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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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Presently, an average of 700 to 1000 megawatts of electricity are being exported to Iraq. (Pixabay)
January 9th, 2017 - 05:00 GMT

Iran to extend sale of electricity to Iraq

Latest government statistics also reveal that the number of skilled expatriate workers coming to Oman is going down. (File photo)
January 8th, 2017 - 12:00 GMT

Oman's expat exodus: Trend for departures continues as economy slowdown bites

On Nov. 3, the central bank floated the pound without covering the import backlog, leaving businesses millions of pounds in debt.  (File photo)
January 8th, 2017 - 11:00 GMT

Egypt's currency devaluation leaves importers on the brink of bankruptcy

The shipping route between Iran's Shahid Rajaee and the Omani port of Sohar was made operational on 4 February 2016. (MaritimeDirectory.com)
January 8th, 2017 - 10:00 GMT

Direct shipping line expected to boost Iran's exports to Oman to $600M

New taxes will be added to the existing ones, which are 100 percent on tobacco and alcohol, and that the total taxation on such products will become 200 per cent. (Pixabay)
January 8th, 2017 - 09:00 GMT

Price hike alert: GCC gears up for higher taxes on tobacco, soft drinks, luxury cars

The region's smart cities initiatives present an opportunity to grow cyber security expertise in areas where it doesn't exist elsewhere. (Shutterstock)
January 8th, 2017 - 08:00 GMT

GCC's smart cities present opportunities to grow local cyber security talent

Celebrity Constellation, MSC Fantasia and Aida Cruises and nine regional rotational callers are confirmed so far for Abu Dhabi's cruise season. (Presseportal)
January 8th, 2017 - 07:00 GMT

Smooth sailing: Abu Dhabi cruise sector marks record growth

In December, Russian President Vladimir Putin told Egyptian President Abdel-Fattah El-Sisi that Russian flights between Moscow and Cairo would resume 'soon'. (AFP/File)
January 8th, 2017 - 06:00 GMT

Russian delegation brings fresh hopes for resumption of flights between Moscow and Cairo

As falling oil revenues put pressure on budgets, the Chinese suppliers’ established reputation for value, combined with their increasing reputation for quality and innovation, make them highly competitive. (Shutterstock)
January 8th, 2017 - 05:25 GMT

China eyes MENA's lucrative solar panel market

The 13th edition of the UNWTO Awards on Innovation and Excellence in Tourism will commend some of the best examples of sustainable tourism around the world. (Shutterstock)
January 5th, 2017 - 12:00 GMT

UNWTO puts Middle East tourism in the spotlight in Spain

Under the timeline announced in March last year, shops owners were given just three months to make sure 50 percent of their staff were Saudi, and 100 percent by September.  (Shutterstock)
January 5th, 2017 - 11:00 GMT

Saudization of mobile sector: Who's to blame for the shortcomings in implementation?

Fitch said that the government is planning to meet two-thirds of its financing need through external debt issuance, and the remainder through reserve draw-downs. (File photo)
January 5th, 2017 - 10:00 GMT

Oman: Fitch forecasts growth as it maintains 'stable' outlook rating

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