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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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Low commodity prices, political uncertainty and weak foreign investor interest is weakening major African economies. (Wikimedia Commons)
October 18th, 2016 - 12:00 GMT

Out of Africa: Emirates curbs flights to the Dark Continent due to economic challenges

OSN will offer a portfolio of entertainment including Deadpool, Ice Age: Collision Course and the DreamWorks Animation title, Kung Fu Panda 3.  (IMDB)
October 18th, 2016 - 11:34 GMT

OSN extends partnership with 20th Century Fox Television

There's huge market potential in e-commerce, where currently only one per cent of commerce in Muslim countries is done online. (ArabPress.eu)
October 18th, 2016 - 10:55 GMT

Where are the Muslim unicorns? Islamic finance needs to build a start-up ecosystem

Saudi women seeking to marry a non-Saudi husband must be aged between 30 and 55 with an age difference of no greater than 10 years. (Shutterstock)
October 18th, 2016 - 10:09 GMT

Saudi Arabia tightens regulations on marriages to foreigners

Ensuring that mission-critical IT is constantly operational is key in the aviation sector. (File photo)
October 18th, 2016 - 06:47 GMT

Huawei to build data center at Dubai International Airport

Developed by Qatar Rail, the new sustainable transport system is expected to cater to the 250,000 inhabitants of Lusail and serve around 40,000 daily visitors. (File photo)
October 18th, 2016 - 05:52 GMT

Finland's Kone lands Lusail Rail contract in Qatar

GCC sovereigns' financing needs will likely remain substantial over the next several years, given the region's almost uniform dependence on hydrocarbons. (File photo)
October 18th, 2016 - 04:37 GMT

GCC sovereign finance may need up to $560B: S&P

Projects such as the Iran-Oman gas pipeline, Iran-Oman shipping line and $250M worth of Iranian shopping mall projects to be developed by Omani investors are expected to further bilateral ties. (Twitter)
October 17th, 2016 - 12:00 GMT

Oman, Iran eye $5B bilateral trade by 2021

A small number of potential buyers from the Middle East are vying for Oger's stake in Arab Bank, including Saudi Arabia's al-Hokair family. (File photo)
October 17th, 2016 - 10:58 GMT

Saudi Oger looks to offload its 20 percent stake in Arab Bank

Users will be able to use a smart application on their personal gadgets to book, pay the rate and open one of the cars available in certain locations all over Dubai. (RTA)
October 17th, 2016 - 09:00 GMT

Dubai unveils smart car rental service at Gitex Technology Week

The decision to walk away from the merger comes four months after the banks agreed terms of the share-swap ratio for the deal. (Twitter)
October 17th, 2016 - 08:00 GMT

Deal's off: Oman's Bank Dhofar and Bank Sohar abandon merger plans

A team from Hyperloop One is also working with Dubai’s Roads and Transport Authority as part of the Future Accelerators programme. (AFP Photo/John Gurzinski)
October 17th, 2016 - 06:58 GMT

Dubai's DP World becomes 'significant investor' in Hyperloop One

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