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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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Failaka Island, Kuwait. (Panoramio)
November 22nd, 2016 - 01:30 GMT

Kuwait pines for the island life with $132B development plan

Jordan opened the door to the recruitment of domestic helpers from Ghana, among other countries, in 2015 to meet the rising demand. (Shutterstock)
November 22nd, 2016 - 12:30 GMT

Jordan halts recruitment of Ghanian maids after slew of HIV-positive diagnoses

Egypt's banks had attracted about $1.4 billion in the first six days in which lenders began operating under the newly liberalised exchange rate. (File photo)
November 22nd, 2016 - 11:30 GMT

Egypt amasses $3B following currency flotation

The self-made billionaire and chairman of Al Habtoor Group ranks 335 on Forbes World's Richest People list. (Habtoor)
November 22nd, 2016 - 10:30 GMT

Khalaf Al Habtoor calls for pan-GCC economic bloc, common currency independent of dollar

The central bank chief noted that there has been no growth in the restructuring of loans by borrowers. (File photo)
November 22nd, 2016 - 09:30 GMT

Oman's Central Bank eases provisions for restructured loans

King Salman bin Abdulaziz restructured the ministries responsible for handling water and energy policies in May 2016. (Wikimedia Commons)
November 22nd, 2016 - 08:30 GMT

Saudi Arabia moves to modernize water and energy sectors

The IIF added that Lebanon would post the second smallest increase in net capital inflows among emerging markets in 2016. (File photo)
November 22nd, 2016 - 07:30 GMT

Positive net capital inflows to Lebanon expected for 2106

Ministers and officials have said OPEC was moving closer towards dealing with sticking points and most members were prepared to offer Iran flexibility on production volumes. (File photo)
November 22nd, 2016 - 06:43 GMT

Dollar edges lower on OPEC meeting progress

COMCEC convenes annually at the ministerial level in Istanbul under the chairmanship of Turkey’s president "to address the common problems of the Muslim world.” (Twitter)
November 22nd, 2016 - 05:30 GMT

Islamic finance in the spotlight at OIC's COMCEC in Istanbul

Under the new guidelines, citizens of the US, Canada, UK and Ireland holding a five-year multiple re-entry visa to Bahrain will be able to stay longer in the country. (Shutterstock)
November 21st, 2016 - 01:30 GMT

Bahrain unveils new visas to boost tourism

In the GCC, for example, 51 percent of young Arabs said they were not concerned about the environment and climate change. (Shutterstock)
November 21st, 2016 - 12:30 GMT

Arab youth most worried about Daesh, least concerned about the environment

Shares of all three banks were suspended 15 minutes after the market opened, but resumed later after the statements from each bank were issued. (File photo)
November 21st, 2016 - 11:30 GMT

Abu Dhabi stocks drop as ADCB, UNB, ADIB deny merger rumors

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