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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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BP holds a 60 percent interest in the new project. (Courtesy of BP)
September 27th, 2017 - 12:09 GMT

BP Starts Production at Oman's Giant Khazzan Gas Field

Ajman University has just announced its first PhD program ever. (Shutterstock)
September 27th, 2017 - 11:53 GMT

Ajman University Announces First-Ever PhD Program

The listing brings the number of Sukuk listings by the bank on the exchange to eight. (AFP)
September 27th, 2017 - 11:41 GMT

Saudi Arabia’s IDB Lists $1.25 Billion Sukuk on Nasdaq Dubai

The move is part of a capital restructuring program agreed by shareholders. (AFP/ File)
September 27th, 2017 - 11:22 GMT

Drake & Scull Wins Approval for Capital Reduction, New Shares Listing

The diploma will be offered in the UAE and Saudi Arabia starting October this year. (File photo)
September 27th, 2017 - 11:13 GMT

Cashing in on VAT: PwC Announces First VAT Diploma in GCC

The new fund will invest in innovative early-stage and growth-stage tech companies in the MENA region. Pictured here: Mohammed Alabbar. (AFP/ File)
September 27th, 2017 - 10:46 GMT

Alabbar, MEVP Launch Third Venture Capital Fund

Last year, Saudi Arabia’s economy grew by 1.7 percent. Pictured here: King Salman. (AFP/ File)
September 27th, 2017 - 10:37 GMT

Saudi Economy Grew in 2016 Despite Global Slump: Report

Beach-goers in Dubai can now get their coffee via a drone. (Shutterstock)
September 25th, 2017 - 01:46 GMT

Costa Coffee Tests Drone Delivery Service in Dubai, and We Love It! (Video)

Qatar has expressed its plans to support and strengthen national food products. (AFP/ File)
September 25th, 2017 - 12:17 GMT

Qatar Eyes Self-Sufficiency in Food, Medicine Products

The current equity ownership split in Sadara is 65 percent Saudi Aramco and 35 percent Dow. (AFP/ File)
September 25th, 2017 - 12:07 GMT

Saudi Aramco to Transfer 15 Percent Stake in Sadara Chemical Company to Dow

Amazon Web Services today announced that it plans to open an infrastructure base in Bahrain. (AFP)
September 25th, 2017 - 11:53 GMT

Bahrain Welcomes First Amazon Web Services Base in Middle East

The VAT on new car purchases will be 5 percent of the vehicle’s value, starting from next year. (Karim Sahib/ AFP)
September 25th, 2017 - 11:21 GMT

Race Against Time for UAE Car Buyers: Pre-Vat Frenzy Starts Now

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