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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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Passenger traffic in MENA is expected to grow between 7 per cent to 10 per cent per annum next year. (File photo)
December 8th, 2016 - 09:00 GMT

Air Arabia to boost operations to Oman

The 23rd World Islamic Banking Conference took place 5-7 December 2016 in Bahrain. (Twiiter/WIBC2016)
December 8th, 2016 - 08:00 GMT

Urgent need for training to support growth of Islamic finance: SAMA chief

As with other major cities in Saudi, Makkah is facing an acute shortage of affordable housing. (File photo)
December 8th, 2016 - 07:00 GMT

Mecca hotel industry is a gold mine, but residents are being squeezed out: JLL

Arab Bank is one of the largest privately owned banks in the Arab world. (File photo)
December 8th, 2016 - 06:03 GMT

Saudi Oger sells 20 percent stake in Jordan's Arab Bank

OPEC and other producers meet again during the weekend to discuss the terms of last week's agreement from Vienna.
December 8th, 2016 - 05:39 GMT

Oil prices continue to dip despite OPEC efforts

The harsh current economic circumstances forced Al-Ahram printing services to raise costs as most of the materials used in the printing operation are imported and must be paid for in dollars. (AFP/File)
December 7th, 2016 - 12:30 GMT

Price hikes for printing may sound death knell for Egypt's newspapers

Saudi Arabia features amongst the leading markets for air conditioners across the globe.(Shutterstock)
December 7th, 2016 - 11:30 GMT

So cool it's hot: Saudi Arabia's $3.2B HVACR market driven by construction boom

Saudi King Salman bin Abdulaziz attends the GCC summit on December 6, 2016, in the Bahraini capital Manama. (AFP/Stringer)
December 7th, 2016 - 09:40 GMT

Saudi Arabia to allow British businesses five-year multiple entry visas

The People's Bank of China said the move was aimed at promoting trade and investment and maintaining financial stability in both countries. (AFP/File)
December 7th, 2016 - 08:50 GMT

Egypt to get $2.6B cash injection with Chinese currency swap deal

Mines in Afghanistan are a major source of lapis lazuli and other gemstones. (Pinterest)
December 7th, 2016 - 07:00 GMT

Afghanistan gets down to business in the UAE: Exhibition showcases exports

The UAE, specifically Dubai is aiming to become a global hub for the Islamic economy by 2020. (File photo)
December 7th, 2016 - 06:16 GMT

Islamic financing growth outpaces conventional banking in the UAE: Fitch

The cultural centre includes a performing arts centre, music centre,  concert halls, cinemas, conference centre, historical documents centre as well as libraries, parks, and fountains. (SSH)
December 7th, 2016 - 05:40 GMT

Kuwait unveils $775M Sheikh Jaber Al Ahmad Cultural Centre

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