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oil prices

March 9th, 2026 - 07:18 GMT

Sally Shakkour

Oil prices increase to $118.21 per barrel, Gold prices fall

ALBAWABA - The price of the main U.S. benchmark for oil surged over 30 percent on Monday amid the escalation in the Middle East and Iran's closure of the Strait of Hormuz. At 0230 GMT, West Texas Intermediate (WTI) increased by 30.04 percent reaching $118.21 per barrel, before easing slightly. In addition, Brent Crude was up by 27.54 at $118.22. The disruption of shipping traffic through the Strait of Hormuz ...

The ministry added that the automobile sector is a target for Saudization during the next stage after the telecommunications sector. (AFP/File)

August 9th, 2016 - 01:00 GMT

Saudization to include all health jobs in the Kingdom

Women still face many challenges in the work place. (AFP)

August 9th, 2016 - 12:00 GMT

Women still face huge barriers in workplace

Vladimir Putin and Recep Tayyip Erdogan will meet on Tuesday to revive the relationship. (AFP/File)

August 9th, 2016 - 11:00 GMT

Erdogan and Putin meet to discuss economic relations

Pakistani journalists grieve over the body of a news cameraman after an explosion at a government hospital in Quetta on Monday. (AFP/File)

August 9th, 2016 - 09:30 GMT

Daesh claims responsibility for Pakistan hospital attack

Pakistanis bought property worth Dh3 billion which comes to about Rs85 billion (Pakistani rupees). (File photo)

August 9th, 2016 - 08:00 GMT

Pakistanis and Indians are biggest property investors in UAE

Egypt is implementing several reforms to wean the population off a decades-old, costly subsidy program. (Shutterstock)

August 9th, 2016 - 07:00 GMT

Egypt to hike electricity prices by 40 percent to phase out subsidies

A picture shows the Indian embassy in the Saudi capital Riyadh on August 2, 2016. New Delhi was working to feed more than 10,000 Indian labourers stranded in the Gulf with no wages after losing their jobs, in what Foreign Minister Sushma Swaraj called a "food crisis". (AFP/Stringer)

August 9th, 2016 - 06:00 GMT

King Salman issues directive on unpaid Indian workers in Saudi Arabia

Payday just got a little better for some expat workers. (Shutterstock)

August 9th, 2016 - 04:00 GMT

Go big or go home: Expat salaries soar in Dubai

Egyptia state-owned banks are likely to borrow from abroad in case its own resources of foreign exchange cease to cover the needs of its clients. (File Photo)

August 8th, 2016 - 05:00 GMT

Egypt's government banks rely on own resources for US dollars

Only four in 10 employers have a strategy in place to attract workers who are not actively seeking a new job, despite professionals being overwhelmingly open to being contacted with potential offers of employment. (AFP/File)

August 8th, 2016 - 03:00 GMT

Employers overlooking talented candidates: Study

Dhows carrying tourists cruise off the Oman's Khasab shores along the Strait of Hormuz. (AFP/File)

August 8th, 2016 - 02:00 GMT

Oman suffering from decline in tourism

The Emirates' annual summer travel peak has kept Dubai airport very busy. (File Photo)

August 8th, 2016 - 01:00 GMT

Dubai Airport to reach 8.5 million passenger target