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US unfreezes major Iranian assets during talks over Hormuz
April 11th, 2026 - 10:14 GMT
Osama Ali

Osama Ali

US unfreezes major Iranian assets during talks over Hormuz

ALBAWABA - According to a senior Iranian source, the United States has consented to unfreeze Iranian financial assets stored overseas, which is viewed as a possible step toward furthering the two sides' continuing conversations. Speaking to Reuters, the person characterized the action as a show of goodwill and perhaps a step closer to a more comprehensive deal. Associated with Hormuz Security According to officials, the release of assets is contingent ...
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Al Bawaba
April 19th, 2015 - 12:50 GMT

UAE braces for Mars mission with new space center

The chairman was at the helm of Arabtec during last June’s market crash, following a dispute that led to the resignation of CEO Hasan Ismaik and the dismissal of much of the management team.
April 19th, 2015 - 11:49 GMT

Falling apart? Arabtec chairman, founder both call it quits

Al Bawaba
April 19th, 2015 - 05:55 GMT

Deteriorating oil, deteriorating budget: Moody downgrades Bahrain's ratings

Moqaddam said that Chinese banks are investigating a plan to finance Iranian projects at three times the amount of money Iran has in China (image: on file).
April 19th, 2015 - 04:55 GMT

A happy customer: China invested $21 billion in Iran's oil sector

Al Bawaba
April 19th, 2015 - 04:55 GMT

From fireworks to drones: Dubai ruler issues new aviation law

Al Bawaba
April 19th, 2015 - 03:55 GMT

Reaching out: Kuwait finalizes investment arm in Egypt

Turkey has been declared as the host for the conference on Halal Tourism- a sector that is currently worth $150 billion (Dh550.5 billion).
April 17th, 2015 - 11:36 GMT

A $150 billion potential: Turkey to host Halal tourism conference

Al Bawaba
April 16th, 2015 - 06:35 GMT

Ahlan wa sahlan: Saudi Arabia to open stock market to foreigners on June 15

Four new gas-powered power plants will have
a total capacity of 900 megawatts (image: on file).
April 16th, 2015 - 06:13 GMT

Power relations: Egypt signs $1.6 billion worth of energy with Kuwait

Al Bawaba
April 16th, 2015 - 08:31 GMT

Rising in the face of oversupply: Brent crude hits 2015 highs

Currency, interest rates and deposits showing signs of stability, according to central bank Governor Riad Salameh (image: on file).
April 16th, 2015 - 08:00 GMT

Lebanon's economy finally coping with Syrian crisis

In 2013, the IMF’s projections for real GDP growth was 2.2% (image: on file).
April 16th, 2015 - 07:45 GMT

Some optimism: IMF raises Egypt's growth forecast for 2015, 2016

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