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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 ...

The Central Bank of Egypt is trying to stop a currency flight from the country

January 1st, 2013 - 08:00 GMT

Egypt: New currency controls to curb dollar speculation, bankers claim

Jordan and Kuwait have signed key GCC-backed contracts work $259.5 million

January 1st, 2013 - 03:00 GMT

Jordan and Kuwait sign project contracts worth $259.5 million

China’s crude oil imports from Iran fell 31 per cent in November , with traders citing delivery delays by Iranian tankers because of tough Western sanctions.

December 31st, 2012 - 12:28 GMT

Iranian oil exports to China drop due to sanctions

Citing Western sanctions against Iran, South Korean oil imports from Iran have dropped dramatically

December 31st, 2012 - 12:20 GMT

South Korean oil imports from Iran drop

Egyptian President Mohammed Mursi said Monday that the country’s currency situation will “balance out within days,” in an effort to calm fears

December 31st, 2012 - 11:52 GMT

Morsi: Currency situation will “balance out within days”

Iran has held a simulated cyber attack as part of military drills in the key oil trading route, the Strait of Hormuz

December 31st, 2012 - 10:43 GMT

Iran stage cyber warfare drills

Media reports suggest that a further $300 million in Mubarak's assets have been frozen in Switzerland

December 31st, 2012 - 10:35 GMT

Swiss freeze $300 million of Mubarak assets, according to reports

Bahrain has signed six financing agreements totalling $448 million with the Saudi Development Fund

December 31st, 2012 - 10:16 GMT

Bahrain signs Saudi-backed GCC development projects

Iraq is to refuse payment to the semi-autonomous Kurdistan region in a long running dispute over oil rights

December 31st, 2012 - 08:56 GMT

Iraq-Kurdistan feud rumbles on as Baghdad withholds payment

Poverty in Jordan is creeping up

December 31st, 2012 - 08:41 GMT

Jordan's poverty rate creeps up

The construction sector’s contribution to the UAE’s GDP is expected to reach 11.1 per cent by 2015

December 31st, 2012 - 08:00 GMT

Construction helps build UAE's GDP

The Egyptian pound plummeted to an eight year low against the US dollar yesterday

December 31st, 2012 - 04:00 GMT

Egyptian pound slides against US dollar