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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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Saudi Arabia's commercial courts started operating last month in Riyadh, Jeddah and Dammam. (Shutterstock)
October 16th, 2017 - 12:26 GMT

Saudi Arabia Launches Commercial Courts to Protect Foreign Investors

The currency flotation has made property prices more affordable for Saudis and Egyptians living abroad. (File photo)
October 16th, 2017 - 11:49 GMT

With Apartments Starting at $80,000, Saudis Flock to Egypt to Buy Property

Qatar's Emir Sheikh Tamim bin Hamad Al Thani inspects an honor guard during a welcome ceremony in Kuala Lumpur, Malaysia, on October 16, 2017. (Vincent Thian/ AP)
October 16th, 2017 - 11:00 GMT

Qatari-Malaysian Economic Forum Kicks off as Emir Begins Asia Tour

Oil prices settled at a two-week high on Friday, as geopolitical uncertainty in the Middle East raised the threat of supply disruptions. (AFP/ File)
October 16th, 2017 - 09:28 GMT

Oil Prices Soar on Rising Iraqi-Kurdish Tensions

Royal Jordanian had approved a new turnaround plan last week. (Don Emmert/ AFP)
October 15th, 2017 - 01:36 GMT

Royal Jordanian Vows to Make Profit in 2017 With 'Turnaround Plan'

Kuwait cracks down on non-degree holders and vows to punish violating companies. (AFP/ File)
October 15th, 2017 - 01:04 GMT

University Degree Obligatory for Residency Renewal: Kuwaiti Minister

The 286 Jazan islands are one of the biggest island groups in the southern part of Red Sea. (AFP)
October 15th, 2017 - 12:50 GMT

Islands for Sale: 286 Islands Looking for Investors in Saudi Arabia

Government-owned master developer Dubai Holding is believed to be reassessing the project. (File photo)
October 15th, 2017 - 12:35 GMT

Dubai Holding Puts $20.2 Billion Jumeirah Project on Hold

A total of $16.3 billion in remittances was sent to Egypt between November 2016, when Egypt floated its currency, and August this year. (File photo)
October 12th, 2017 - 01:27 GMT

Remittances From Egyptian Expats up 40 Percent in August 2017: Central Bank

According to Turkey's Deputy Prime Minister Mehmet Simsek, the US-Turkey visa row is only a temporary dispute that will be resolved soon. (AFP)
October 12th, 2017 - 01:03 GMT

Turkey-US Visa Row Likely to Be Resolved Soon: Deputy PM

The cost of bribery in Kuwait is $2 billion a year, or two percent of the country's total GDP. (File photo)
October 12th, 2017 - 12:46 GMT

Bribes Cost Kuwait $2 Billion a Year: IMF

The bank said it is committed to supporting only those companies with a greener agenda. (Eric Piermont/ AFP)
October 12th, 2017 - 12:38 GMT

Paris-Based BNP Paribas Says It Will No Longer Back Oil

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