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French Navy observing Russian shadow fleet tanker
August 4th, 2026 - 12:20 GMT
P. Choiaqo

P. Choiaqo

Russia preparing shadow fleet ahead of complete EU oil import ban

ALBAWABA - Russia is expanding its shadow fleet network in anticipation of the total and complete European ban on Russian oil and gas exports to the continent coming into effect on 1 January, 2027. The flagships of the fleet in question are Liquified Natural Gas (LNG) tankers and, over the past six months, at least eight of these tankers were sold and redirected to serve Russian oil exports bringing the ...
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Austerity is paying off for Oman. (File photo)
August 22nd, 2017 - 11:37 GMT

Oman's Economy Grows 12 Percent on Higher Oil Prices, Subsidy Cuts

Lebanese protesters wave the national flag in front of a barbed wire fence as large crowds rally in Beirut on August 23, 2015. (Anwar Amro/ AFP)
August 22nd, 2017 - 10:54 GMT

Lebanese President Approves Controversial Salary Scale, Tax Hike Laws

Students line up as they enter their classroom on the first day of the academic year for public schools in Dubai on September 27, 2009. (Karim Sahib/ AFP)
August 22nd, 2017 - 10:08 GMT

VAT Not Applicable to Schools, Nurseries: UAE's Tax Authority

Bloom Towers. (Courtesy of Bloom Holding)
August 21st, 2017 - 12:04 GMT

Abu Dhabi's Bloom Holding Eyes Overseas Expansion: CEO

The Al Thumama Stadium is set for completion in 2020 and will seat 40,000 spectators. (Photo supplied)
August 21st, 2017 - 10:20 GMT

Qatar Reveals Design of Sixth World Cup Stadium by Qatari Architect (Photos)

All contractors working on public sector projects will be exempt from expatriate workers’ tax. (File photo)
August 21st, 2017 - 09:22 GMT

Saudi Arabia Says Public Sector Contractors Exempt From Workers’ Tax

Saudi riyals. (File photo)
August 20th, 2017 - 05:00 GMT

How Does Money Exchange During Haj Benefit the Saudi Economy?

More than half of UAE employees said they have worked during their vacations. (File photo)
August 20th, 2017 - 02:09 GMT

Half of UAE Employees Take Work Home: Study

The training will be based on Disney's best practices in customer service. (File photo)
August 20th, 2017 - 01:00 GMT

Mickey Mouse to the Rescue: Dubai Takes Staff on 'Happiness' Training Trip to Disneyland

The company now owns and manages a fleet of approximately 400 aircraft with a value of over US$14 billion. (Pixabay)
August 20th, 2017 - 12:31 GMT

Dubai's DAE Enters Aircraft Leasing Market With Acquisition of Dublin-Based AWAS

Pilgrims walk near the construction crane which crashed in Mecca's Grand Mosque on September 11, 2015, killing more than 100 and injuring over 200 others. (AFP)
August 20th, 2017 - 10:07 GMT

Saudi Binladin Group Resumes Grand Mosque Project Two Years After Deadly Crane Crash

No instructions to stop dealing in Qatari Riyal, says Saudi Arabia. (Reuters)
August 20th, 2017 - 09:32 GMT

Saudi Arabia Denies Ban on Qatari Riyal Transactions as Haj Season Kicks Off

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