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Shipping & Logistics
April 24th, 2026 - 01:19 GMT
Osama Ali

Osama Ali

Giant oil tankers power economies while carrying Billion-Dollar spill risks

ALBAWABA - Massive oil tankers continue to be an essential part of the world's energy supply chain, carrying millions of barrels of crude oil across oceans and guaranteeing the survival of economies and businesses all over the world. But despite their strategic significance, these ships also pose serious operational and environmental dangers, especially in the case of mishaps or deliberate interruptions. In order to reduce the possibility and damage of ...
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Falih said Aramco’s refining capacity would be between 8 million to 10 million barrels a day (bpd) in the coming years, a figure exceeding the goal cited by Aramco in 2012 of 8 million bpd.
May 29th, 2014 - 11:35 GMT

In attempt to keep up with global demand, Aramco will splash $100 billion on downstream investments

Al Bawaba
May 29th, 2014 - 10:43 GMT

Let's wait and see first: Sisi's landlslide win predicted to attract billions of dollars in GCC investments

Losses were estimated at $143.8 billion, a figure the report said was based on estimated damage to residential and state buildings.
May 29th, 2014 - 10:09 GMT

Syrian economy headed 'into ruins'

Earlier on Wednesday, Reuters cited an anonymous source in the Egyptian government as saying they were studying imposing new taxes on capital gains in the bourse as well as on dividends.
May 28th, 2014 - 06:56 GMT

More like apathy? Egypt's stocks fall on election uncertainty

Greenbox has purchased the centerpiece of the exhibition, entitled The Question, which was created by Al-Othman with the intent to provoke personal engagement.
May 28th, 2014 - 06:38 GMT

Wilders surely won't be impressed: Dutch museum purchases Saudi Art

The price of oil inched higher above $104 a barrel Wednesday as the conflicts in Ukraine and Libya posed renewed risks to crude supplies.
May 28th, 2014 - 06:15 GMT

Ukraine, Libya raise oil prices up to $104 barrel

Output from the hydrocarbon sector was a key driver of growth from 2011 onwards when benchmark oil prices were $100 per barrel or above. This is in contrast to world GDP growth, which is recovering at quite a slow pace — below three per cent for the third year in a row — and downside risks fail to subside.
May 28th, 2014 - 05:47 GMT

Egypt and Yemen included? MENA economies to grow faster than the rest of the world

Al Bawaba
May 28th, 2014 - 05:40 GMT

Settling things properly: Dubai sets up 'dispute settlement authority' for businesses

Al Bawaba
May 28th, 2014 - 05:24 GMT

Arabtec takes lion's share of Dubai Financial Market, restricts trading in other shares

Under Jordanian labour laws, an unlicensed change of activity is considered a violation of the law, and the number of Egyptian workers in violation of the law is unofficially estimated to be between 750,000 and one million workers.
May 28th, 2014 - 04:59 GMT

Feeling tough these few days? Jordan to deport 260 Egyptians for labor law violations

Qatar's emir has instructed all companies listed on the country's stock exchange to raise their limit for foreign ownership to 49 percent in a move that could attract more liquidity to the buoyant bourse.
May 27th, 2014 - 10:26 GMT

Welcoming liquidity: Qatar firms ordered to raise foreign ownership cap to 49%

Passenger traffic through Dubai’s main airport, one of the world’s busiest, rose 13.7 per cent from a year earlier to 6.16 million people in April, the airport operator said on Tuesday.
May 27th, 2014 - 09:39 GMT

They keep coming: Dubai airport traffic up 13.7% in April alone

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