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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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Egypt has one of the highest records of car accidents in the world and a poor transportation safety history in general.  (Shutterstock)
August 22nd, 2016 - 02:54 GMT

Egypt: Economic cost of traffic accidents rises to $3.4B

Fire engulfs more than 30 floors of the 75-floor luxury Sulafa Tower in Dubai in January 2016. (File photo)
August 22nd, 2016 - 01:38 GMT

UAE to manufacture fire-resistant panels after spate of tower fires

Nakheel was one of the developers worst hit by Dubai's real estate crash at the turn of the decade, forcing the firm into a massive $16 billion debt restructuring. (File photo)
August 22nd, 2016 - 01:03 GMT

Nakheel moves out of the red as restructuring period ends

Several workers – especially those working in construction companies – have been stranded without pay in the kingdom during recent months. (File photo)
August 22nd, 2016 - 12:24 GMT

Saudi Binladin Group to pay overdue salaries by September

Banks and financial institutions have until the end of November 2016 to be in compliance with the terms of the circular. (File photo)
August 22nd, 2016 - 08:00 GMT

Lebanon: Rise in fraud prompts crackdown on unauthorized money lenders

The OMR500m mixed-use Mina Sultan Qaboos Waterfront project is close to being fully funded.   (Omangbnews.com)
August 22nd, 2016 - 07:00 GMT

Oman's tourism arm buys into eight companies

70,000 barrels of crude oil have been sent down the pipeline to the Mediterranean Turkish port of Ceyhan. (File photo)
August 22nd, 2016 - 06:00 GMT

Oil flow from northern Iraq-Turkey pipeline resumes

Abu Dhabi-based international retailer plans to develop a second shopping mall. (File photo)
August 22nd, 2016 - 05:00 GMT

Lulu Group to invest $300M in new Kerala mall

The world’s leading suppliers of event technology will partake in the region’s specialist industry trade show later this year. (File Photo)
August 21st, 2016 - 04:00 GMT

MENA entertainment market booms

A woman stands in line for subsidised bread. (AFP/File)
August 21st, 2016 - 10:00 GMT

Egypt-IMF deal brings in tough austerity measures

Thirty per cent of the $10 billion project will be financed equally by Jordan and Russia. (File photo)
August 21st, 2016 - 09:00 GMT

A nuclear Jordan by 2025? Kingdom seeking funding for first nuclear power plant

The report estimated that the total spend on infrastructure projects related to Dubai Expo 2020 might reach up to $18 billion. (File photo)
August 21st, 2016 - 08:00 GMT

Dubai has 3,700 ongoing construction projects worth $400 billion

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