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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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Search and security teams will carry out inspections inside camps and buildings to make sure there are no LPG tanks or cylinders.  (File photo)
August 17th, 2016 - 09:00 GMT

Saudi Arabia bans use of LPG at holy sites during Hajj

The new hotel will have 230 rooms, including 27 suites.  (Times of Oman)
August 17th, 2016 - 08:00 GMT

Sheraton Oman to re-open its doors in Muscat after ten years

The legislation requires the State Investment Council, which manages more than $80 billion in pension assets, to identify any potential investments in companies with Israeli boycotts and to divest from them. (File photo)
August 17th, 2016 - 07:00 GMT

New Jersey becomes the latest US state to pass anti-BDS legislation

Parliamentary speaker Abdul Aal said that Egyptian airports have implemented about 85% of Russia’s demands regarding flight safety recommendations. (AFP/File)
August 17th, 2016 - 06:00 GMT

Russian delegation returns to Egypt for airport security review

Global Innovation Index measured the performance of 128 countries and is based on 82 sub-indices. (File photo)
August 17th, 2016 - 05:00 GMT

UAE moves up the tables for innovation

The estimated cost of drilling one well in Zohr concession in the Mediterranean Sea’s deep water is roughly $100m. (File photo)
August 17th, 2016 - 04:00 GMT

Egypt: Eni investment in Zohr gas plant reaches $3.5B

The successful auction follows Qatar's nine billion dollar sale of Eurobonds in May 2016, which marked the largest-ever bond issue in the Middle East.  (File photo)
August 17th, 2016 - 04:00 GMT

Qatar auctions $825M in first domestic government bond this year

An educational ministry spokesman said it was working with international firms to set up the independent schools model. (File photo)
August 16th, 2016 - 02:00 GMT

Saudi education ministry set to make 2000 government schools independent

An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran's refusal to take part of the initiative. (Shutterstock)
August 16th, 2016 - 01:17 GMT

Oil prices hit five-week high but skepticism remains over OPEC meeting

Al Faisaliyah Tower in the business district of Riyadh. (Shutterstock)
August 16th, 2016 - 12:16 GMT

Saudi Arabia: Foreign investors ownership expected to double with lifted restrictions

In June 2016, British Airways announced that it was suspending flights to Sharm El Sheikh indefinitely.  (File photo)
August 16th, 2016 - 09:00 GMT

British Airways partners with Egyptian tour operators with new On Business initiative

On a per litre basis, the new retail gasoline price is still less than half of the cost of gasoline in Europe and the lowest in the GCC. (Shutterstock)
August 16th, 2016 - 07:00 GMT

Kuwait's energy subsidy cuts 'a bold move': World Bank

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