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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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Deal making in the finance and consumer goods sectors will drop slightly in 2017 before rebounding in 2018. (Shutterstock)
January 22nd, 2017 - 09:00 GMT

MENA M&A activity to see uptick over next four years: Baker McKenzie

There’s probably less risk appetite in MENA than there is in other parts of the world, with people wanting to invest more in a proven business model than in a start-up.  (Shutterstock)
January 22nd, 2017 - 08:00 GMT

Middle East start-ups still struggling to secure funding

Economic activity in the Kuwait's non-oil sector has continued to expand, albeit at a slower pace, reflecting the impact of lower oil prices.  (Shutterstock/Riyas.net)
January 22nd, 2017 - 07:00 GMT

Oil prices push Kuwait to seek financing for the first time since 1988: IMF

The temporary stamp duty would replace the capital gains tax, which has been postponed since May 2015. (File photo)
January 22nd, 2017 - 06:00 GMT

Egypt's stock market tumbles following news of possible stamp duty

The Report: Qatar 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.  (Shutterstock/Colour World)
January 22nd, 2017 - 05:15 GMT

Qatar's non-oil investments gather pace

Universities in Beirut will each get one station of 12 bicycles, with the potential to add another if scheme proves popular.  (Facebook/Jawad Sbeity)
January 19th, 2017 - 01:00 GMT

Lebanon to pilot the country's first bike-sharing system in Beirut

Only the UAE and Kuwait are set to post surpluses by 2021, and analysts expect all GCC countries to remain in deficit in 2017. (File photo)
January 19th, 2017 - 12:00 GMT

GCC purse-tightening to persist for the long haul: Analysts

The State of the Future report was prepared in collaboration with 21 experts from organizations such as NASA, NYU Langone Medical Center, MIT, ConsenSys, and the SENS Research Foundation.  (Shutterstock)
January 19th, 2017 - 11:00 GMT

UAE releases 112 predictions on 'The State of the Future' at Davos

Yesterday’s protest followed a three-day strike over a new payroll system by national oil and gas workers last April. (AFP/File)
January 19th, 2017 - 10:00 GMT

Kuwait Oil Company workers protest plans for privatization

The most pressing changes required include enhancing the efficiency of the labor market, to allow workers to quickly move, at low cost, from one job to another. (AFP/Fabrice Coffrini)
January 19th, 2017 - 09:00 GMT

Davos 2017: MENA business leaders unveil six-point policy reform plan

Saudi Arabia’s Energy Minister Khalid al Falih at the World Future Energy Summit in Abu Dhabi.  (AFP/Nezar Balout)
January 19th, 2017 - 08:00 GMT

'No need to extend oil production cuts beyond six months': Saudi oil minister

Cycling is one of the fastest growing activities in Dubai, with an ever-increasing number of events, initiatives and groups promoting the sport. (Shutterstock/Philip Lange)
January 19th, 2017 - 07:00 GMT

Nakheel to build over 105 kms of bike tracks in Dubai

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