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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 ...

This transaction constitutes the third investment of EuroMena III after its recent investment in Elephant in Nigeria and Jasmin in Tunisia. (The Daily Star)

June 29th, 2016 - 12:00 GMT

Credit Libanais gets $20M EuroMena Fund injection

The recovery for crude oil prices comes as economic leaders meet in Portugal to review coordinated monetary policies in the globalized world. (Shutterstock)

June 29th, 2016 - 11:00 GMT

Oil prices inch up slowly after post-Brexit plunge

The Kingdom's credit rating by Moody's is currently B1 stable.

June 29th, 2016 - 10:00 GMT

Jordan's new IMF program will give positive outlook on credit rating: Moody's

Workers outside the explosions and attacks site outside Ataturk airport's international arrivals terminal. (AFP/Ozan Kose)

June 29th, 2016 - 09:13 GMT

Gulf airlines suspend flights to Istanbul following terror attack

A combination of economic and political uncertainty had created a 'perfect storm' in favour of the yellow metal. (Shutterstock)

June 29th, 2016 - 08:00 GMT

Gold shines in the shadow of Brexit bloodbath

The Financial Action Task Force called on countries to "continue to advise their financial institutions to apply enhanced due diligence to (Iranian) business relationships and transactions." (Shutterstock)

June 29th, 2016 - 07:00 GMT

Iran's FATF restrictions partially lifted but blacklisted status remains

Listeners complained last week that the stations were off-air, with some claiming an Abu Dhabi classical music station was playing instead. (Campaign.me)

June 29th, 2016 - 06:00 GMT

UAE's Radio 1, Radio 2 pulled off air over license dispute

Fitch said it expects general government debt to rise to nearly 80 percent of GDP in 2016 from around 62 percent of GDP in 2015, well above the 'BBB' and 'BB' medians of around 40 percent. (File photo)

June 29th, 2016 - 05:00 GMT

Bahrain ratings suffer downgrade to junk status by Fitch

Passengers enter the Ataturk airport International arrival terminal a day after a suicide bombing and gun attack targeted Istanbul's airport, killing at least 36 people. (AFP/Ozan Kose)

June 29th, 2016 - 04:23 GMT

Istanbul Airport reopens following terror attack

The output of Al-Shaheen oilfield over the last 22 years hit 1.6 billion barrels at a daily rate of 300,000 barrels which represent nearly 40 percent of Qatar's total oil output. (File photo)

June 28th, 2016 - 12:00 GMT

Qatar Petroleum, Total form new company for Al-Shaheen oilfield development

Tourists take a camel ride to visit the Bedouin village at Wahiba Sands. (Oman Tourism Ministry)

June 28th, 2016 - 11:00 GMT

Omani graduates look to tourism, hospitality as oil and gas jobs dry up: Ministry

Investcorp said it’s European team had witnessed the most active period in its 30-year history over the last 12 months, having signed four new deals and exited eight European portfolio companies. (Shutterstock)

June 28th, 2016 - 10:00 GMT

Bahrain's Investcorp adds Scandinavia's Coresec cybersecurity company to its portfolio