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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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Saudi Basic Industries Corp (SABIC), the Gulf’s biggest list company and one of the world’s top petrochemical producers, will pay two months’ basic salary to Saudi employees.
February 4th, 2015 - 04:55 GMT

Imitating royal handouts: Saudi Arabia's largest companies to issue free bonuses (to nationals only of course)

Al Bawaba
February 4th, 2015 - 04:55 GMT

'Targets surpassed': Etihad Airlines posts 23% increase in passenger numbers

Al Bawaba
February 3rd, 2015 - 09:26 GMT

Keeping up the fight for market share: Saudi Arabia expected to offer further oil discounts to Asia in March

The funds are part of the Obama administration’s $58 billion request for Overseas Contingency Operations.
February 3rd, 2015 - 08:58 GMT

Obama requests $8.8 billion to 'bolster' Iraqi fight against Daesh

Brent crude oil futures were up $1.90 cents at $56.65 a barrel as of 0934 GMT. US WTI futures were at $51.08 a barrel, up $1.51 cents.
February 3rd, 2015 - 08:53 GMT

$30 price still an option: Oil prices slightly rebound for first time in a while

Al Bawaba
February 3rd, 2015 - 08:29 GMT

New year, new economic jargon? Global economy enters 'transflation' phase

The channel, owned by Saudi Prince Alwaleed bin Talal, said on its Twitter account that broadcasting has "stopped for technical and administrative reasons and that it will be back soon."
February 3rd, 2015 - 06:55 GMT

Jinxed much? Al-Walid Bin Talal's new channel goes off-air hours after launch

Al Bawaba
February 3rd, 2015 - 05:55 GMT

Didn't they deport them the last time around? Saudi Arabia to resume hiring of Bangladeshi workers

Al Bawaba
February 3rd, 2015 - 04:55 GMT

The band-aid solution? Saudi stocks jump on King Salman's salary bonus

The invite-only basis basically means that users will get a call through WhatsApp from someone who already has the feature updated.
February 3rd, 2015 - 04:55 GMT

Catching up: WhatsApp quietly launches new voice calling feature

Al Bawaba
February 3rd, 2015 - 04:55 GMT

Getting creative after the oil crisis? Saudi Arabia's massive new sugar refinery to start in 2017

Al Bawaba
February 2nd, 2015 - 06:40 GMT

Flying high: Etihad Airways appoints first female airport manager

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