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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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Oman's economic growth is expected to slow in 2016 and 2017 to an average of 2 per cent. (File photo)
August 8th, 2016 - 11:00 GMT

Oman economy slows as oil prices remain low

A tourist walks past empty sunbeds on a beach in Egypt. (AFP/File)
August 8th, 2016 - 06:00 GMT

Ministry of Tourism desperately trying to revive beleaguered sector in Egypt

The plan aims to protect the environment, in line with the strategy to achieve the green economy in the city.  (File Photo)
August 8th, 2016 - 05:00 GMT

36 additional bridges and roads in store for Dubai

The world’s leading suppliers of event technology will partake in the region’s specialist industry trade show later this year. (File Photo)
August 8th, 2016 - 04:00 GMT

AV and entertainment market boosted by ME key sectors

The growth in Saudi's oil sector is driven mainly by record oil production that remained above the 10 million bpd level throughout 2016.(File Photo)
August 7th, 2016 - 04:16 GMT

Saudi oil sector increases by 5.1 percent

The decline in UAE oil prices is expected to be taking a toll on consumer sentiment. (File Photo)
August 7th, 2016 - 02:00 GMT

Decreasing confidence in Middle East market

The international smart building market is expected to touch $36.3 billion by 2020. (Trade Arabia)
August 7th, 2016 - 01:00 GMT

UAE leading Gulf state in smart building solutions

Egypt announced in 2014 ambitious plans to develop renewable energy. (File photo)
August 7th, 2016 - 12:00 GMT

Investors' high hopes clouded by Egypt’s solar power struggles

A man stands among camels during an auction at Birqash Camel Market just outside of Cairo. (AFP/File)
August 7th, 2016 - 09:00 GMT

Jordan’s camel industry crippled by drought

Oman's fishing industry is going swimmingly. (Shutterstock)
August 7th, 2016 - 08:00 GMT

Oman sees steady upswing in fishing industry

Dubai airport said 19,000 passengers and 500 flights had been affected by delays and cancellations after an Emirates jet caught fire as it crash landed. (Shutterstock)
August 7th, 2016 - 07:00 GMT

Dubai airport back to normal operations following Emirates crash landing

Hi-tech houses will help alleviate Saudi Arabia's housing crisis. (Shuttestock)
August 7th, 2016 - 04:00 GMT

Saudi to use 3D-printing to tackle housing crisis

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