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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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Al Bawaba
January 21st, 2016 - 05:47 GMT

WEF 2016: Geopolitical insecurity is Mideast CEO's top concern

Privatization of assets such as Saudi Aramco would boost government finances in the medium term. (File photo)
January 20th, 2016 - 02:00 GMT

MENA sovereign ratings face negative outlook: S&P

Al Bawaba
January 20th, 2016 - 10:00 GMT

China's President Jinping visits Saudi: 14 agreements signed

Al Bawaba
January 20th, 2016 - 09:00 GMT

Davos discussions: MENA should consider oil slump as an opportunity

Saudi's finance ministry reported 2015 revenues at $162 billion, a 15 percent decline from budgeted revenues. (File photo)
January 20th, 2016 - 07:00 GMT

IMF downgrades growth forecast for Saudi Arabia

Al Bawaba
January 20th, 2016 - 05:14 GMT

Bahrain's budget deficit scuppers public sector pay rise plan

Al Bawaba
January 19th, 2016 - 02:30 GMT

World Economic Forum 2016 report: doom, gloom...and technology

Large-scale projects such as Port Sultan Qaboos Waterfront could open the market for foreign investors to gain a foothold in the Omani market. (Travel Muse)
January 19th, 2016 - 02:00 GMT

Oman's subsidy cuts have a silver lining

Champs-Elysées, the main commercial hub of Zaatari refugee camp, Jordan. (UNHCR)
January 19th, 2016 - 09:55 GMT

EU proposes trade benefits for Jordan in exchange for allowing restricted refugee employment

During the event
January 19th, 2016 - 07:28 GMT

Jafza, Dubai Police sign collaboration agreement

Al Bawaba
January 18th, 2016 - 02:30 GMT

Only fools rush in: Remaining sanctions, structural issues still hamper investment in Iran

Al Bawaba
January 17th, 2016 - 10:00 GMT

GCC insurance sector 'lags behind' other emerging markets: industry expert

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