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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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Turkish Central Bank Governor Erdem Basci sought to calm jittery investors, appearing to dismiss rumors that he would resign and giving a brief lift to the lira currency after it tumbled to a record low.
March 2nd, 2015 - 08:02 GMT

Keep calm and ignore Erdogan: Turkey central bank chief to stay put after Lira's historic low

The Abu Dhabi company is led by a team of executives who worked at Emaar Properties, including Emaar's current chairman, Mohamed Alabbar.tra
March 2nd, 2015 - 04:55 GMT

What the Arab Spring was about: UAE developer plans $80 billion giant city in Cairo

Al Bawaba
March 1st, 2015 - 06:10 GMT

Racing hearts: two new Porsches to make global debut

Al Bawaba
March 1st, 2015 - 06:06 GMT

Cross-border flights, cross-border influence: Yemen, Iran sign civil aviation agreement

The general reserve of the government accounts for 60 percent of the total government reserves and deposits, allocations for government projects is 32 percent and government’s current account 8 percent.


March 1st, 2015 - 05:50 GMT

Bad news? Saudi Arabia experiences 21 month slump in reserves, assets

“Iran will of course not interfere in the services of the companies but we want what they present in the Iranian market to be in line with Iranian laws,” he added.
March 1st, 2015 - 05:15 GMT

Google this: Iran says ready to cooperate with Google, negotiations underway

Al Bawaba
March 1st, 2015 - 12:11 GMT

Unquantifiable benefits? Expats cost Bahrain $907 million a year

Al Bawaba
March 1st, 2015 - 07:44 GMT

'Happy Naimi': Calm Saudi Arabia signals $60 oil price for the long-haul

For all the turmoil in the financial markets, Erdoğan's tirades have won praise from a class of industrialists who have thrived on cheap borrowing costs and political stability over the past decade.
March 1st, 2015 - 07:25 GMT

Turkish Lira hits historic low, Erdogan implies central bank 'treason'

Titled ‘For Everyone’, the campaign will start from March 1, 2015 and is expected to increase the levels of public engagement in the mega event.
March 1st, 2015 - 04:55 GMT

New approach: Dubai launches mega artistic campaign to promote Expo 2020, changes logo

Al Bawaba
February 27th, 2015 - 10:15 GMT

Defying nature, logic, and God's will? Dubai plans to build a 'tropical rainforest'

Al Bawaba
February 27th, 2015 - 10:08 GMT

Lebanon's clearly missing out: Israel to invite firms to bid for 10 Golan oil blocks

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