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May 14th, 2026 - 11:29 GMT

Sally Shakkour

Cuba has 'ZERO' diesel and fuel oil over Strait of Hormuz blockade

ALBAWABA - Cuba has run out of diesel and fuel oil as gas stations are totally empty due to the blockade imposed by the United States of the Strait of Hormuz amid tension with Iran, Reuters reported Thursday. U.S. President Donald Trump imposed a blockade on Iranian ports in response to the Iranian Navy's closure of the Strait of Hormuz following the military attacks on Tehran by Washington and Tel ...

Youth unemployment in the region is the highest globally at 23.2 percent.

February 6th, 2013 - 01:08 GMT

Youth unemployment in Arab region is highest in the world: International Labour Organization

It wants to replace the system with targeted subsidies, which would see only the most deserving members of society qualify for cheaper goods.

February 6th, 2013 - 12:59 GMT

Bahrain set to slash government spending on subsidies

Gas prices in Lebanon are continuing to rise, new figures show

February 6th, 2013 - 11:30 GMT

Gas prices in Lebanon keep on rising

Workers at Egypt's Ain Sokhna port are taking industrial action demanding employment contracts with port managers

February 6th, 2013 - 10:08 GMT

Workers on strike at Egypt's Ain Sokhna port

Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud, replaced the head of the Capital Market Authority (CMA) yesterday

February 6th, 2013 - 09:45 GMT

Saudi King replaces CMA boss

According to an industry executive, returns on Qatari railway investment could top $38 billion

February 6th, 2013 - 09:32 GMT

Returns could be big on Qatari railways

A German fund is to help Lebanese SMEs in an effort to boost the economy

February 6th, 2013 - 08:44 GMT

Lebanon’s SMEs to benefit from $20 million from German fund

Egypt's Central Bank revealed yesterday that net foreign reserves fell by $1.4 billion in January

February 6th, 2013 - 04:00 GMT

Egypt's foreign reserves drop dramatically

Air Arabia carried record numbers of passengers last year

February 5th, 2013 - 01:06 GMT

Air Arabia passenger numbers taking off

The Emirates national oil company, ENOC, is shunning Iranian oil in favour of Qatari crude

February 5th, 2013 - 12:15 GMT

Emirates oil company shuns Iran in favour of Qatar

Egypt is set to finalise an economic plan to secure a $4.8 billion IMF loan next week

February 5th, 2013 - 11:32 GMT

Egypt to finalise economic plan next week

Standard and Poors, which downgraded Egypt's economic outlook recently, is facing legal action in the US over the subprime financial crisis

February 5th, 2013 - 10:51 GMT

No friend of Egypt's economy: S&P versus US in mortgage ratings trial