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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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The wind farm is a partnership between the international energy company Statoil and Masdar. (File photo)
July 4th, 2017 - 10:40 GMT

Masdar Announces World's First Floating Offshore Wind Farm in Scotland

Job creation has stagnated in the UAE’s non-oil private sector, according to a report by Emirates NBD. (File photo)
July 4th, 2017 - 08:14 GMT

How's the UAE Job Market Doing? Not so Well, According to This Report

Total Chief Executive Officer Patrick Pouyanne (L) shakes hands with Iranian President Hassan Rouhani during a meeting in Paris on January 28, 2016. (Eric Fefferberg/ AFP)
July 3rd, 2017 - 02:35 GMT

Iran Signs $4.8 Billion Gas Deal With Total, Its Biggest Ever

UAE and Saudi Arabia have the highest percentage of regular savers in the Gulf region. (File photo)
July 3rd, 2017 - 01:02 GMT

UAE, Saudi Arabia Top-Saving Countries in GCC: Report

Egypt's decision to hike fuel prices will reflect on the cost of carrying out construction projects. (File photo)
July 3rd, 2017 - 12:41 GMT

Egypt: New Fuel Prices Push Construction Costs by up to 15 Percent

Dollar climbs, rebounding from last week's sharp loss. (File photo)
July 3rd, 2017 - 11:47 GMT

Dollar Climbs From Last Week's Loss, But Still Under Pressure

Turkey's annual inflation rate falls to a four-month low, according to a report. (File photo)
July 3rd, 2017 - 11:29 GMT

Turkey's Inflation Falls to Four-Month Low in June: Report

Oil prices on Friday logged their biggest weekly gain since mid-May. (AFP/ File)
July 3rd, 2017 - 11:15 GMT

Oil Prices up as Saudi Arabia Extends Deadline on Qatar Demands

The new tax came into force on Saturday. (AFP/ File)
July 3rd, 2017 - 10:43 GMT

Saudi Arabia's Residents Feel the Pinch of New Expat Tax

A photo taken on September 19, 2016 shows a Samsung Galaxy Note 7 smartphone at a mobile shop in Seoul. (Jung Yeon-Je/ AFP)
July 3rd, 2017 - 09:50 GMT

Samsung Announces Reworked, Cheaper Version of Galaxy Note 7

King Khalid airport terminal 5. (GB)
July 3rd, 2017 - 09:41 GMT

Saudi Arabia Mulls Sale of Minority Stake in King Khalid Airport

Traders monitor screens displaying stock information at Qatar Stock Exchange in Doha on June 5, 2017. (Reuters)
July 3rd, 2017 - 09:10 GMT

Qatar Exchange Drops 4 Percent as Gulf Deadline Looms

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