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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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Changi Airport International has been contracted to run King Fahd International Airport for the last eight years. (Shutterstock)
October 26th, 2016 - 11:00 GMT

Singapore's SATS Ltd to build $29M cargo facility at Saudi's King Fahd International AIrport

The UAE is eagerly awaiting suggestions on best practice and the ideal regulatory framework that would allow its mining industry to grow and thrive even in difficult times. (Shutterstock)
October 26th, 2016 - 10:00 GMT

UAE to revise mining laws in push to develop non-oil economy

Women are coming to the UAE on visit visas and then they are brought to Oman most often illegally. (File photo)
October 26th, 2016 - 09:00 GMT

Middlemen reveal ease in illegal trafficking of domestic help in Oman

The underwriting applications for the bonds reached around $4 billion, or 400 per cent of the issuance value.(Shutterstock)
October 26th, 2016 - 08:00 GMT

Jordan's billion-dollar Eurobond issue garners mixed reactions

Alabbar, who made his fortune as the chairman of Emaar Properties, has been moving into other areas, in particular technology. (AFP/File)
October 26th, 2016 - 07:00 GMT

Alabbar plans WhatsApp rival messaging service

Al Jazeera Steel believes that the determined margin/duty will not have impact on the company’s revenue and profit. (Shutterstock)
October 26th, 2016 - 06:19 GMT

Oman's Al Jazeera Steel hit with US anti-dumping fine

The second phase of DWC expansion will be to increase capacity to 120 million passengers a year ahead of Emirates' planned move. (File photo)
October 26th, 2016 - 06:03 GMT

Emirates Airlines to shift base to Maktoum International Airport by 2025

The bankruptcy law is one of the most important foundations of the UAE legislative system considering its role in strengthening  the investment environment for the UAE economy. (File photo)
October 26th, 2016 - 05:52 GMT

UAE's new bankruptcy law to come into effect by January 2017

The launch comes following a study by the Dubai Design & Fashion Council (DDFC) suggesting the Middle East and North Africa will require at least 30,000 design graduates by 2019. (Foster+Partners)
October 25th, 2016 - 10:23 GMT

Dubai Institute of Design and Innovation to welcome students in 2018

The drop in oil prices has caused challenges in managing the fiscal position of the country. (Shutterstock)
October 25th, 2016 - 09:00 GMT

Oman to seek $10B in international bonds to meet budget deficit

In addition to the free zone options, the Port Zone itself has a 1,944 sq m warehouse, and a further non-free zone area contains another 1,944 sq m warehouse and 2,000 sq m of open storage.   (WAM)
October 25th, 2016 - 08:00 GMT

Ras Al Khaimah Port opens free zone

US Secretary of State John Kerry meets with Saudi Foreign Minister Adel al-Jubeir in London on January 14, 2016. (AFP/File)
October 25th, 2016 - 07:00 GMT

US eyes private sector investments as part of Saudi's National Transformation Program

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