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US Aircraft Carrier in the Arabian Sea
July 16th, 2026 - 06:46 GMT
P. Choiaqo

P. Choiaqo

Saudi Arabia to buy $2 billion worth of weapons from the US

ALBAWABA - The sale of an estimated $1.96 billion worth of weapons focused on air defenses to Saudi Arabia has been approved, according to the U.S. State Department. The weapons sought by the Kingdom of Saudi Arabia are around 20,000 Advanced Precision Kill Weapon Systems and its warheads which are described as "an inexpensive way to destroy targets while limiting collateral damage in close combat.” According to the U.S. Navy ...
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Around 1.98 million pilgrims performed hajj this year, a 37.3 percent drop compared to last year.
October 20th, 2013 - 07:49 GMT

Less pilgrims, less spending: Hajj spending down 31% this year

According to ministry estimates, nearly 1.5 million foreign workers are currently residing in the country, with Syrians and Egyptians composing the majority.
October 20th, 2013 - 07:11 GMT

14,000 illegal workers found in Jordan

The survey also noted a general preference towards defensive investments. Around 34 per cent of respondents indicated a preference towards retail and consumer businesses including food and beverage.
October 18th, 2013 - 08:31 GMT

MENA private equity to pick up in 2014

Although the outlook for the Saudi economy in the next 18 months is relatively bullish, a sudden and persistent downturn in the price of oil would represent a key downside risk to our growth forecasts.
October 18th, 2013 - 08:22 GMT

Saudi consumers unaffected by oil sector contraction

Hosting Expo 2020 would inject “billions” into the Dubai economy, Andrew Scott, Professor of Economics at the London Business School.
October 18th, 2013 - 10:23 GMT

Can the Expo 2020 transform Dubai's economy?

According to the economists, the consumption expenses of Kuwaitis are higher than their savings and investments.
October 18th, 2013 - 10:09 GMT

Unholy consumption: Kuwaitis, expats spend around $1 billion for Eid!

Jordanian customers look for luxury but with more reasonable prices these days; they want to look trendy, luxurious and fashionable, but with lower price tags, Dahleh told The Jordan Times.
October 18th, 2013 - 09:48 GMT

Jordan's luxury shoppers undeterred by financial difficulties

“Gold sales have really taken a hit. I would say the market is down by more than 50 percent compared to the last Haj season,” Mohammed Al-Himms, store manager at MS jewelry outside Makkah’s Grand Mosque, said.
October 14th, 2013 - 10:09 GMT

Arab Spring dwindles interest in gold during Hajj

Other favorable destinations for the Saudis included Malaysia, Turkey and some European countries.
October 14th, 2013 - 09:55 GMT

Dubai is Saudi's Mecca during Eid


Sidi Ould Tah, Mauritanian Minister for Economic Affairs and Development, said the educational output is not in harmony with needs of the labour market and this issue requires reconsideration into the educational systems.
October 14th, 2013 - 09:38 GMT

One in four remain jobless in the Middle East, according to the IMF

World Bank chief Jim Yong Kim has warned that the US was headed toward peril as politicians failed again to resolve a standoff over the budget and debt ceiling.
October 13th, 2013 - 09:40 GMT

'Global growth subdued' and 'US headed towards to danger', says IMF, World Bank

In April 2013, Jordan received the second tranche of the loan to finance projects under the programme, at a total of $385 million
October 13th, 2013 - 09:40 GMT

Two 'Eids' in one? IMF to dispense third tranche of its loan to Jordan

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