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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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Dubai
March 16th, 2015 - 04:55 GMT

Dubai apartments now up to $100,000 cheaper

Al Bawaba
March 15th, 2015 - 08:14 GMT

A different kind of rentierism: Suez Canal zone to account for third of economy

Al Bawaba
March 15th, 2015 - 07:45 GMT

Russia calls Egypt 'centre of the universe', announces nuclear plant, tourism cooperation

During his closing speech, President Abdel Fattah Al-Sisi called for holding the summit every year in Sharm El-Sheikh.
March 15th, 2015 - 07:30 GMT

'$200 billion still needed': Sisi thanks attendees of Economic Summit, says he intends to do this every year

The social aspect of growth will be also tackled through a focus on microcredit and small and medium sized enterprises.
March 15th, 2015 - 09:37 GMT

Egypt's prime minister lifts the curtain on 2030 economic vision

Apart from the airport issue, Israel can build the fence “as long as the barrier will not be built on the West Bank lands that Jordan considers Palestinian territories”.
March 15th, 2015 - 09:18 GMT

Jordan demands its airspace sovereignty as Israel mulls 'fencing' new contentious airport

Much of the investments will be injected for expanding the PepsiCo’s portfolio and in the company’s total supply chain network as well as infrastructure and capacity, stated Sheikh.
March 15th, 2015 - 09:10 GMT

The 'other side' of development: Egypt's Economic Conference will bring also bring more Pepsi and Malls

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

Power dominates: Egypt signs $40 billion worth of energy deals on second day of investment conference

The dispute highlights fundamental differences between the two sides over who controls oil resources and revenues.
March 15th, 2015 - 07:41 GMT

A budgetary tipping point: Iraqi-Kurdish oil deal potentially 'unraveling'

Al Bawaba
March 15th, 2015 - 07:39 GMT

Keep them coming: IMF chief Lagarde praises Egypt's economic reforms, asks for more

Al Bawaba
March 15th, 2015 - 07:37 GMT

Growing glut: Oil prices tumble 9%

Al Bawaba
March 15th, 2015 - 07:36 GMT

Nicole Kidman new face of Etihad airways

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