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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 price the Dewa managed to get for phase two of the Mohammed bin Rashid Al Maktoum Solar Park has set a new world record in photovoltaic power projects.
February 16th, 2015 - 06:27 GMT

UAE stocks jump on 'stronger' crude

Around 3,500 investors and financial institutions from 120 countries are expected to participate in the conference.CFH will promote four projects in the fields of transportation, real estate development, tourism, petrochemical and industry during the conference.
February 16th, 2015 - 06:21 GMT

Financing grand aspirations: three major investment banks take on Egypt's development projects ahead of Economic Summit

Al Bawaba
February 16th, 2015 - 08:49 GMT

The glut persists: oil prices dip once again after 'firm start'

Al Bawaba
February 16th, 2015 - 08:36 GMT

The battle for market share intensifies: Iran, Iraq fight for Asian oil buyers with monumental discounts

Al Bawaba
February 16th, 2015 - 04:35 GMT

Shouldn't it invest in itself first? Lebanon 'key' investor in Egypt

The gang, which Kaspersky dubbed Carbanak, takes the unusual approach of stealing directly from banks, rather than posing as customers to withdraw money from companies’ or individuals’ accounts.
February 16th, 2015 - 04:18 GMT

An 'unprecedented' robbery: Cybercrime gang steals $1B from banks

The fields in Abu Dhabi produce 1.6 million barrels per day and are expected to reach 1.8 million bpd from 2017, which would account for 6 percent of Total’s output.
February 15th, 2015 - 05:19 GMT

Total CEO boasts new Abu Dhabi 'blockbuster' concession

Al Bawaba
February 15th, 2015 - 05:03 GMT

A 'unique' excuse? Air Arabia marks 30% profit drop, blames fuel hedging

Al Bawaba
February 15th, 2015 - 04:58 GMT

Outperforming Dubai? Abu Dhabi records 25% surge in tourists

Al Bawaba
February 15th, 2015 - 11:25 GMT

An export contract, finally: Egypt first to buy French Rafale Jets for $5.9 billion

The statement did not make immediately clear whether al-Mady would be leaving his post at Saudi Basic Industries Corp.
February 15th, 2015 - 10:21 GMT

New Saudi King appoints SABIC CEO as head of military industry

Al Bawaba
February 15th, 2015 - 10:14 GMT

All on board: Dubai World receives 100% creditor assent for $14.6bn debt deal

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