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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 15th, 2015 - 07:35 GMT

BP, Egypt sign final dealt for 'biggest foreign investment in country's history'

Al Bawaba
March 14th, 2015 - 03:03 GMT

'The size of Singapore': Egypt unveils new $45 billion capital east of Cairo

It also makes provisions for voluntary liquidation, setting a clear deadline of 120 days for the government to process the applicant’s request.
March 14th, 2015 - 08:57 GMT

Sisi braced up for economic summit with new investment law

Al Bawaba
March 14th, 2015 - 08:38 GMT

Sorry Sisi: Kerry announces all sorts of aid to Egypt, but none of the military type

Al Bawaba
March 13th, 2015 - 09:26 GMT

A new round of support: Gulf states pledge more than $12 billion at Egypt's economic summit

A total of 112 countries will be represented at the conference, including more than 30 heads of state.
March 13th, 2015 - 07:07 GMT

A milestone: World's top leaders gathered at Egypt's economic summit

Al Bawaba
March 12th, 2015 - 09:21 GMT

Missed deadlines: Lebanon's gas licensing further delayed

Al Bawaba
March 12th, 2015 - 08:55 GMT

Addressing voter apathy with cigarettes: Egypt tobacco firms expect extra profits during elections

Al Bawaba
March 12th, 2015 - 01:01 GMT

Not for fun: UAE bans trade of drones

Egypt's government will promote 60 projects at the much-publicised economic development conference to be held in the resort town of Sharm El-Sheikh on the 13-15 March.
March 12th, 2015 - 12:35 GMT

Egypt's economic development summit commences tomorrow, high level of interest anticipated

Last summer the authorities said over 600,000 Saudi families were eligible for housing aid in the form of state-subsidised home loans or subsidised sales of land or housing units.
March 12th, 2015 - 12:20 GMT

Saudi King pledges response to housing crisis, replaces minister

Al Bawaba
March 12th, 2015 - 11:44 GMT

Kuwait, OPEC's oil policy to stick beyond June

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