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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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Fawad Tariq-Khan, Chief Executive Officer of SHUAA Capital
December 16th, 2018 - 09:00 GMT

SHUAA Capital’s Transformational Acquisition of Kuwait’s Amwal International Investment Company to Drive Expansion Roadmap

In July 2015, His Highness Sheikh Khalifa issued Federal Decree Law No. 02 of 2015 on Combating Discrimination and Hatred, which aims to protect everyone in the UAE, via a solid legislative ground for the environment of tolerance, co-existence and acceptance. (Shutterstock)
December 16th, 2018 - 08:55 GMT

UAE Announces 2019 as Year of Tolerance

As many as 1,500 apps built by 876 developers could have obtained the photos over a 12-day period in September. (Shutterstock)
December 16th, 2018 - 08:48 GMT

Facebook Bug Made 6.8 Million Users' Photos Public

The Prime Minister stressed the importance of maintaining the competitive advantages of the pharmaceutical industry and its reputation locally and internationally as the Kingdom's second largest exporter. (Shutterstock)
December 16th, 2018 - 08:43 GMT

Jordan Aims to Enhance Economic Value of Pharmaceutical Industry

Out of 280,000 residents, about 350 people are involved in the tourism industry in Jerash, which is 48km north of Amman. (Shutterstock)
December 16th, 2018 - 08:33 GMT

Jerash’s Tourism Sector Provides Jobs for 1 Percent Only of Its Population

The Japanese official reviewed the Japan-sponsored peace and prosperity corridor initiative that aims to achieve peace and economic empowerment, especially for the Palestinians and the projects carried out in this regard. (Shutterstock)
December 16th, 2018 - 08:04 GMT

Japan to Loan Jordan $300 Million

Iran's trade surplus of mineral products hiked to $4.58 billion during the said period. (Shutterstock)
December 16th, 2018 - 07:56 GMT

Iran's Mineral Trade Surplus for First 8 Months in 2018 Worth $6.87 Billion

Commander Rebecca Rebarich, a Pentagon spokeswoman, stated on Friday that the US Central Command (CENTCOM) was specifically looking to reimburse about $36.8 million for fuel costs and $294.3 million for flight hours, which were not included in the initial bills and were therefore paid for with taxpayer money. (Shutterstock)
December 16th, 2018 - 07:36 GMT

Saudi, UAE to Pay the US $331 Million for Air Refueling "Accounting Error"

A MoU was also signed to extend the Saudi grant for maintenance of the King Abdulaziz Mosque in the Tunisian capital of Tunis. (Shutterstock)
December 16th, 2018 - 07:25 GMT

Saudi, Tunisia Sign MoUs Targeting Development and Agriculture

The first phase of the project, scheduled for completion in the first quarter of 2022, will include up to 3,000 hotel rooms, an airport to serve the destination, and yacht marinas, as well as residential properties and recreational facilities. (Shutterstock)
December 16th, 2018 - 07:10 GMT

Saudi Arabia Has High Hopes on Red Sea Tourism Projects. Will They Pay Off?

From the meeting
December 16th, 2018 - 07:08 GMT

Dubai FDI Showcases Dubai’s Strategic Advantages in Spain

The new financing replaces Emirates Steel’s outstanding secured debt with a corporate financing structure reflecting the established nature of the company.
December 16th, 2018 - 06:58 GMT

Emirates Steel Finalizes $400 Million Murabaha

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