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US unfreezes major Iranian assets during talks over Hormuz
April 11th, 2026 - 10:14 GMT
Osama Ali

Osama Ali

US unfreezes major Iranian assets during talks over Hormuz

ALBAWABA - According to a senior Iranian source, the United States has consented to unfreeze Iranian financial assets stored overseas, which is viewed as a possible step toward furthering the two sides' continuing conversations. Speaking to Reuters, the person characterized the action as a show of goodwill and perhaps a step closer to a more comprehensive deal. Associated with Hormuz Security According to officials, the release of assets is contingent ...
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One of the challenges facing the new government is the reduction of the fiscal deficit. (AFP/File)
November 3rd, 2016 - 08:00 GMT

Lebanon's quick formation of national unity government will improve market sentiment: IIF

The Middle East's largest e-commerce site, Souq.com, has also witnessed a huge growth in its mobile commerce segment. (YouTube)
November 3rd, 2016 - 07:00 GMT

Cash is still king for UAE's online shoppers

The project will send an unmanned probe to Mars by 2021, as part of the Emirates Mars Mission, marking the UAE’s 50th National Day. (Shutterstock)
November 3rd, 2016 - 06:00 GMT

UAE gets green light to begin manufacture of Mars probe prototypes

The agreement on refining Basra crude oil comes within the terms of a previously-signed memorandum of understanding, according to Egypt's petroleum minister. (Shutterstock)
November 3rd, 2016 - 05:18 GMT

Egypt to import Iraqi crude oil for refining

The new Al Maktoum International Airport is planned to become the primary airport for Dubai, as well as the home to Emirates airline from 2025. (AFP/File)
November 2nd, 2016 - 12:00 GMT

Dubai secures $3B to finance airport expansion

A.T. Kearney’s research found that one-third of GCC customers are willing to pay for faster Internet or a more holistic customer service. (File photo)
November 2nd, 2016 - 10:00 GMT

GCC trumps US, Europe in mobile internet and app use

Work is in progress to boost the services provided for Gulf citizens in the field of retirement and social protection.   (Shutterstock)
November 2nd, 2016 - 10:00 GMT

Pan-GCC insurance system will encourage freedom of work and movement: Saudi labor minister

Public subsidies and fiscal aid are estimated to cost the country $3bn in the current fiscal budget, or about 5 per cent of projected spending. (Shutterstock)
November 2nd, 2016 - 09:00 GMT

Kuwait refutes reports that it will cut public subsidies

In the past weeks, severe sugar shortages hit the Egyptian market prompting talk of a crisis and pushing the state to rapidly increase imports despite an acute dollar shortage and soaring global prices.
November 2nd, 2016 - 08:00 GMT

Egypt raises subsidized sugar prices by 40 percent as stocks dwindle

The Urban Heritage Administration Center will house the permanent headquarters for the Heritage Museum. (Inhabitat.com)
November 2nd, 2016 - 07:00 GMT

Zaha Hadid Architects to design Saudi heritage center in Diriyah

Flight diversions and extensive holdings relating to drone activity are costly, inconvenience passengers and damage Emirates’ reputation. (File photo)
November 2nd, 2016 - 06:00 GMT

Millions lost due to illegal drone disruption at Dubai airports: Emirates

Egypt welcomed only 300,000 tourists in 2015 compared to two million in previous years.  (YouTube)
November 2nd, 2016 - 05:10 GMT

Will Egypt's new marketing campaign in Italy bring tourists back?

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