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Hormuz Strait
August 15th, 2026 - 12:17 GMT
Osama Ali

Osama Ali

Washington is coming for Iran's wallet

ALBAWABA - The United States is developing a new, wide package of economic measures aimed at increasing pressure on Iran, with senior officials describing the planned penalties as among the harshest ever imposed on a single country. The approach will blend financial sanctions, stepped-up maritime enforcement and calibrated military deterrence, but it will also leave diplomatic doors open to allow for the potential of future negotiations, a source familiar with ...
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Jordan and Iraq plan to increase cooperation in the transport field, including through twinning Aqaba and Basra ports. (File photo)
April 9th, 2018 - 09:03 GMT

Jordan, Iraq to Increase Aqaba-Basra Transport Cooperation

All eyes will be on escalating trade rhetoric in the week ahead as investors try to work out whether a series of tit-for-tat responses between the U.S. and China will end in negotiations or an all-out trade war. (Shutterstock)
April 9th, 2018 - 08:23 GMT

US-China Trade Wars: Top 5 Things to Watch in Global Markets This Week

Emirates is reportedly set to reduce the frequency of services on a number of routes to Europe, Asia and the US in the coming months. (File photo)
April 9th, 2018 - 08:15 GMT

Emirates to Cut Flight Frequency on US, Europe, Asia Routes

14.2 percent prefer the Tunisian product by "love for the motherland". (Shutterstock)
April 8th, 2018 - 12:00 GMT

50.6 Percent of Tunisians Believe in the Quality of the National Product

Saudi has reportedly announced plans to dig a 200 meters wide, 60 km in length maritime canal along its border with Qatar turning it into an island. (Shutterstock)
April 8th, 2018 - 10:55 GMT

Saudi Arabia Plans Massive Canal to Turn Qatar Into an ‘Island’

The Ministry of Environment, Water and Agriculture announced that corn, olives, grapes and pumpkins will be added to the list of crops banned for export. (Shutterstock)
April 8th, 2018 - 10:31 GMT

Saudi Arabia Adds 4 New Crops to Export Ban List: Sources

Revenues at high-end hotels in Oman has risen over 11 percent in one year, according to recent data. (Shutterstock)
April 8th, 2018 - 10:09 GMT

Oman: High-End Hotel Revenues Up 11 Percent in January

S&P expects the Kingdom to register modest economic growth this year thanks to rising government investment and an improvement in oil prices. (AFP/ File)
April 8th, 2018 - 09:58 GMT

Saudi Arabia's Economic Outlook Remains Stable: S&P

Bahrain put the size of its newest offshore discovery at 80 billion barrels, noting production could begin within the next five years. (File photo)
April 5th, 2018 - 11:00 GMT

Bahrain Estimates New Oil Discovery Has 80 Billion Barrels

Tourism receipts in Tunisia edged up by 23 percent by the end of March. (File photo)
April 5th, 2018 - 10:00 GMT

Tunisia Sees 23 Percent More Tourists in March, Revenues Hit $187 Million

UAE licences were previously only usable for driving and car hire in nine countries. (File photo)
April 5th, 2018 - 09:00 GMT

UAE Driving License Now Accepted in 50 Countries

The new theme park is expected to open in 2022 as part of the 334-square-kilometre Qiddiya ‘entertainment city’ south of Riyadh. (Shutterstock)
April 5th, 2018 - 07:58 GMT

Saudi Arabia Signs Theme Park Deal With US-Based Six Flags

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