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Hormuz ships
March 21st, 2026 - 04:31 GMT
Osama Ali

Osama Ali

"Hormuz Open for Japan": Iran allows Japanese ships to pass

ALBAWABA - As tensions continue to impact international energy channels, Iran has indicated that it is prepared to help Japanese ships, particularly oil tankers, pass through the Strait of Hormuz safely. In an interview with Kyodo News, Iranian Foreign Minister Abbas Araghchi denied reports that Tehran has closed the vital canal, stating that it is still accessible. He clarified that while other countries are still free to cross the strait ...
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Earlier this month, the Cabinet decided to deduct 10 per cent of any sum above JD2,000 in monthly salaries of civil servants, and set a cap of JD3,500 on public sector salaries. (Shutterstock)
February 9th, 2017 - 02:00 GMT

Jordan increases minimum wage, raises taxes to narrow deficit

The 18-hole course, designed by Gil Hanse, is part of Damac Hills, near Dubai Studio City and Arabian Ranches, a large residential neighbourhood popular with expats. (YouTube)
February 9th, 2017 - 01:00 GMT

Trump's sons to officially open Trump International Golf Club at Damac Hills Dubai

Almost 3,000 textile workers in Mahalla El-Kubra, mostly women, staged a strike on Tuesday to demand better pay. (Ahram)
February 9th, 2017 - 12:00 GMT

Egypt: Fearing dismissal, Mahalla textile workers end strike

Gartner analysts will examine key industry trends during Gartner Symposium/ITxpo 2017 in Dubai, 28 February – 2 March.  (Shutterstock)
February 9th, 2017 - 11:00 GMT

MENA public cloud services market expected to reach nearly $2M by 2020: Gartner

Egypt owes $3.5B  to foreign oil companies but a foreign currency shortage has made the drawing down of those debts more difficult. (File photo)
February 9th, 2017 - 10:00 GMT

Egypt repays $630M debt to Eni for Zohr gas field development

The new directive comes following the abrupt Saudization of the kingdom’s mobile market last year. (File photo)
February 9th, 2017 - 09:00 GMT

Saudization directive for motor insurance industry comes into effect July 2

The report indicated that Jordan is placing a heavy emphasis on solar and wind power projects. (PV magazine/Samer Zawaydeh)
February 9th, 2017 - 08:00 GMT

Clean energy investments gain momentum in Jordan

Aramco's IPO, which is predicted to raise about $100 billion, is set to yield millions of dollars in fees and push Moelis up in global investment bank rankings. (File photo)
February 9th, 2017 - 07:00 GMT

Saudi Aramco names boutique bank Moelis to advise on historic IPO

The Arab Bank announced over a week ago that its net profits after taxes rose by 20 percent to $533 million in 2016 compared to $442 million in 2015. (File photo)
February 9th, 2017 - 06:00 GMT

Lebanon: Hariri family offloads 20 percent stake in Arab Bank for $1.12B

In addition to stadiums, Qatar is also undertaking huge and costly projects such as roads, a new airport and hospitals. (File photo)
February 9th, 2017 - 05:18 GMT

Qatar's World Cup 2022 splurge reaches nearly $500M a week

The partnership will see the two setup the Professional Council for Tourism and National Heritage focused on boosting Saudization. (File photo)
February 8th, 2017 - 12:00 GMT

Saudization drive targets tourism sector

OPEC countries agreed with exterior independent producers, including Russia, to reduce their product around 1.8 million barrels per day for six months starting from January.  (File photo)
February 8th, 2017 - 11:00 GMT

Oil production cut compliance rate hits highest level in history of OPEC

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