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Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns
June 20th, 2026 - 01:56 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns

ALBAWABA- Global oil prices recorded their sharpest weekly decline in months, with Brent Crude falling about 8% over the week, as a renewed ceasefire between Israel and Hezbollah and progress on the US-Iran agreement eased concerns over potential disruptions to global energy supplies. Although prices edged higher on Friday, markets remained under pressure as geopolitical risk premiums continued to fade amid signs of improving stability in the Middle East. Brent ...
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Al Bawaba
March 31st, 2015 - 06:36 GMT

Saudi Aramco signs $10 billion dual-currency loan

Al Bawaba
March 31st, 2015 - 06:28 GMT

Qatar 2022 World Cup may not need cooling systems

Al Bawaba
March 31st, 2015 - 05:55 GMT

Ramped up negotiations: oil extends losses over Iran supply fears

Al Bawaba
March 31st, 2015 - 01:11 GMT

Dubai-inspired world's tallest hotel to be erected in the Swiss Alps

The Roamer app is available on iPhone and Android smartphones and tablets, and works with any SIM card.
March 31st, 2015 - 08:32 GMT

Breaking the barrier: Roamer app says it has bypassed block of VoIP providers in UAE

Al Bawaba
March 31st, 2015 - 08:15 GMT

Opening up, completely: UAE drafts law for 100% foreign ownership of firms

Al Bawaba
March 31st, 2015 - 07:28 GMT

Qatar firms to buy 49% of Chinese petrochemical firm for $5 billion

As part of its five-year plan, the company is targeting international growth in key regional markets.
March 30th, 2015 - 03:44 GMT

Dubai's Majd Al-Futtaim announces Egypt, Saudi expansion

Kuwait relies on imports for the majority of its food needs and depends on the narrow shipping lane of the Strait of Hormuz for imported food supplies.
March 30th, 2015 - 12:38 GMT

Satiated appetites, nshallah: Kuwait reassures citizens on strategic food stocks

The UAE was the third largest Islamic banking market by value after Saudi Arabia and Malaysia, the report said.
March 30th, 2015 - 12:18 GMT

Taking the unconventional path: UAE Islamic economy to hit $263 billion by 2019

Al Bawaba
March 30th, 2015 - 12:06 GMT

Emirates amends cockpit policy after crash

The court found that Moshe Talansky gave Olmert $153,000 in envelopes.
March 30th, 2015 - 11:07 GMT

Ex-Israel PM Olmert convicted of fraud

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