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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's Mohamed Mahmoud poses with his bronze medal on the podium of the Men's 77kg weightlifting competition at the Rio 2016 Olympic Games. (AFP/GOH Chai Hin)
August 16th, 2016 - 06:00 GMT

Rio 2016: Organizers struggling to meet overwhelming demand for halal food

Investcorp has seen its most active period since the firm’s inception in the last 12 months after signing five new deals and exiting nine portfolio companies. (Shutterstock)
August 16th, 2016 - 05:00 GMT

Bahrain's Investcorp buys UK's Nebulas to become European cybersecurity giant

OPI alleges regulatory restrictions on international fund transfer in foreign currencies for its failure to settle the payments. (LinkedIn/Red Sea Housing Services Company)
August 16th, 2016 - 04:00 GMT

Saudi-listed Red Sea Housing Services sues to recover $24.5M in US court

The Central Bank of Egypt officially allows exchange offices to sell the US dollar with a 15 piaster difference above or below the official selling price. (File photo)
August 15th, 2016 - 02:00 GMT

Egypt cracks down on informal currency exchange traders

Saudi-Russian bilateral cooperation was not only focused on oil prices, but also on promoting renewable energy, nuclear energy, nuclear medicine and radio-logic technology. (AFP/File)
August 15th, 2016 - 01:21 GMT

Russia warms to discussions with Saudi Arabia ahead of OPEC meeting in Algeria

Indians form the largest workforce in the UAE based on nationality. (File photo)
August 15th, 2016 - 09:00 GMT

UAE introduces new initiatives to protect Indian migrant workers

Digitization will also fuel lateral job movements and a repositioning of current jobs in the financial sector.  (Shutterstock)
August 15th, 2016 - 08:00 GMT

Smart finance will fuel job creation in MENA: Booz Allen Hamilton

If Egypt's local wheat procurement numbers were misrepresented, it may have to spend more on foreign wheat purchases to meet local demand. (Shutterstock)
August 15th, 2016 - 07:00 GMT

Egypt's mega project thrown into disarray over wheat scandal

Smart Dubai has completed the first phase of its city transformation. (Shutterstock)
August 15th, 2016 - 06:00 GMT

Gitex Technology Week to shine spotlight on potential $1.6T in smart city investments

The divestment is part of Dubai Financial Group's restructuring plan. (Aswat Masriya)
August 15th, 2016 - 05:00 GMT

Dubai Financial Group sells share in Egyptian investment bank EFG Hermes

The defendants include six Saudis, two Pakistanis and one defendant each from Jordan, the Philippines, Canada, Palestine, Egypt and the UAE. (AFP/File)
August 15th, 2016 - 04:00 GMT

Mecca crane collapse case: Criminal court gives defendants 45 days to counter charges

The Labor Ministry's eventual goal will be to recruit only skilled foreign workers in various business sectors. (Shutterstock)
August 14th, 2016 - 01:14 GMT

Saudization: Labor Ministry to unveil six new projects

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