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Shipping & Logistics
April 24th, 2026 - 01:19 GMT
Osama Ali

Osama Ali

Giant oil tankers power economies while carrying Billion-Dollar spill risks

ALBAWABA - Massive oil tankers continue to be an essential part of the world's energy supply chain, carrying millions of barrels of crude oil across oceans and guaranteeing the survival of economies and businesses all over the world. But despite their strategic significance, these ships also pose serious operational and environmental dangers, especially in the case of mishaps or deliberate interruptions. In order to reduce the possibility and damage of ...
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Due to be implemented on 1 January 2018, IFRS 9 requires banks to take a more forward-looking approach to provisioning. (AFP)
May 30th, 2017 - 05:00 GMT

Impact of IFRS 9 on GCC Banks Will Be ‘Manageable’: S&P

Dubai’s strong performance could be attributed to numerous corporate events, such as the Arabian Travel Market and the Arabian Hotel Investment Conference. (File photo)
May 30th, 2017 - 02:00 GMT

Dubai Posts Strongest Hotel Performance in MENA: Report

Municipality workers on Sunday moved 3,600 tonnes of waste, a significant increase from the daily average of 3,000 tonnes. (Hazem Bader/ AFP)
May 30th, 2017 - 01:00 GMT

Jordanians Waste Too Much Food on First Few Days of Ramadan: Report

The IPO is expected to raise about $100 billion as early as next year. (Stan Honda/ AFP)
May 30th, 2017 - 12:13 GMT

After London, Tokyo and New York: Toronto Joins the Race for Saudi Aramco's IPO

The Saudi Ministry of Labor has closed down 14 recruitment offices permanently and 40 others temporarily for various violations. (AFP/ Fayez Nureldine)
May 30th, 2017 - 09:55 GMT

Saudi Arabia's Ministry of Labor Is Shutting Down Foreign Recruitment Offices

BMW is recalling more than 45,480 older-model 7-Series cars because the doors could open unexpectedly while being driven. (BMW)
May 30th, 2017 - 08:04 GMT

BMW Recalls 45,480 7-Series Cars With Doors 'Unexpectedly Opening' While Driving

Mafraq is site of the Zaatari camp, the Middle East's largest refugee camp, where some 80,000 Syrian refugees have been living since it opened in 2012. (AFP/ Khalil Mazraawi)
May 29th, 2017 - 12:30 GMT

Using Saudi Money, Jordan Renovates Water Pipes for Syrian Refugees in Mafraq

Earlier this year, Emirates said it was in the process of a “restructuring”, which involved moving employees into new positions with staff both promoted and demoted. (AFP/ File)
May 29th, 2017 - 11:43 GMT

Emirates Makes Top Management Changes in Middle East

More and more GCC construction professionals say they personally encounter fake steel products during their day-to-day operations. (Pixabay)
May 29th, 2017 - 10:40 GMT

Fake Steel Affect Half of GCC Construction Companies: Survey

Hotels in Qatar have experienced a decline in occupancy and average rates during the first quarter of 2017. (AFP)
May 29th, 2017 - 07:55 GMT

Qatar's Hotel Occupancy, Average Daily Rate Drop in Q1 2017

South Africa's President Jacob Zuma. (AFP)
May 28th, 2017 - 09:00 GMT

President Zuma's Plan for 'Second Home in Dubai' Raises Eyebrows in South Africa

The prices of the Egyptian Fanous and other Ramadan delicacies have increased, affecting the way Egyptians celebrate the Holy Month. (YouTube)
May 28th, 2017 - 08:00 GMT

How High Prices Are Affecting the Wallets, and Spirits, of Egyptians in Ramadan

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