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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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Unemployment was most prevalent among the 15-19 and 20-24 age groups, reaching 46 and 40 per cent respectively.
September 3rd, 2019 - 08:00 GMT

Jordan’s Unemployment Rate Increases to 19.2 Percent

Meanwhile, the remittances of Saudis abroad rose by 20 percent to SR5.42 billion in July.
September 3rd, 2019 - 07:30 GMT

Expats’ Remittances in Saudi Arabia Fall to SR11.46 Billion in July

Last month, the Central Bank of Egypt (CBE) cut the overnight deposit rate by 150 basis points to 14.25 percent.
September 3rd, 2019 - 07:00 GMT

Egypt Cuts Interest Rates to Ease Pressure on Budget

The average sale price in August was $56.77 a barrel, generating about $6.341 billion in revenue
September 3rd, 2019 - 06:35 GMT

Iraq's Oil Exports Soar to 3.6 Million bpd in August

Dubai property shares rose following the announcement, led by a 3.4% jump in Emaar Properties.
September 3rd, 2019 - 06:05 GMT

New Commission Created in Dubai to Study The Needs of Real Estate Market

Qatar has sought to further its ties with Iran as the country could provide a major economic lifeline during the blockade.
September 2nd, 2019 - 01:30 GMT

Iran Grants Qataris On-Arrival Tourist Visas

Washington and Beijing stepped up their fight on Sunday by imposing additional tariffs on billions of dollars of each other’s goods.
September 2nd, 2019 - 01:00 GMT

China Manufacturing Demand Weak Amid Escalating Trade War

Women's participation is particularly strong in the public sector.
September 2nd, 2019 - 12:30 GMT

UAE Central Bank Demands Banks to Treat Customers Equally Regardless of Gender

The figure stood at 51.1pc in June this year, compared with 39.4pc in June 2018.
September 2nd, 2019 - 12:00 GMT

Bahrain Aims to Attract 15 Million Tourists a Year by 2022

Turkish government aims an economic growth rate of 2.3% this year
September 2nd, 2019 - 11:30 GMT

Turkey's GDP Totals Nearly $175 billion in Q2 2019

To attain a 4.7 percent tourism share of GDP, Iran will require $21 billion worth of investment.
September 2nd, 2019 - 11:00 GMT

Iran’s Tourism Sector Requires $21 Billion Worth of Investment

The remarkable growth in national savings has reflected positively on the rest of the country's economic indicators
September 2nd, 2019 - 10:30 GMT

UAE’s Gross Domestic Savings Hit $140 Billion in 2018

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