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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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Rouhani emphasized that the prospects will be specifically positive in light of the country’s recent “victory” in OPEC to move ahead with its crude oil production and export plans with no limitations.  (File photo)
December 5th, 2016 - 09:00 GMT

Iran budgets on oil at $50 in 2017

Residents criticised the company’s “vague” plans to rehabilitate the site, which they said “disregard the responsibility towards the people of Fuheis over the past 65 years”. (File photo)
December 5th, 2016 - 08:00 GMT

Jordan: Residents unconvinced by plans for Lafarge's eco-friendly urban development

SAMA is considered Saudi Arabia’s most professional authority of organization in the Kingdom’s banking sector. (File photo)
December 5th, 2016 - 06:11 GMT

Saudi Arabian Monetary Agency denies data breach

Imported goods from parties that have free trade agreements with Egypt such as the EU, the COMESA African grouping, the Arab region and Turkey would not by affected by the new decision.
December 5th, 2016 - 06:04 GMT

Egypt defends luxury import tax hike to support local industries

The Labor Ministry had previously announced a steeper penalty for companies and institutions that fire Lebanese employees in favor of foreigners working under false titles. (Shutterstock)
December 4th, 2016 - 01:24 GMT

Lebanon sounds warning against unfair dismissals

Lionhorn boasts more than 20 years of experience as the Developmental Licensee (DL) for the nearly 100 McDonald's restaurants in the Western and Southern regions of Saudi Arabia. (Twitter)
December 4th, 2016 - 12:00 GMT

Saudi Arabia's Lionhorn acquires franchise rights to McDonald's Singapore, Malaysia

Copper cables have the capacity to provide users with a maximum internet speed of 8 megabytes per second, while fiber optics can provide households with an average of 100 megabytes per second.
December 4th, 2016 - 11:00 GMT

Lebanon: 85 percent of population will have fiber optic service by 2017

Eventually, up to 2 billion cubic metres of seawater will be transferred from the Red Sea to the Dead Sea annually under the Red-Dead project. (Shutterstock)
December 4th, 2016 - 10:00 GMT

Jordan raises $400M for first phase of Red-Dead project

The halal market includes not only food products and food services, but also pharmaceuticals, cosmetics, personal care products, and banking. (Shutterstock)
December 4th, 2016 - 08:00 GMT

International companies ramp up investment in halal food industry

The investment vehicle will be seeded with two of DP World’s Canadian container terminals, with CDPQ acquiring a 45 percent stake of the combined assets.
December 4th, 2016 - 07:00 GMT

DP World partners with Quebec's Caisse to create $3.7B investment platform

Tadawul’s previous sector classification had limitations as it was not based on global classification standards. (File photo)
December 4th, 2016 - 06:08 GMT

Saudi Tadawul to comply with Global Industry Classification Standard

In May, the General Authority for Petroleum announced an international tender for 11 oil and natural gas blocks in the western desert and Gulf of Suez. (File photo)
December 4th, 2016 - 06:00 GMT

Egypt receives bids worth $200M for oil and gas exploration

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