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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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The country’s Article 88 Labour Law allows firms to fire workers for poor financial performance, low revenue and a general economic slowdown.  (AFP/Hassan Amar)
January 26th, 2017 - 10:00 GMT

Saudi layoffs 'lack creativity' in dealing with downturn: Experts

The ocean tank will have 1.7 million litres of sea water and will be stocked with fish and sharks from the coasts of Oman.  (Crossley Architects)
January 26th, 2017 - 09:00 GMT

Oman's Palm Mall Aquarium on track for 2018 opening

The index reflected an increase in “petty corruption” among some public servants, suggesting that corruption is no longer limited to those with influence and power.  (Shutterstock)
January 26th, 2017 - 08:00 GMT

Not squeaky clean, but Jordan improves ranking on anti-graft index

The project is aimed at helping ease travel for millions of religious pilgrims who visit the Iraqi city of Karbala each year.  (Adp-i)
January 26th, 2017 - 07:00 GMT

UK's Copperchase wins contract for Iraq's Mid-Euphrates Airport revamp

Libya aims to produce around 1.3 million barrels of oil per day by the end of this year and raise that to 1.6 million bpd by 2022. (AFP/Leon Neal)
January 26th, 2017 - 06:00 GMT

Libya opens up oil sector to foreign investment

Part of the famous Nubian sandstone quarries by Gebel el-Silsila in Upper Egypt has recently been made accessible to visitors by a short "tourist path". (Quarryscapes.no)
January 26th, 2017 - 05:10 GMT

Egypt appeals for $400M in World Bank project financing

The initiative – part of Dubai’s Plan 2021 – aims to increase the contribution of SMEs to the emirate’s GDP. (Shutterstock/Mikadun)
January 25th, 2017 - 12:00 GMT

Dubai introduces SME classification system to support financing

THe NBI was launched as “a forum for consultation and coordination among the Basin States for the sustainable management and development of the shared Nile water and related resources." (Shutterstock)
January 25th, 2017 - 12:00 GMT

Egypt mulls return to the Nile Basin Initiative

Headquarters of the Central Bank of Sudan. (CBOS)
January 25th, 2017 - 11:00 GMT

Abu Dhabi Fund donates $400M to Central Bank of Sudan

With Trump considering measures to tighten border security, he could turn his attention to the refugee issue later this week.  (AFP/Nicholas Kamm)
January 25th, 2017 - 10:00 GMT

Trump expected to issue executive order to block refugees from 'dangerous' Muslim countries


To score business conditions, the index looked at the strength of the service sector, urbanisation, security, foreign investment, wealth distribution, and the levels of bureaucracy and regulation confronted by businesses.
January 25th, 2017 - 09:00 GMT

Gulf countries dominate top ten on emerging market logistics index

The return to normalcy, election of the president and creation of a government will encourage investors and depositors to pump money in Lebanon again, an economist predicted. (File photo)
January 25th, 2017 - 08:00 GMT

Lebanon: Capital inflows expected to rise by 20 percent in 2017

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