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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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3D printing technology will revolutionise the economic sectors that most affect people’s lives. This includes construction, medical equipment and supplies and even consumer products. (Shutterstock)
October 23rd, 2016 - 12:30 GMT

Dubai Future Foundation partners with US software firm Autodesk to create $100M fund for 3D printing

Once completed, the new Suez Canal for Iron and Steel plant will boast a production capacity of about 1.2 million tonnes of steel per annum. (AFP/File)
October 23rd, 2016 - 11:30 GMT

Egyptian Suez Canal Company joins forces with Saudi organization to set up iron and steel plant

Saudi bourse opened to foreign investors June 15, 2016. (AFP/File)
October 23rd, 2016 - 10:30 GMT

International demands on Saudi bonds on the up as offers increase by 2.6 percent

An employee walks at a solar plant in Masdar outside the Emirate of Abu Dhabi. (AFP/File)
October 23rd, 2016 - 09:30 GMT

Masdar raises the bar with plans to build Jordan’s largest solar power plant

Total Lebanese exports, including industrial items, average about $3 billion a year. (Shutterstock)
October 23rd, 2016 - 08:53 GMT

Syrian conflict continues to take a toll on Lebanese exports

The JTB has created a scheme for airlines as well as local and international travel agents, offering incentives on the condition that flights go directly to Aqaba. (Ansamed.info)
October 23rd, 2016 - 06:04 GMT

All welcome to Aqaba: Jordan welcomes Ukrainian tourists under new charter flight agreement

The strategic location provides returns expected to deliver an approximately 6.5 per cent yield every year. (Shutterstock)
October 23rd, 2016 - 05:00 GMT

Kuwait's Kamco acquires office tower in Cincinnati, Ohio

Saudi Arabia's oil minister outlined the rapidly changing landscape in the energy industry since OPEC last month in Algeria to modestly cut its output. (File photo)
October 23rd, 2016 - 04:09 GMT

Saudi Arabia to expand clean energy options amidst fears of future supply shortfalls

Eat' Bahrain market offering currently includes 80 restaurants, including Michelin-led restaurants CUT by Wolfgang Puck and Masso by Chef Susy Massetti. (Shutterstock)
October 20th, 2016 - 11:00 GMT

Bahrain's Eat app secures $2M funding for expansion

Remittances and capital inflows are some of the few remaining elements that keep the struggling Lebanese economy on its feet. (File photo)
October 20th, 2016 - 10:00 GMT

Remittances to Lebanon to increase this year: World Bank

Egypt is currently reviewing eligibility for a smart card system through which low income Egyptians access state-subsidised food. (File photo)
October 20th, 2016 - 09:00 GMT

Egypt mulls reintroduction of subsidies for vulnerable groups

 First Avenue will be designed as an European-style mall, with an indoor-outdoor boulevard and Arabesque influences. (Gulf Business)
October 20th, 2016 - 07:00 GMT

Park Inn Radisson and mall complex to open in Dubai's Motor City in 2017

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