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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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Amazon’s deal to buy a US grocery chain signals a significant threat to food retailers. (File photo)
June 18th, 2017 - 02:45 GMT

Amazon's $14-Billion Grocery Deal a 'Threat' to Food Retailers

The project is slated for inauguration in 2019. (File photo)
June 18th, 2017 - 02:36 GMT

Emaar Confirms First Hospitality Project in Saudi Arabia

Qatar announced its plan to buy 36 F-15 jets from the US. (AFP/ File)
June 18th, 2017 - 02:29 GMT

Qatar Finalizes $12-Billion Arms Deal Despite Trump’s Twitter Rant

In this video screened during the WEF 2015, Amman Mayor Aqel Biltaji speaks about investment opportunities in Jordan. (Courtesy of JT)
June 18th, 2017 - 02:21 GMT

Jordan Approves $282 Million Worth of PPP Projects

Emirates announced that it would expand its services in mainland China on May 3, 2016. (File photo)
June 15th, 2017 - 11:27 GMT

China Bans Emirates From Route Expansion Over 'Air Safety Violations'

Qatar's BeIN Sports is a global sports network broadcasting in the Middle East and North Africa, France, US, Canada, Indonesia, Philippines, Hong Kong, Australia and Taiwan. (YouTube)
June 15th, 2017 - 10:31 GMT

Saudi Arabia Mulls New Alliance to End Qatar's TV Monopoly

Chairwoman of the US Federal Reserve Board Janet Yellen. (AFP)
June 15th, 2017 - 10:09 GMT

US Federal Reserve Raises Interest Rates, Unveils Balance Sheet Cuts for 2017

US dollars. (File photo)
June 15th, 2017 - 09:29 GMT

Egypt's Central Bank Removes Limits on Foreign Currency Transfers

Trash builds up in Lebanon's capital. (Joseph Eid/ AFP)
June 15th, 2017 - 08:07 GMT

Corruption At the Heart of Lebanon's Garbage Crisis: Report

People protesting Egypt ceding sovereignty over the islands to Saudi Arabia at a demonstration in Cairo on June 13, 2017. (Muhammad Abd El Ghany/ Reuters)
June 15th, 2017 - 07:28 GMT

It's Done: Egypt Approves Red Sea Islands Transfer to Saudi Arabia

IMF's chief Christine Lagarde says loans to countries like Tunisia are a 'token of support'. (AFP/ File)
June 14th, 2017 - 09:00 GMT

IMF's Second Loan Installment to Tunisia a 'Token of Support': Lagarde

Iran's oil exports to Europe in May surged to their highest level since the lifting of sanctions in early 2016. (AFP/ File)
June 14th, 2017 - 08:00 GMT

Iran's Oil Recovers Share Lost to Saudi Arabia in Europe

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