affected Turkey's economy. (AFP/ File)
July 20th, 2017 - 11:54 GMT

Turkey Optimistic, Even as It Runs a $7-Billion Budget Deficit

A rendering of Hamad Port. (Twitter)
July 20th, 2017 - 10:05 GMT

Qatar's Hamad Port Breaks Blockade With Five New Shipping Lines

The new system is designed to automatically detect late or non-payment of salaries to employees in the private sector. (Shutterstock)
July 20th, 2017 - 08:59 GMT

Oman Announces New Wage Protection System for Employees in Private Sector

President Donald Trump vowed during his presidential campaign to re-open NAFTA. (AFP/ File)
July 19th, 2017 - 11:56 GMT

Trump Targets Trade Deficit, Currency Manipulation in NAFTA Talks

An expat waits for his flight at the King Khalid International airport on February 16, 2017. (Fayez Nureldine/ AFP)
July 19th, 2017 - 11:34 GMT

Saudi Arabia’s Expat Fee Doesn't Apply to Dependents on Visit Visa

The world's first operational police robot stands at attention in Downtown Dubai on May 31, 2017. (AFP)
July 19th, 2017 - 11:16 GMT

Non-Oil Sector Will Claim 80 Percent of UAE, Saudi GDP by 2025: Report

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