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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 UAE Central Bank issued a statement on Wednesday. (Shutterstock)
December 13th, 2018 - 09:00 GMT

UAE, Saudi to Use Digital Currency to Speed up Transactions


The confidence level of Saudi CEOs about the global economy stood at 94 per cent this year as against 55 per cent last year.  (Shutterstock)
December 13th, 2018 - 08:51 GMT

CEOs in Saudi Are Still Predict Healthy Economic Growth Due to Oil

Under the agreement, travelers will be able to use either airline for their trips between the two countries and on some domestic connections. (Shutterstock)
December 13th, 2018 - 08:46 GMT

Jet Airways, Flynas Agree on Codeshare to Increase Inter-City Commute

Solar and wind power generation has risen from 2 per cent to 10 per cent of the country’s generated power since 2014. (Shutterstock)
December 13th, 2018 - 08:39 GMT

Jordan Aims to Have Renewable Energy Contribute to 20 Percent of Energy Needs

Internet retailing in the UAE is valued at Dh7.4 billion - exclusive of VAT - in 2018, growing by 18.8 per cent over the previous year. (Shutterstock)
December 13th, 2018 - 08:33 GMT

UAE Tops List of Best MENA Country for Online Shopping

Iran Ready to Cooperate Fully With IAEA. (Shutterstock)
December 13th, 2018 - 07:47 GMT

Iran Ready to Cooperate Fully With IAEA

In quitting Iran, multinational European firms ignored pleas by their governments to stay their ground and continue trade. (Shutterstock)
December 13th, 2018 - 07:44 GMT

EU, US Exports to Iran Increase Despite Sanctions

Iran and Oman have had good economic relations from old times and the ties have even expanded in recent years due to extended bank cooperation between the two countries. (Shutterstock)
December 13th, 2018 - 07:39 GMT

Oman, Iran to Strengthen Trade via New Marine Line

Amir Abdollahian, Iranian parliamentary official (AFP)
December 13th, 2018 - 07:21 GMT

Europe's SPV Solution to Circumvent US Sanctions on Iran Might Launch End of Year

Abdul-Mahdi said he would send a delegation to the United States to seek an exemption from sanctions to keep importing gas from Tehran. (Shutterstock)
December 13th, 2018 - 07:13 GMT

Iraq Takes a Strong Stance With Iran Against US Sanctions

Prime Minister-designate Saad Hariri. (AFP)
December 13th, 2018 - 07:00 GMT

Hariri Reassures CEDRE Implementation Despite Government Formation Delays

The Christmas Eve feast will take place at the hotel’s signature restaurant Lemon Pepper where the remarkable chefs will take guests on a culinary experience.
December 13th, 2018 - 06:19 GMT

Celebrate the Festive Season at M Hotel Downtown by Millennium

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