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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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IMF Managing Director Christine Lagarde. (AFP/File)
April 20th, 2017 - 01:25 GMT

IMF Raises Global Growth Forecast But Warns Against Protectionism

The Turkish-made torpedo can be used for defense against submarines. (File photo)
April 20th, 2017 - 01:06 GMT

The business of war: Turkish-made torpedo to debut at defense industry fair

Villas on Amwaj Islands are currently considered the most expensive in the kingdom, though residential values held steady in other parts of the country, remaining unchanged for six consecutive quarters. (Shutterstock)
April 20th, 2017 - 11:04 GMT

Rents in Bahrain drop further as supply exceeds demand

Tunisian women harvest grapes in the wine-producing region of Grombalia as the country looks to branch out into wine tourism. (AFP/ Fethi Belaid)
April 20th, 2017 - 08:09 GMT

Tunisia, Libya strengthen financial ties with $43M bank agency

Saudi Finance Minister Mohammed Al-Jadaan during a press conference in Riyadh on December 22, 2016, to announce the country's national budget for 2017. (AFP)
April 19th, 2017 - 01:43 GMT

Declining oil prices pressure Middle East's economic growth: Report

Yas Mall in Abu Dhabi. (Aldar Properties)
April 19th, 2017 - 11:06 GMT

Oversupply of retail space in Abu Dhabi pushes rental prices down 58 percent: Report

Somalia has declared a state of emergency over severe drought and 2.9 million of its population face a food crisis that could lead to famine, according to the UN. (AFP)
April 19th, 2017 - 09:19 GMT

UAE's Khalifa Foundation builds largest concrete dam in drought-struck Somalia

The Kingdom has announced the launch of more than 30 solar and wind projects as part of a plan to reduce its dependence on oil. (Pixabay)
April 19th, 2017 - 08:10 GMT

Saudi Arabia kicks off $50B renewable energy plan to break oil dependence

Both sides are developing a shared field in the Persian Gulf, from which Iran has started to produce oil. (File photo)
April 18th, 2017 - 07:00 GMT

'If Qatar expands its energy production we will expand too,' says Iran

Saudi Oger has attracted significant media attention lately as tens of thousands of foreign workers were left destitute and stranded, unpaid for months before being laid off. (AFP)
April 18th, 2017 - 05:25 GMT

Saudi Oger sells 2.8 percent stake in Saudi Investment Bank to cover debts

Egypt expects the first oil shipment from Iraq to reach on May 1, 2017. (File photo)
April 18th, 2017 - 05:14 GMT

Egypt inks first oil deal with Iraq

Supporters of Algerian President Abdelazziz Bouteflika gather during a political meeting ahead of the country's presidential election in 2014. (AFP/Farouk Batiche)
April 18th, 2017 - 04:59 GMT

Algeria: Dirty politics, corruption rock May 4 parliamentary elections

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