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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 framework deal signed last year called for up to $5 billion in total investments in offshore Egypt. (File photo)
December 13th, 2016 - 08:00 GMT

Eni sells 30 percent stake in Zohr gas field to Russia's Rosneft for $1.6B

Dubai is aiming for an environmentally-friendly energy mix, with 25 percent from solar energy, 7 percent each from nuclear power and clean coal, and 61 percent from gas by 2030. (WAM)
December 13th, 2016 - 07:02 GMT

ACWA-DEWA JV receives $2.47B financing for clean coal project

Expats will no longer need approval from their existing employer to change jobs if they complete the length of a fixed-term contract. (File photo)
December 13th, 2016 - 06:00 GMT

Qatar's new labor law abolishes controversial kafala system

A work plan for the first stage of development calls for about 1.2 billion cubic feet of natural gas per day through an investment of between $3.5 billion and $4 billion. (File photo)
December 13th, 2016 - 05:18 GMT

Israel's Leviathan gas deals estimated to reach $2B


The survey shows support for Small and Medium size Enterprises (SMEs) is important for economic diversification. (File photo)
December 12th, 2016 - 01:00 GMT

Tourism, trade, technology are key factors in MENA diversification: Survey

The majority of assembly members won their seats on November 25 by vowing to reject government austerity measures that impact Kuwaiti citizens. (AFP/Amr Ahmad)
December 12th, 2016 - 12:00 GMT

Kuwait: Infrastructure and austerity expected as part of new economic plan

 
Kurdistan Prime Minister Nechirvan Barzani called the deal as a significant step that will help improve the daily lives of the citizens of Erbil and Sulaimani. (File photo)
December 12th, 2016 - 11:00 GMT

UK's Biwater secures $1.2B water infrastructure contract in Kurdistan


The bulk of the cuts—300,000 barrels a day—have been pledged by Russia, which produces more crude oil than any other country. (Shutterstock)
December 12th, 2016 - 10:00 GMT

Oil prices surge after non-OPEC countries join production cut

The talent requirements for finance and tax professionals will exponentially increase as the VAT rollout approaches.  (Shutterstock)
December 12th, 2016 - 09:00 GMT

VAT implementation will generate thousands of finance jobs in the UAE

Egypt devalued the currency by about a third from the former peg of 8.8 against the dollar and allowed it to drift lower. (File photo)
December 12th, 2016 - 08:00 GMT

Egyptian pound needs time to find equilibrium: Sisi

16 per cent of the electricity consumption in Jordan is drawn by the water sector. (File photo)
December 12th, 2016 - 07:00 GMT

Jordan inks $250M World Bank loan for water and energy sectors

The feasibility study is in its fifth week now and apart from looking at route alignment and right-of-way issues, it is also exploring ways to integrate with the existing master plans for 2020 and 2030. (File photo)
December 12th, 2016 - 06:00 GMT

Double the distance: 40 km Hyperloop network projected for Expo 2020

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