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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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Egypt's debts to international oil and gas companies rose to $3.58 billion by the end of September, rising from $3.2 billion six months ago. (AFP/File)
November 15th, 2016 - 07:00 GMT

Oil giant BP plans $13B investment in Egypt by 2020

Several private sector companies in the region have announced extended maternity leave for their employees in recent years to entice them to return to the workplace. (Shutterstock)
November 15th, 2016 - 06:02 GMT

UAE extends maternity leave for government employees

More than one-third of MENA youth said they would rather work for themselves as entrepreneurs, higher than in all other regions. (Shutterstock)
November 14th, 2016 - 01:00 GMT

Millennials look to UAE for career advancement in region: WEF

Saudi nationals have been warned against harboring or employing illegal expatriates, and risk fines up to SR100,000, imprisonment
 andclosure of their establishments. (File photo)
November 14th, 2016 - 12:00 GMT

Absconding expat workers risk fines, lifetime bans from Saudi Arabia

Egypt has introduced a raft of economic reforms, including VAT and fuel price hikes, but these have also meant greater hardship for a population already facing high prices and sluggish growth. (AFP/File)
November 14th, 2016 - 11:00 GMT

Egypt seeks $800M European aid to help ease pressure on the poor

Features will include an adjoining café and restaurant, rooftop grill, health club, four meeting rooms, a 200-person capacity conference centre. (Gulf Business)
November 14th, 2016 - 10:00 GMT

IHG plans UAE's largest Holiday Inn at Dubai Festival City

Khaled Mohammed Abed Arrahman Abadi has been appointed as successor to Nahari. (File photo)
November 14th, 2016 - 08:30 GMT

Yemen's Central Bank sub-governor sacked for corruption, misconduct

After the initial launch in Saudi Arabia and the UAE, Noon plans to begin operations in the wider Gulf, Iraq and the Levant. (Arab News)

It 
(Arab News)
November 14th, 2016 - 07:30 GMT

Alabbar's billion-dollar, Saudi-backed Noon.com seeks to dominate regional e-commerce market

There are 2,689 poultry farms in Jordan. (Shutterstock)
November 14th, 2016 - 06:57 GMT

Jordan to increase sheep, poultry products to Gulf markets

Gulf States are rich in oil and have financial reserves and huge foreign investments but have been negatively affected by fluctuating oil prices. (File photo)
November 14th, 2016 - 06:42 GMT

Saudi plan to establish Gulf bloc would create sixth largest economy

The Portuguese construction major has already made inroads in the GCC with big contracts in Qatar and the UAE. (YouTube)
November 14th, 2016 - 06:17 GMT

Portuguese-Turkish consortium lands $281M contract for Oman's Duqm Port works

Even if US imports from Opec turn to zero, Opec's policy would still affect oil prices internationally and the US can never be isolated from the international market. (AFP/File)
November 13th, 2016 - 02:41 GMT

Trump policies expected to cause upheaval in oil markets

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