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Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt
June 26th, 2026 - 04:15 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt

ALBAWABA- Major Gulf oil producers are rapidly ramping up crude exports as regional shipping routes recover, with Saudi Arabia restarting loadings at its critical Ras Tanura terminal after a nearly four-month suspension, while Kuwait and Qatar also boost output amid improving security conditions in the Strait of Hormuz. Saudi Aramco resumed crude shipments on Friday at Ras Tanura, one of the world’s largest oil export hubs on the Gulf coast ...
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The majority of Egyptians are investing in real estate as a safe haven against the large changes in the value of the Egyptian pound. (File photo)
May 16th, 2017 - 06:00 GMT

Egyptians Turn to Real Estate, Push Prices Up 50 Percent

Saudi Aramco has appointed a new senior deputy chairman, eight executives and six deputy chairmen ahead of its much- anticipated IPO. (AFP/ File)
May 16th, 2017 - 05:00 GMT

Saudi Aramco Announces Key Appointments Ahead of IPO

Donald Trump Jr. spoke at a graduation ceremony for the American University in Dubai this week. (Facebook)
May 16th, 2017 - 02:16 GMT

Donald Trump Jr. Calls for 'Diversity' at Dubai University Graduation Ceremony

Currently foreigners are only allowed to acquire property in defined tourism communities, but Oman wants to change that. (Pixabay)
May 16th, 2017 - 01:00 GMT

Oman Could Soon Relax Property Buying Rules for Expats: Official

The Chinese government is set to pump in around $40 billion into big development projects in Egypt as part of its ambitious One Belt One Road (OBOR) initiative. (AFP)
May 16th, 2017 - 12:29 GMT

Egypt Announces Heavy Chinese Investments in Vital Projects

An Emirati man with his falcon. (Pixabay)
May 16th, 2017 - 12:02 GMT

UAE’s Non-Oil Growth to Pick Up in 2017: IMF

Kuwait’s oil minister Essam Marzouk has expressed his country’s support for an oil cut deal extension previously agreed by Saudi Arabia and Russia. (AFP/ Yasser Al-Zayyat)
May 16th, 2017 - 11:30 GMT

Kuwait Backs Saudi, Russian Call to Extend Oil Output Cut Into 2018

All four and five star hotels in Abu Dhabi will now be required to serve Emirati food under a new regulation. (Pixabay)
May 15th, 2017 - 08:00 GMT

Emirati Food a Must for All Four and Five-Star Hotels in Abu Dhabi: Tourism Authority

The clock tower at Avenue Habib Bourguiba in downtown Tunis. (File photo)
May 15th, 2017 - 06:00 GMT

Tunisia's Fight Against Corruption Can Generate Billions of Dinars: Official

A view of the Galata Tower in Istanbul. (File photo)
May 15th, 2017 - 05:00 GMT

Turkey Receives $1.7 Billion in Foreign Direct Investment; a 43 Percent Increase From 2016

With global oil stocks still too high and US supply recovering faster than anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018. (File photo)
May 15th, 2017 - 02:00 GMT

Brent Oil Prices to Average $54 per Barrel in 2017, $56 in 2018: Experts

Egypt has reported a decline in the unemployment rate during the first quarter of 2017, to reach 12 percent of the total labor force, compared to 12.7 percent in the first quarter of 2016, with youth (15-29 year-olds) making up 79 percent of the total unemployed ratio. (AFP)
May 15th, 2017 - 01:30 GMT

Egypt's Unemployment Rate Down 0.7 Percent Year-on-Year: Report

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