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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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While entrepreneurs and Islamic finance startups readily advocate cryptocurrencies for what they are convinced are halal transactions, others keep thinking otherwise. (Shutterstock)
January 22nd, 2018 - 02:00 GMT

Cryptocurrencies, Haram or Halal?

Donald Trump has repeatedly claimed that the 24-year-old NAFTA deal is the "worst trade deal that the US has ever made." (Shutterstock)
January 22nd, 2018 - 01:00 GMT

‘Worst Deal Ever’: Will Donald Trump Terminate NAFTA?

Almost 90 percent of the electricity generated in 2017 was natural gas, the Jordan News Agency, Petra, reported on Sunday. (File photo)
January 22nd, 2018 - 12:15 GMT

Almost 90 Percent of Electricity Comes From Natural Gas: Jordan

Are unemployed Saudi youth simply lazy? In this article, Saudi writer Azzah Al-Sebaee tries to answer this question. (Shutterstock)
January 22nd, 2018 - 11:42 GMT

Opinion: Are Unemployed Saudis Simply Lazy?

OPEC and non-OPEC countries agreed during a meeting in Muscat to extend the agreement to cut crude oil production until end of this year. (AFP/ File)
January 22nd, 2018 - 09:49 GMT

OPEC, Non-OPEC Countries Agree to Extend Oil Output Cuts Till End of 2018

“Turkey’s economy is not an economy which will be affected by these kinds of small operations,” Turkish PM Binali Yildirim said. (AFP)
January 22nd, 2018 - 09:38 GMT

Operation Afrin in Syria Poses No Threat to Turkey’s Economy: Turkish PM

Saudi Arabia plans to build nine desalination plants for more than SR2 billion ($530 million) on the Red Sea coast, it said on Sunday. (Shutterstock)
January 22nd, 2018 - 09:15 GMT

Saudi Arabia, Largest Producer of Desalinated Water, to Build 9 More Plants

Britain’s biggest listed funeral services company, Dignity, is slashing the cost of its basic funeral by 25 percent with immediate effect, it said on Friday. Others are following suit. (Shutterstock)
January 21st, 2018 - 02:57 GMT

Has Brexit Made Funeral Services Cheaper in UK?

Bosnia has become a favored destination for Arab tourists and investors alike.  In the photo: Bosnian women take cover from the rain under umbrellas in Sarajevo, on January 15, 2014. (AFP)
January 21st, 2018 - 02:21 GMT

Arabs Hold Over 40 Percent of Bosnia’s FDI: Turkish Businessman

The rapid growth of US shale producers will shortly knock Saudi Arabia from second to third place, with only Russia ahead, the International Energy Agency said. (Shutterstock)
January 21st, 2018 - 12:29 GMT

Very Soon.. US Could Overtake Saudi Arabia in Oil Production

From Bill Gates to Marc Benioff, read on for some of the most notable technologists speaking at the World Economic Forum this year. (Shutterstock)
January 21st, 2018 - 12:12 GMT

World Economic Forum 2018: Bill Gates, Dara Khosrowshahi and Jack Ma Among Top Speakers

Borrowing money in the UAE could become more difficult as interest rates are expected to increase this year, in line with increases by the US Federal Reserve. (Shutterstock)
January 21st, 2018 - 10:26 GMT

Higher Interest Rates, the End of Easy Borrowing in UAE?

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