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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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Under the December 10 agreement, producers will lower output by nearly 1.8 million barrels per day (bpd) aiming to ease a global glut that has weighed on oil prices for more than two years.  (AFP/Joe Klamar)
January 23rd, 2017 - 06:30 GMT

OPEC launches oil cut compliance committee

The Moral Machine is set in 2050, where everything that can be is automated.  (Shutterstock)
January 23rd, 2017 - 05:52 GMT

Dubai's Moral Machine tests future AI decision making at Davos

This year will also see Bvlgari opening hotels in Beijing and Shanghai, which will be followed by a Moscow presence in 2018-19.  (MyLuxury.it)
January 23rd, 2017 - 05:31 GMT

Bvlgari apartments to bring a touch of bling to Dubai's Jumeirah Bay Island

Hamad Medical Corporation
January 23rd, 2017 - 04:44 GMT

HMC’s Bone and Joint Center to host international surgeon in February

Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World
January 23rd, 2017 - 04:40 GMT

Dubai Customs scores 96.2% on happiness index in 2016

“If you include Turkish and Iran Air, the order book comes to a massive 1,058 passenger aircraft,” said Maurice Faber, regional managing director of Olympus Middle East and Africa. (File photo)
January 22nd, 2017 - 01:30 GMT

MENA airlines boost fleets by 650 aircraft

The growth in VR technology has been nothing but exponential. (Shutterstock)
January 22nd, 2017 - 12:46 GMT

Getting real: Will VR make your TV obsolete?

Mubadala has interests in aerospace, oil and gas, semiconductors, information and communications technologies, utilities, capital investments, real estate and infrastructure.  (Mubadala)
January 22nd, 2017 - 12:28 GMT

Abu Dhabi's Mubadala, IPIC merger formalized to create investment powerhouse

Oman Oil Marketing Company & Al Raffd fund extends Tasweik’s deadline
January 22nd, 2017 - 10:48 GMT

Oman Oil Marketing Company & Al Raffd fund extends Tasweik’s deadline

Oman Arab Bank
January 22nd, 2017 - 10:40 GMT

OAB concludes 2016 Hassad Savings Scheme with mega draw

Led by Saudi Arabia, all GCC countries are facing mounting deficit due to the plunging oil revenue.  (Shutterstock/Clicksahead)
January 22nd, 2017 - 10:00 GMT

Oman's budget deficit reaches $12.7B

Dr. Muna Al Maslamani
January 22nd, 2017 - 09:59 GMT

New Communicable Disease Hospital announces appointment of Medical Director

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