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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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Egypt's sole gold-exporting mine owned by Australian company Centamin, had paid the government $40 million in profits and $80 million in concession fees since July 2016. (Shutterstock)
January 11th, 2017 - 12:00 GMT

Egypt goes for gold exploration with upcoming mining tenders

A desire to diversify investment beyond the domestic market has also been a key driver for Saudis investing in Dubai real estate. (Shutterstock)
January 11th, 2017 - 11:09 GMT

Saudi thirst for Dubai properties undeterred by low oil prices

Urban consumer inflation hit an eight-year high of 19.4 percent in November, when Egypt abandoned its currency peg of 8.8 to the dollar.  (Shutterstock)
January 11th, 2017 - 10:00 GMT

Egypt: Inflation reaches second eight-year high as pound continues to plummet

Arrivals at Jeddah Airport. (AFP/Fayez Nureldine)
January 11th, 2017 - 09:00 GMT

Saudi Arabia to fast-track business visas for foreign investors within 24 hours

Earlier this month ratings agency Fitch set  Oman’s long term foreign and local currency issuer default rating to BBB with a stable outlook. (File photo)
January 11th, 2017 - 08:00 GMT

Oman rejects reports on 'secret' Gulf talks for multi-million dollar Central Bank deposit

Mecca's Chamber of Commerce estimates losses at SR60billion as a result of the curb on visitor numbers.  (Shutterstock/Nawawi Malezya)
January 11th, 2017 - 07:00 GMT

Mecca businesses cheer lifting of cut to limit Haj pilgrims

Lebanese President Michel Aoun's visit to Riyadh aims to restore ties. (Saudi Press Agency)
January 11th, 2017 - 06:00 GMT

Lebanon, Saudi to finalize agreement to prevent double taxation

The equation targeted by the plan is as follows: 44 per cent clean energy, 38 per cent gas, 12 per cent clean coal and 6 per cent nuclear. (Twitter)
January 11th, 2017 - 05:00 GMT

UAE's 2050 energy plan aims to save $191B, push clean energy

The design for the expansion of the airport has already been completed. (Shutterstock/EQ Roy)
January 10th, 2017 - 12:30 GMT

Qatar's international airport expansion will boost capacity to 65 million passengers

Attracting foreign oil companies to Lebanon depends on the market conditions. (Shutterstock)
January 10th, 2017 - 11:30 GMT

Lebanon's offshore oil and gas licensing: A cautious approach in an unstable market?

Officials are hoping to enhance tourism in the ‘city of roses’, which is known for its orchards, greenery and ruins. (Saudi Tourism)
January 10th, 2017 - 10:30 GMT

Saudi Arabia presses forward with plans to develop Taif into summer resort

The contract is Petrofac's eleventh in Oman, where they have been operational since 1988. (Petrofac Tunisia)
January 10th, 2017 - 09:30 GMT

Oman: Petrofac inks $600M gas contract in Salalah

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