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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
February 25th, 2015 - 02:33 GMT

'Skyrocketing': Gulf purchases of drones to surge after US eases export policy

Al Bawaba
February 25th, 2015 - 02:10 GMT

No longer a 'market darling': Saudi’s Mobily to slash dividends after accounting scandal

Al Bawaba
February 25th, 2015 - 01:47 GMT

An overhaul: Turkish Airlines to spend $3.74 billion this year

Bahrain and Saudi Arabia registered an increase of 2.6 per cent, followed by Kuwait with an increase of 2.57 per cent, Oman by 0.22 per cent, the UAE by 1.33 per cent.
February 25th, 2015 - 10:25 GMT

The UAE takes the lead, with everything: GCC records inflation rates of more than 3% in 2014

Ooredoo owns 92.1 per cent of Ooredoo Kuwait.
February 25th, 2015 - 09:59 GMT

Different than Qatar: Ooredoo Kuwait profits completely wiped out

Al Bawaba
February 25th, 2015 - 09:35 GMT

An alternate reality: Saudi oil minister says oil demand is growing

Al Bawaba
February 25th, 2015 - 05:57 GMT

Nothings lasts forever: Dubai rents dropping on oversupply

Al Bawaba
February 24th, 2015 - 09:24 GMT

Small to medium sized steps: Jordan's Central Bank working on supporting SME's

Al Bawaba
February 24th, 2015 - 08:54 GMT

Back to its roots? Egypt plans to halt gas imports by 2020

Al Bawaba
February 24th, 2015 - 08:48 GMT

UAE signs $2.58 billion worth of defence deals in 2 days

Al Bawaba
February 24th, 2015 - 08:43 GMT

Basell III meets Islamic finance: Qatar Islamic Bank approves $1.37 billion sukuk issuance

Obi Mobiles unveiled its second line-up of smartphones for the UAE market during the Dubai Shopping Festival 2015.
February 24th, 2015 - 08:37 GMT

Keeping things modest: Ex-Apple Obi mobile CEO claims 4.3% of UAE market share

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