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Kaja Kallas
December 12th, 2025 - 11:13 GMT
Osama Ali

Osama Ali

EU's permanent freeze on Russian assets sets stage for new confrontation with Moscow

ALBAWABA - The European Union has agreed to freeze €210 billion in Russian assets for an indefinite period of time. Moscow called this a hostile escalation that will have "severe consequences." The move is one of the bloc's strongest economic actions since the war in Ukraine began. Kaja Kallas, the EU's foreign policy chief, said that the assets will stay frozen until Russia pays full compensation for the damage it ...
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As the unrest in neighboring countries impacts the number of tourists to Lebanon, the EIU has lowered its 2012 forecast for real GDP growth to 2.9 percent from 3.2 percent
June 12th, 2012 - 09:13 GMT

Lebanon's economy bound to suffer: 2012 GDP falls off

A portion of the natural gas to be transported via the pipeline will be supplied to Jordan at a price to be set by the two governments at a later stage
June 12th, 2012 - 06:29 GMT

Jordan, Iraq near gas pipeline deal; Qatari delegation due in Amman

Iran's production has sunk to its lowest in two decades due to Western sanctions against its nuclear programme
June 11th, 2012 - 12:32 GMT

Oil glut hits price, $100-$120 reasonable: OPEC

Out of the 117 schools that applied for a fee increase this year, 83 of them have been giving permission. The remaining applications are still pending
June 11th, 2012 - 09:17 GMT

Most Dubai schools will get their hike

The promotion, running from 10th June to 31st July 2012, aims to highlight the core benefits of Emirates' Visit Visa product
June 11th, 2012 - 09:11 GMT

Incentive to fly family for Ramadan

The Ministry told employers that it would not grant work permits for women because of the "unsafe and insecure work environment at that site
June 10th, 2012 - 10:44 GMT

Women work visas rejected in UAE by Ministry

Concern about the banks, which are hobbled with more than 180 billion euros in problematic real estate loans and assets, drove Spanish borrowing costs to near euro-era records last month
June 10th, 2012 - 10:40 GMT

Euro crisis a threat to UAE economy

Brent crude was trading just under $99 per barrel on Friday after dropping to a 16-month low below $96 a barrel last week
June 10th, 2012 - 10:37 GMT

Saudi cuts May crude production

The fund was allocated by the Gulf Cooperation Council (GCC) during last year’s summit to support development projects in the Kingdom
June 10th, 2012 - 10:33 GMT

Qatar to pay $1.25b to Jordan through GCC fund

Algeria needs to import large quantities of refined fuel products such as gasoline and gasoil due to insufficient refining capacity
June 7th, 2012 - 11:22 GMT

Algeria tries to boost its oil and gas capacity

Budget deficit in first quarter reached LL1.009 trillion compared to LL1.655 trillion in the same period of 2001, a decrease of LL646 billion
June 7th, 2012 - 10:26 GMT

Can telecom revenues justify Lebanon's budget deficit?

Jordan will be among the countries that benefit from this global growth as the country’s tourism industry has solid roots
June 6th, 2012 - 11:55 GMT

Jordan's tourism recovers this year, fostered by global growth

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