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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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Typically if a tenant decides to leave a property before the end of the contract, he/she pays around two or three months' worth of rent to the landlord. (Shutterstock)
January 31st, 2017 - 11:02 GMT

Oman: Short-term expat workers caught in debt by long-term tenancies

The labor office must consider finding alternative jobs for laid off Saudi staff at the current firm or any other firms belonging to the employer.  (AFP/Fayez Nureldine)
January 31st, 2017 - 10:05 GMT

Saudi labor ministry issues directive to prevent mass layoffs

Detail of ancient arabic carving, La Alhambra, Granada, Spain. (Shutterstock)
January 31st, 2017 - 08:00 GMT

Growing interest in Islamic finance at European business schools

King Salman and Donald Trump discussed the importance of enhancing economic, security and military cooperation.  (AFP/Fayez Nureldine)
January 31st, 2017 - 07:00 GMT

Saudi Arabia's King Salman takes Trump's call, approves VAT and selective taxes

Event preparations are on track with the majority of construction activities to be completed a full year ahead of the event opening in October 2020.  (Flickr/Jimmy Baikovicius)
January 31st, 2017 - 06:00 GMT

Dubai's Expo 2020 to award $101M in construction and non-construction deals

Starbucks operates nearly 600 stores in 12 countries in the MENA, employing more than 10,000 staff through its trading partner Alshaya Group, a privately-run Kuwaiti company. (Wikimedia Commons)
January 31st, 2017 - 05:18 GMT

Starbucks pledges to hire 10,000 refugees in response to Trump's visa ban

Airbnb CEO Brian Chesky expressed his support to the Muslim and refugee community in a Facebook message.  (Airbnb)
January 30th, 2017 - 01:00 GMT

Airbnb CEO offers free rooms to those hit by Trump's travel ban

To meet its financing needs, Egypt has sought funding from a variety of sources, from development loans to foreign grants and aid. (Shutterstock)
January 30th, 2017 - 12:56 GMT

After success of $4B Eurobonds, Egypt considers yen and yuan

The UAE received more than 600,000 Russian tourists in the past two years and there are 56 weekly flights between the two countries. (Shutterstock)
January 30th, 2017 - 11:00 GMT

UAE courts Russian tourists with visa on arrival scheme


Renewables are projected to be the fastest growing fuel source, growing at an average rate of 7.6 per cent per year. (Shutterstock)
January 30th, 2017 - 10:00 GMT

Emerging markets are changing global demand for energy: BP

Protestors gather at Los Angeles International airport's Tom Bradley terminal to demonstrate against President Trump's executive order effectively banning citizens from seven Muslim majority countries. (AFP/Konrad Fiedler)
January 30th, 2017 - 09:00 GMT

Trump's visa ban: Gulf airlines forced to turn away US-bound passengers

Lebanon’s banking sector is seen as the backbone of the country’s economy and the assets held by the lenders are more three times the size of economy. (AFP/File)
January 30th, 2017 - 08:00 GMT

Lebanon's big savers: Half of customer deposits held by less than one percent of depositors

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