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BUSINESS

BUSINESS latest

US unfreezes major Iranian assets during talks over Hormuz
April 11th, 2026 - 10:14 GMT
Osama Ali

Osama Ali

US unfreezes major Iranian assets during talks over Hormuz

ALBAWABA - According to a senior Iranian source, the United States has consented to unfreeze Iranian financial assets stored overseas, which is viewed as a possible step toward furthering the two sides' continuing conversations. Speaking to Reuters, the person characterized the action as a show of goodwill and perhaps a step closer to a more comprehensive deal. Associated with Hormuz Security According to officials, the release of assets is contingent ...
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Saudi riyals. (File photo)
July 6th, 2017 - 02:15 GMT

Expat Tax: Companies in Saudi Arabia Mull Salary Cuts for Dependent Fee

The number of Saudi women joining the workforce is rising. (AFP/ File)
July 6th, 2017 - 01:41 GMT

Number of Women Working in Saudi Arabia Up 130 Percent: Report

Snapchat helps the police catch a drug dealer in Bahrain. (File photo)
July 6th, 2017 - 01:38 GMT

Snapchat Helps Bahrain Police Catch Drug Dealer

All Volvo vehicles launched from 2019 will have an electric motor. (File photo)
July 6th, 2017 - 12:43 GMT

Volvo to Go All Electric, Hybrid by 2019

Emirates is considering a resumption of its ambitious US expansion plan. (AFP/ File)
July 6th, 2017 - 11:56 GMT

Emirates to Resume US Expansion Following Lifting of Laptop Ban

Protesters in Washington DC protest against Donald Trump's decision to withdraw the US from the Paris climate accord on June 2, 2017. (AFP)
July 6th, 2017 - 11:36 GMT

EU to Fight for Open Trade, Paris Agreement at G20 Summit

A Tesla Model S car is displayed at the 16th Shanghai International Automobile Industry Exhibition on April 20, 2015. (Johannes Eisele/ AFP)
July 6th, 2017 - 10:58 GMT

Tesla Model 3 Will Begin Production Friday: Elon Musk

During the signing ceremony
July 6th, 2017 - 10:51 GMT

Saudi Aramco, Dussur and Hyundai to Set up Engine JV

Extra special Dubai Summer Surprises at The Dubai Mall
July 6th, 2017 - 10:42 GMT

Extra Special Dubai Summer Surprises at the Dubai Mall

Salalah Festival
July 6th, 2017 - 10:34 GMT

Ooredoo Takes Centre Stage at Salalah Tourism Festival

During the event
July 6th, 2017 - 10:26 GMT

UAE Ministry of Health Hosts Meeting of Supreme National Committee for Control of Non-communicable Diseases

Saudi Arabia will be applying a new tax on expats' dependents starting from July 1. (Reuters)
July 6th, 2017 - 10:23 GMT

Is the Expat Tax Bad for Saudi Arabia's Economy?

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