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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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Orange Egypt signed a $484 million worth deal, Vodafone Egypt signed the agreement for $335 million, while Etisalat finalized a $535.5 million deal. (File photo)
October 17th, 2016 - 06:04 GMT

Egypt: Vodafone, Etisalat, Orange sign agreements for 4G licenses

The 284-room Four Seasons Hotel will be located in the Burj Alshaya’s 22-storey Eastern Tower. (EBCTV.net)
October 17th, 2016 - 05:00 GMT

Four Seasons Kuwait to open in 2017

Iran needs to purchase between 400 and 500 commercial airliners over the next decade to rejuvenate its ageing aviation fleet.  (Wikimedia Commons)
October 17th, 2016 - 04:26 GMT

Iran's massive aircraft order delayed by 'technical issues'

Significant investment is accelerating Lebanon's $400 million knowledge economy, which could add 25,000 ICT jobs and contribute $7 billion to the country's GDP by 2025. (Shutterstock)
October 16th, 2016 - 12:00 GMT

Lebanese tech start-ups seek partnerships in Dubai

The NTRA decided to grant the license for the international communications gateway to companies that would pay for the license fully in US dollars. (File photo)
October 16th, 2016 - 11:00 GMT

Egypt tightens regulations on 4G licenses in defiance of mobile operators' requests

The new partnership is an ambitious effort by SoftBank and its billionaire founder, Masayoshi Son, to expand the company’s footprint worldwide. (Twitter)
October 16th, 2016 - 09:30 GMT

Japan's SoftBank partners with Saudi Arabia to create $100B tech fund

Companies that previously did business with both firms will now find the teams serving them have combined into one, while more broadly they will notice combined engagement in terms of activities and events. (Twitter)
October 16th, 2016 - 07:55 GMT

Dell-EMC mega-merger will have 'immediate' impact on MENA

There is a lot to see from 3D-printed cars to VR roller coasters, drones, augmented reality and more with the latest in cutting-edge technology and innovation. (Pixelmate.in)
October 16th, 2016 - 06:00 GMT

Dubai's Gitex Technology Week 're-imagines realities'

A ministry spokesman said that 14 categories would be exempted from the KD450 minimum salary condition. (Shutterstock)
October 16th, 2016 - 05:00 GMT

Kuwait hikes minimum salary requirements for expat family visas

In a statement Friday from OPEC on the outcome of the meetings in Istanbul, Russian Energy Minister Alexander Novak said support was growing from non-member states. (Shutterstock)
October 16th, 2016 - 04:09 GMT

Crude oil prices dip despite positive OPEC sentiment in Istanbul

When you take into account multiplier effects, the total impact of inbound Muslim tourism spend on US GDP is a staggering $50.8B. (Estavisa.com)
October 13th, 2016 - 12:00 GMT

US captures nearly 25 percent of Islamic tourism market

According to an anonymous source, one reason behind the decline in sugar and the associated price hike is the new regulations imposed by the ministry of supply on the distribution of sugar. (Shutterstock)
October 13th, 2016 - 11:00 GMT

Sugar rush: Egyptians face inflated prices as sugar disappears from supermarket shelves

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