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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
December 28th, 2014 - 01:37 GMT

Egypt cracks wheat deal with Russia: Cairo to import 120,000 T Russian grain in Jan

Al Bawaba
December 28th, 2014 - 12:17 GMT

Oman's financial flurry ahead of 2015: BankDhofar to raise capital by up to OMR 115.5 m (USD 300 m), plans bond issue

Al Bawaba
December 28th, 2014 - 07:18 GMT

Egypt Air flying low: the flagship airline scored LE 10 bn (1.4 bn USD) in losses last 3 yrs

Power rental market in Qatar is projected to grow at a CAGR of 23.3 per cent over the next six years
December 28th, 2014 - 04:40 GMT

Qatar rising! Doha forecast to become a top power rental market

Al-Sayed said the open-door policy of the seventies and the economic reform programme at the beginning of the nineties led to a rapid economic transformation.
December 25th, 2014 - 04:55 GMT

Merry Christmas indeed! 2014 declared Egypt's best economic year since January 2011

Al Bawaba
December 24th, 2014 - 05:46 GMT

A coal coalition between Egypt and China sees a renewed burst of energy for joint power generation

Al Bawaba
December 24th, 2014 - 02:24 GMT

With some items expired for 20 years, Lebanon's airport food storage conditions deemed 'disastrous'

Al Bawaba
December 24th, 2014 - 01:43 GMT

When helping NGOs does not pay off: Police arrest Israeli deputy minister Fania Kirshenbaum on charges of funneling funds to non-profit organizations

Al Bawaba
December 24th, 2014 - 12:04 GMT

Lebanese banks on the straight and narrow, complying with international law - World Union of Arab Bankers

Al Bawaba
December 24th, 2014 - 11:20 GMT

Evaporating hopes: US-Israeli gas deal a step closer to being scrapped

Authority will soon replace power meters in all residential, commercial and industrial buildings in Sharjah
December 24th, 2014 - 05:14 GMT

Sharjah on a power high! Smartens up its act with 'smart meters' to read electricity and water consumption

The rate of rental growth in the UAE emirate is slowing with no change recorded in prime rents in the three months to the  end of September
December 24th, 2014 - 04:40 GMT

Dubai losing grip as global rental growth supremo, seeing end-of-year prime rentals growth stagnation

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