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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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The plans will likely prove controversial after an attempt to cut perks and benefits at state-owned oil companies resulted in a three-day strike by employees earlier this year. (AFP/File)
November 9th, 2016 - 11:00 GMT

Kuwait to attempt to impose public sector wage cuts, again

Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal have been halted until further notice, suggesting a deepening rift between the two countries. (Shutterstock)
November 9th, 2016 - 10:00 GMT

Egypt turns to international spot market in the absence of Aramco oil deliveries

The study, conducted with consulting firm McKinsey and engineering design firm Bjarke Ingels Group, will work on proposed routes, designs and costs. (Hyperloop)
November 9th, 2016 - 09:00 GMT

Dubai hopes to be first city with working Hyperloop system in 2020

The ministry hopes that the attachés will fully organize the recruitment market and clean it of brokers. (File photo)
November 9th, 2016 - 08:00 GMT

Saudi Arabia to field labor attachés in seven countries where it hires workers

For Total, Chairman and CEO Patrick Pouyanne said it's a return to business that started more than 10 years ago. (File photo)
November 9th, 2016 - 07:00 GMT

Total signs agreement to develop Iran's massive natural gas complex

Many think that a Trump win could lead to geo-political uncertainties, protectionism, triggering a jump in the safe haven asset. (File photo)
November 9th, 2016 - 06:46 GMT

Prospect of Trump victory sparks gold rush

Should there be a Trump win, the sell-offs in global markets will be compounded by the markets having priced in a Clinton victory and were wrong. (AFP/William West)
November 9th, 2016 - 05:56 GMT

Global markets in shakeup as Trump surges in key states

Egyptian authorities dealt with the crisis in a way that didn't consider ordinary citizens, who will face great pressure as a result of the policies, the ECESR said. (AFP/File)
November 8th, 2016 - 02:00 GMT

Egypt's recent austerity measures are 'an economic war on the poor': ECESR


According to government statistics, most expat workers who come to Oman do so to work in the construction and auto industries. (Times of Oman)
November 8th, 2016 - 01:00 GMT

Oman: Higher work visa fees to boost government coffers by $384M annually

There is a slowdown in completion rate in Abu Dhabi compared to 2015 due to the current market conditions. (Shutterstock)
November 8th, 2016 - 12:00 GMT

Abu Dhabi property developers follow Dubai project slowdowns

The rise in municipal waste alone is expected to push the market potential up by 1.5 to 2 times in the next five years, said the study by Frost and Sullivan. (Shutterstock)
November 8th, 2016 - 11:00 GMT

A load of rubbish: GCC waste to reach 120 million tons a year by 2020

A committee headed by Deputy Crown Prince Mohammed bin Salman announced the payment package on Monday. (File photo)
November 8th, 2016 - 10:00 GMT

Saudi Arabia to clear its debts to private firms by next month: Deputy Crown Prince

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