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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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In October last year, RTA signed an agreement with Dubai-based Careem to allow the public to book the RTA's fleet of about 9,800 taxis via the Careem app. (File photo)
January 23rd, 2017 - 01:30 GMT

Dubai's RTA distances itself from Careem fare hike

The Muslim market, 72 per cent of which originated from OIC countries, is the second largest travel market next only to China ($168 billion) and ahead of the United States ($147 billion). (Shutterstock/Anton Gvozdikov)
January 23rd, 2017 - 12:30 GMT

UAE, Malaysia, Turkey top halal travel destinations: Global Islamic Economy report

From January, Starz Play will have access to hit TV shows such as superhero show The Flash, fantasy comic series DC’s Legends of Tomorrow, action-adventure Supergirl, and the mysterious crime drama Blindspot. (Screenshot)
January 23rd, 2017 - 11:30 GMT

Starz Play Arabia expands portfolio with landmark Warner Bros deal

HyperloopTT chairman and co-founder Bibop Gresta said the backing meant the company had surpassed $100m in investment. (Live science)
January 23rd, 2017 - 10:30 GMT

Abu Dhabi-Al Ain hyperloop route gets royal backing

The SABIC-Shell joint venture includes six world-scale petrochemical plants with a total output of more than 4m metric tons per year. (File photo)
January 23rd, 2017 - 09:30 GMT

SABIC buys out Shell's share in petrochem joint venture

In April of 2016, Saudi Arabia said it was considering a US-style green card system to help reduce remittances. (File photo)
January 23rd, 2017 - 08:30 GMT

Saudi Arabia denies levy on expat remittances

The proposed securities law will allow more freedom to agencies like Muscat Securities Market and Muscat Clearing and Depository Company.  (Times of Oman)
January 23rd, 2017 - 07:30 GMT

Oman's stock market watchdog proposes new securities law

Under the December 10 agreement, producers will lower output by nearly 1.8 million barrels per day (bpd) aiming to ease a global glut that has weighed on oil prices for more than two years.  (AFP/Joe Klamar)
January 23rd, 2017 - 06:30 GMT

OPEC launches oil cut compliance committee

This year will also see Bvlgari opening hotels in Beijing and Shanghai, which will be followed by a Moscow presence in 2018-19.  (MyLuxury.it)
January 23rd, 2017 - 05:31 GMT

Bvlgari apartments to bring a touch of bling to Dubai's Jumeirah Bay Island

“If you include Turkish and Iran Air, the order book comes to a massive 1,058 passenger aircraft,” said Maurice Faber, regional managing director of Olympus Middle East and Africa. (File photo)
January 22nd, 2017 - 01:30 GMT

MENA airlines boost fleets by 650 aircraft

Mubadala has interests in aerospace, oil and gas, semiconductors, information and communications technologies, utilities, capital investments, real estate and infrastructure.  (Mubadala)
January 22nd, 2017 - 12:28 GMT

Abu Dhabi's Mubadala, IPIC merger formalized to create investment powerhouse

Led by Saudi Arabia, all GCC countries are facing mounting deficit due to the plunging oil revenue.  (Shutterstock/Clicksahead)
January 22nd, 2017 - 10:00 GMT

Oman's budget deficit reaches $12.7B

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