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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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Egypt's inflation fell 2 percent in May, compared with April. (Khaled Desouki/ AFP)
June 8th, 2017 - 05:00 GMT

Egypt’s Inflation Falls for First Time Since Pound Flotation

Former FBI Director James Comey (R) testifies before a US Senate Committee on September 27, 2016. (Yuri Gripas/ AFP)
June 8th, 2017 - 03:15 GMT

Comey Day, UK Election and Markets: 5 Things You Should Know on Thursday June 8

After half-a-decade of near stagnation and weak growth, the global economy is set on a path for more moderate expansion of around 3.8 percent in 2018. (OECD)
June 8th, 2017 - 02:19 GMT

Global Economy Better, But Still Not Good Enough: OECD

Qatari investments in Egypt are at risk. (File photo)
June 8th, 2017 - 01:40 GMT

Qatar's $1B Investments in Egypt at Risk Amid Diplomatic Rift

The UK's economy is losing momentum. (Daniel Leal-Olivas/ AFP)
June 8th, 2017 - 12:21 GMT

UK Economy to Slow Amid Brexit and Spending Squeeze: OECD

There are no indications the Qatar-UAE gas pipeline will be shut, according to reports. (Thomas White/ Reuters)
June 8th, 2017 - 11:41 GMT

Qatar Keeps Gas Flowing to UAE Despite Crisis

The Philippines has reversed its ban on workers travelling to Qatar on Wednesday. (AFP)
June 7th, 2017 - 02:07 GMT

Update: Philippines Reverses Ban on Filipino Workers Heading to Qatar

Showing sympathy for Qatar on social media or through any other means is a crime punishable by law, the UAE has warned. (File photo)
June 7th, 2017 - 01:21 GMT

UAE Threatens Social Media Users With 15 Years in Jail, $136,000 Fine for Sympathizing With Qatar

Manila blocks Filipino workers from travelling to Qatar amid the ongoing Gulf crisis. (AFP)
June 7th, 2017 - 12:37 GMT

Gulf Crisis: Philippines Blocks Workers From Traveling to Qatar for Fear of 'Starvation'

Mohamed Alabbar, the chairman of Emaar Properties. (AFP)
June 7th, 2017 - 12:15 GMT

Emaar to IPO 30 Percent of Its Real Estate Development Unit: Chairman

A Toyota i-TRIL electric concept car is displayed at Toyota's stand during the first press day of the International Motor Show in Geneva on March 7, 2017. (AFP)
June 7th, 2017 - 11:38 GMT

Toyota Sells All Shares in Tesla, Flies Solo

The US laptop ban is taking a toll on some key routes, says IATA. (File photo)
June 6th, 2017 - 01:00 GMT

Middle Eastern Airlines to Suffer 63.6 Percent Drop in 2017 Profit: IATA

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