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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 22nd, 2014 - 05:00 GMT

Leading the way -- Qatar the first to receive Airbus A350

Al Bawaba
December 22nd, 2014 - 04:00 GMT

Technology to give rise to "Supertasker" -- report

Al Bawaba
December 22nd, 2014 - 02:00 GMT

Is a recession on the new year horizon for oil-concerned UAE?

The World Islamic Travel Summit will focus on the theme of  "driving the Halal tourism revolution" (File Archive/ AFP).
December 22nd, 2014 - 01:00 GMT

`Booming´ Halal tourism set to stun at 2015 summit in Abu Dhabi

Al Bawaba
December 22nd, 2014 - 11:26 GMT

Egypt goes against the local grain, buys 300,000 tonnes of Russian and French wheat to feed its masses

Al Bawaba
December 22nd, 2014 - 10:00 GMT

Microsoft and Du to partner over online shopping

Al Bawaba
December 22nd, 2014 - 09:57 GMT

Debunking the sleepy Arab myth! Almost 90% of MENA employees work their holidays down the drain-- report

Al Bawaba
December 22nd, 2014 - 08:36 GMT

Oman Air wins top airline 2014 for economy class

The new visa system would garner huge revenues for the regional tourism sector and help facilitate financial and administrative procedures.
December 22nd, 2014 - 04:55 GMT

Wise words: "Expats should be allowed to travel around GCC," says official.

Al Bawaba
December 22nd, 2014 - 04:55 GMT

Quick Survey: what smart phone was 2014's best?

The figure does not include the cost of services and infrastructure borne to accommodate refugees in the hosting countries.
December 22nd, 2014 - 01:51 GMT

Daesh has cost 6 of the Middle East's economies a total of $35 billion, says World Bank

Al Bawaba
December 21st, 2014 - 05:43 GMT

Winners and losers: Declining oil prices to close Egypt's budget gap by $5.5 billion

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