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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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A number of Egyptian investors took out a full-page newspaper advertisement calling on President Sisi to take "emergency measures" to save Egyptian companies. (File photo)
December 29th, 2016 - 07:30 GMT

Staving off bankruptcy: Egypt's central bank approves forex debt arrangement for local companies

OPEC and non-OPEC members agreed to meet Jan. 13 to review compliance with recent agreements to start cutting production next week. (File photo)
December 29th, 2016 - 06:30 GMT

As oil production cut compliance date nears, Iraqi statement edges crude prices higher

Russia is among the emirate's top 20 source markets. (Shutterstock/Ardiwebs)
December 29th, 2016 - 05:48 GMT

Dubai tourism: The Russians are back thanks to rebounding rouble

The UAE education ministry has launched a campaign for retired teachers to possibly return to the profession. (UAEinteract.com)
December 28th, 2016 - 01:00 GMT

UAE's acute teacher shortage remains a pressing concern

Approximately a year ago, ABK completed the acquisition of Piraeus Bank Egypt for $150 million. (LinkedIn)
December 28th, 2016 - 12:30 GMT

Al Ahli Bank of Kuwait launches rebranded ABK in Egypt after Piraeus Bank takeover

MEA Chairman Mohamad al-Hout announced previously that the Middle East Airlines is negotiating the acquisition of four additional wide-body aircrafts to beef up its current fleet. (Wikimedia Commons)
December 28th, 2016 - 12:00 GMT

Lebanon: SGBL to finance MEA's Airbus purchase

Exhibition stand at Playworld Middle East in Dubai. (Nstands.com)
December 28th, 2016 - 11:00 GMT

It pays to play: UAE drives MENA demand for children's toys

Egypt currently has 12 natural gas field development projects underway worth a total of $33 billion in investment
December 28th, 2016 - 10:00 GMT

Egypt: Italy's Eni to explore two more Mediterranean gas fields

The new total charges will bring in more than OMR100m annually, if passenger numbers remain at similar levels. (File photo)
December 28th, 2016 - 09:06 GMT

The cost of Oman's new 'security tax' will be passed on to passengers

The delay stems from an agreement between Emirates and engine supplier Rolls-Royce Group Holdings. (Wikimedia Commons)
December 28th, 2016 - 07:30 GMT

Airbus confirms delivery delay of 12 A380 jets to Emirates

Tourism in Egypt has been struggling since Russia and a number of European countries suspended in late 2015 passenger flights to the popular Egyptian resort of Sharm El-Sheikh. (Shutterstock)
December 28th, 2016 - 06:32 GMT

Egypt's central bank announces $262M fund to upgrade tourist facilities

Asfan's first phase of development was implemented on 1.2 million sq. meters following high technical standards. (File photo)
December 28th, 2016 - 05:38 GMT

Saudi Arabia's new industrial smart city takes shape in Asfan

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