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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
December 21st, 2015 - 06:43 GMT

World Bank approves $5B loan to Egypt

Analyst expect the GCC sovereigns to seek to raise at least $15 billion in the international market next year. (File photo)
December 21st, 2015 - 06:06 GMT

Bridging the gap: GCC needs $265B to cover 2016 deficit

Al Habtoor once spoke in support of Trump as a 'breath of fresh air' among presidential candidates. (Twitter)
December 20th, 2015 - 08:19 GMT

Hit him where it hurts: Al Habtoor urges Arab investors to ditch Trump

The Kimberley Process was established in 2003 to stop the trade in diamonds from conflict-strewn countries. (Twitter)
December 20th, 2015 - 07:06 GMT

UAE to chair the Kimberley Process, 'blood diamond' regulatory group

Al Bawaba
December 17th, 2015 - 10:59 GMT

WTO cuts first major deal on eliminating tariffs on IT products

Saudi King Salman bin Abdulaziz met with Egyptian President Abdel Fattah al-Sisi during his visit to Riyadh, on March 1, 2015. (AFP/File)
December 17th, 2015 - 09:31 GMT

Saudi Arabia pledges $8B in aid and investment to Egypt

Al Bawaba
December 16th, 2015 - 11:07 GMT

GCC implements new electronic system for customs duties

Al Bawaba
December 16th, 2015 - 10:20 GMT

Egyptian banks offer support to struggling tourism sector

Al Bawaba
December 16th, 2015 - 09:40 GMT

Tax rates, compliance demands in the Middle East among world's lowest as usual: report

Another Saudi consolate is expected to open in Erbil, according to reports. (Zawya)
December 16th, 2015 - 11:00 GMT

Saudi Arabia resumes diplomatic relations in Iraq after 25 years

Al Bawaba
December 16th, 2015 - 10:00 GMT

Cash-strapped Egypt gets a $500M loan from the African Development Bank

Jafza Team at the seminar
December 16th, 2015 - 08:14 GMT

Jafza reports 10% growth in the number of Indian Companies

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