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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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UAE and Saudi Arabia have the highest percentage of regular savers in the Gulf region. (File photo)
July 3rd, 2017 - 01:02 GMT

UAE, Saudi Arabia Top-Saving Countries in GCC: Report

Egypt's decision to hike fuel prices will reflect on the cost of carrying out construction projects. (File photo)
July 3rd, 2017 - 12:41 GMT

Egypt: New Fuel Prices Push Construction Costs by up to 15 Percent

Dollar climbs, rebounding from last week's sharp loss. (File photo)
July 3rd, 2017 - 11:47 GMT

Dollar Climbs From Last Week's Loss, But Still Under Pressure

Turkey's annual inflation rate falls to a four-month low, according to a report. (File photo)
July 3rd, 2017 - 11:29 GMT

Turkey's Inflation Falls to Four-Month Low in June: Report

Oil prices on Friday logged their biggest weekly gain since mid-May. (AFP/ File)
July 3rd, 2017 - 11:15 GMT

Oil Prices up as Saudi Arabia Extends Deadline on Qatar Demands

The new tax came into force on Saturday. (AFP/ File)
July 3rd, 2017 - 10:43 GMT

Saudi Arabia's Residents Feel the Pinch of New Expat Tax

A photo taken on September 19, 2016 shows a Samsung Galaxy Note 7 smartphone at a mobile shop in Seoul. (Jung Yeon-Je/ AFP)
July 3rd, 2017 - 09:50 GMT

Samsung Announces Reworked, Cheaper Version of Galaxy Note 7

King Khalid airport terminal 5. (GB)
July 3rd, 2017 - 09:41 GMT

Saudi Arabia Mulls Sale of Minority Stake in King Khalid Airport

Traders monitor screens displaying stock information at Qatar Stock Exchange in Doha on June 5, 2017. (Reuters)
July 3rd, 2017 - 09:10 GMT

Qatar Exchange Drops 4 Percent as Gulf Deadline Looms

No more laptop ban on large electronic devices from Abu Dhabi to US airports. (AFP/ File)
July 3rd, 2017 - 08:48 GMT

US Drops Laptop Ban on Etihad Flights from Abu Dhabi

Madinat Jumeirah in Dubai. (Photo Courtesy of Jumeirah)
July 2nd, 2017 - 12:28 GMT

Dubai's Jumeirah Group Appoints Interim CEO as Chief Steps Down

Foreign laborers work at a construction site in Riyadh on October 30, 2013. (Fayez Nurelddine/ AFP)
July 2nd, 2017 - 11:51 GMT

Invest in Saudi Arabia: Real Estate Prices Drop in Mecca and Riyadh

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