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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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The canal, the fastest shipping route between Europe and Asia, earns Egypt around $5 billion per year, a vital source of hard currency in a country whose tourism and foreign investment have slumped
February 27th, 2015 - 09:52 GMT

Militarizing the economy? Egypt army could play role in new Suez lifeline

Al Bawaba
February 26th, 2015 - 10:30 GMT

Long-awaited: Jordan, Israel sign agreement to bring Dead Sea back to life

Flights will be subject to increased safety and security requirements, the regulator said.
February 26th, 2015 - 09:58 GMT

UAE regulator lets airlines resume Baghdad flights after shooting

Al Bawaba
February 26th, 2015 - 09:50 GMT

What about gas? Qatar investment 'slowing as oil slumps'

Al Bawaba
February 26th, 2015 - 09:29 GMT

Living vicariously through Qatar? Bahrain plans mega projects for World Cup

Al Bawaba
February 26th, 2015 - 09:19 GMT

Back on track? Iran launches $2.7bn high-speed rail project

Al Bawaba
February 26th, 2015 - 08:57 GMT

An impending bonanza? Hurdles for joint Abu-Dhabi olympic bid cleared

The promotional campaign is oriented towards the Arab market, to support inter-Arab tourism, according to a Tourism Ministry statement released Wednesday.
February 26th, 2015 - 08:20 GMT

Don't look far: 'Egypt is Close' campaign launched to attract Arab tourists

Al Bawaba
February 26th, 2015 - 07:57 GMT

Well-earned: survey ranks Jordan's Queen Alia airport as best in the Middle East

Most of this wealth was believed to have been transferred abroad under false names or the names of others holding the assets on his behalf.
February 26th, 2015 - 04:55 GMT

Yemen ex-president accumulated $60 billion in wealth

He noted that despite the challenges, the Kingdom’s reforms have “greatly” contributed to improving most economic and financial indicators.
February 25th, 2015 - 07:37 GMT

Under scrutiny: IMF team reviewing Jordanian economic reforms

Al Bawaba
February 25th, 2015 - 03:26 GMT

Not in a 100 years: November/December 'best option' for Qatar World Cup, says FIFA task force

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