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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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The data from the Iranian Customs Administration show that Iran’s exports to the UAE topped the list in terms of the value of exports in US dollars. (Shutterstock)
December 18th, 2018 - 08:21 GMT

Iranian Non-Oil Exports to GCC up to $6.5 Billion

The investors received some payments but it came to a sudden halt, which prompted the investors to request more information about the activities and why they had stopped receiving returns on their investments as agreed. (Shutterstock)
December 18th, 2018 - 08:13 GMT

Kuwait Arrests Two Businessmen Accused of Laundering Around $50 Million

Digital currency has several benefits including lowering the cost of banknote issuance and use of cash. (Shutterstock)
December 18th, 2018 - 08:07 GMT

Egypt Might Have Its Own Digital Currency Soon

The Egyptian banks’ digital wallets are serving around 10.5 million clients across the country. (Shutterstock)
December 18th, 2018 - 08:02 GMT

Egypt Bank Issues 12 Million Digital Wallets to Date

The figure was up 0.8 percentage points from September 2017. (Shutterstock)
December 18th, 2018 - 07:44 GMT

Turkey's Unemployment Swells to 11.4 Percent

It is a joint venture formed by Qatar Petroleum with a 70 percent interest, while ExxonMobil has a 17.6 percent interest, and ConocoPhillips has a 12.4 percent interest. (Shutterstock)
December 18th, 2018 - 07:38 GMT

Qatar to Pump $20 Billion in US Oil and Gas Sectors

During the event
December 18th, 2018 - 07:36 GMT

Shell Intilaaqah’s ‘Aspire and Inspire’ Programme Introduces Omani Entrepreneurs to Cash Crisis Management

Iraq’s booming oil output has come under increasing scrutiny from other producers. (Shutterstock)
December 18th, 2018 - 07:31 GMT

Iraq to up Its Oil Production to 5 Million Bpd in 2019

The Saudi Stock Exchange (AFP)
December 18th, 2018 - 07:27 GMT

Tadawul Joins United Nations Sustainable Stock Exchanges Initiative

LG has embarked on a mission to not only build on the success of products launched, but to also design more intuitive appliances with people at their core.
December 18th, 2018 - 07:16 GMT

After Revolutionising Laundry With the TwinWash, LG Looks to Further Incorporate Smart Technology in Its Electrical Goods

Al Hilal Bank, the progressive Islamic Bank headquartered in Abu Dhabi, has announced the completion of its Data Transformation Programme.
December 18th, 2018 - 07:09 GMT

Al Hilal Bank Launches Data Transformation Programme In Record Time

During the event
December 18th, 2018 - 06:56 GMT

Bank Nizwa Unites Scholars and Industry Experts at First International Shari’a Conference

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