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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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Passengers are re-routing their trips via Oman after Saudi Arabia and UAE suspended their flights to Qatar. (File photo)
June 12th, 2017 - 09:00 GMT

Oman Emerges as Key Transit Hub After Qatar Ban

Egypt's oil debts had reached $4.5 billion dollars at the end of December 2016. (File photo)
June 12th, 2017 - 07:59 GMT

Egypt Reduces Oil Debts By Paying off $2.2 Billion to Oil Companies

An aerial view of the new Al-Jabri Mosque in Hail as per the design of Rome-based firm Schiattarella Associati. (Photos: Design MENA)
June 12th, 2017 - 09:38 GMT

Italian Firm Designs Breathtaking Mosque in Saudi Arabia: Photos

The new model protects the rights of tenants and landlords by having both parties sign a rental agreement via the Saudi "Ijar" network. (AFP)
June 11th, 2017 - 10:35 GMT

Saudi Arabia Releases New Uniform Rental Contract

The headquarters of QatarGas, the largest LNG producer in the world, in Doha. (Shutterstock)
June 11th, 2017 - 08:00 GMT

Qatar Gas Supplies Not Affected by Crisis: Reports

China Construction Bank's market capitalization reached $192.6 billion in 2016, the fifth highest of any bank in the world. (Photo: Reuters)
June 11th, 2017 - 07:00 GMT

China Construction Bank Lists $1.2 Billion Bond on Nasdaq Dubai

The price of a pack of cigarettes in Saudi Arabia will double from June 11. (File photo)
June 11th, 2017 - 06:00 GMT

Saudi Arabia: Price of Cigarettes Up 100 Percent Starting From Sunday

A customer reads the label on a Turkish dairy product at a supermarket in Doha. (The Peninsula)
June 10th, 2017 - 07:00 GMT

Turkey Sends Dairy Product Supplies to Crisis-Hit Qatar

Saudi Arabia issued a ban against watching the Al Jazeera TV channels in restaurants, hotels and other tourist outlets. (AFP)
June 10th, 2017 - 01:58 GMT

Saudi Arabia Bans Al Jazeera TV Channels in Hotels, Restaurants

Gold suffered a weekly loss for the first time in five weeks. (Noah Seelam/ AFP)
June 10th, 2017 - 01:25 GMT

Business Roundup: Top 5 Things That Moved Global Markets This Week

Yahoo employees ring the Opening Bell at NASDAQ MarketSite in New York, on March 2, 2015. (Slaven Vlasic/ AFP)
June 10th, 2017 - 12:43 GMT

Yahoo Approves $4.5 Billion Sale to Verizon

Qatar Airways CEO Akbar al-Baker. (AFP/ File)
June 8th, 2017 - 06:00 GMT

Qatar Airways Faces Tough Times Due to New Restrictions: Analysts

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