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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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Upon final ministerial approval, the new plans will be effective during the month of October, 2016, according to Touch. (Pexels)
September 20th, 2016 - 07:00 GMT

Lebanon's mobile operators propose to slash internet services costs

In August, Riyadh witnessed the opening of the first women’s telecom complex. (AFP/File)
September 20th, 2016 - 06:00 GMT

Saudi Arabia to open ten telecom centers exclusively for women

Al Hooti believes that raids will not solve the issue of black market workers in Oman while middlemen allegedly are involved in the selling of visas. (File photo)
September 20th, 2016 - 05:30 GMT

Oman's illegal labor market will self-perpetuate without reform: Industry expert

More than 70 per cent of Afghans have no regular access to electricity. Charbagh village in Nangarhar province, Afghanistan. (AFP/Noorullah Shirzada)
September 20th, 2016 - 04:56 GMT

Afghanistan taps UAE for $6B in infrastructure projects


With an increase of 16.7 per cent in the number of tourists coming into Oman in 2015, India is a crucial market for Oman. (Oman Ministry of Tourism)
September 19th, 2016 - 12:00 GMT

Oman tourism roadshow to woo Indian visitors

Mohamed Sanusi Barkindo is currently in Algiers meeting with Energy Minister Noureddine Boutarfa. (AFP/File)
September 19th, 2016 - 11:00 GMT

Cautious optimism ahead of OPEC's Algiers meeting

The Commercial International Bank (CIB), Egypt’s largest listed bank, has banned withdrawal from all debit cards abroad and has set a purchasing limits depending on the type of card. (File photo)
September 19th, 2016 - 10:00 GMT

Egypt's overseas students feel the pinch of the country's hard currency crisis

A high-ranking Yemeni ministerial official said the decision to relocate the Central Bank was made in consultation with the UAE and Saudi Arabia. (File photo)
September 19th, 2016 - 09:00 GMT

Yemen Central Bank headquarters to relocate from Sanaa to Aden

Egypt's policy change on its wheat imports will hurt Russia, Egypt's number one wheat supplier. (File photo)
September 19th, 2016 - 07:50 GMT

Egyptian delegation to head to Russia with aim to defuse imports row

Critics of the new law voiced concerns over putting customized conditions that fit specific parties who may exploit the country's difficult economic situation. (AFP/File)
September 19th, 2016 - 06:16 GMT

Will Tunisia's controversial new investment law boost the economy and tourism?

Nesma currently flies between Saudi and Egypt and plans to connect the city of Hail with 12 points around the kingdom. (Wikimedia Commons)
September 19th, 2016 - 05:23 GMT

Nesma Airlines to enter Saudi's budget air travel market with domestic flights in November

The Seattle purchase follows a $180M acquisition in Washington DC in February 2016. (Pixabay)
September 19th, 2016 - 04:29 GMT

Bahrain's Investcorp acquires Seattle office block for $223.5M

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