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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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Dubai Court Approves Arabtec Holding Bankruptcy Request
June 22nd, 2021 - 08:00 GMT

Dubai Court Approves Arabtec Holding Bankruptcy Request

Qatar: No Need For Selling Bonds After Q1 Surplus
June 22nd, 2021 - 07:30 GMT

Qatar: No Need For Selling Bonds After Q1 Surplus

Maple Invest Postpones Buyout of Dubai Developer DAMAC
June 22nd, 2021 - 07:00 GMT

Maple Invest Postpones Buyout of Dubai Developer DAMAC

14 Countries Suspended From Entering the UAE
June 22nd, 2021 - 06:30 GMT

14 Countries Suspended From Entering the UAE

P&G Middle East Extends Paternity Leave to 8-Week Paid, Maternity Leave to 14-Week Paid
June 22nd, 2021 - 06:00 GMT

P&G Middle East Extends Paternity Leave to 8-Week Paid, Maternity Leave to 14-Week Paid

Saudi Latest Merger To Allow It To Compete With World's Largest Insurance Investors
June 21st, 2021 - 01:00 GMT

Saudi Latest Merger To Allow It To Compete With World's Largest Insurance Investors

Kuwait: $600 Billion Sovereign Fund Trapped In A Power Struggle
June 21st, 2021 - 12:30 GMT

Kuwait: $600 Billion Sovereign Fund Trapped In A Power Struggle

Egypt: Non-Oil Exports Exceed $2 Billion In May
June 21st, 2021 - 12:00 GMT

Egypt: Non-Oil Exports Exceed $2 Billion In May

Saudi Arabia: Hilton Eyes Quadrupling Hotel Network by 2025
June 21st, 2021 - 11:30 GMT

Saudi Arabia: Hilton Eyes Quadrupling Hotel Network by 2025

Google Warns Over 2 Billion Chrome Users of ‘Zero-Day’ Exploit
June 21st, 2021 - 11:00 GMT

Google Warns Over 2 Billion Chrome Users of ‘Zero-Day’ Exploit

DIFC's FinTech Hive AccelerateHer Programme to Double In Size This Year
June 21st, 2021 - 10:30 GMT

DIFC's FinTech Hive AccelerateHer Programme to Double In Size This Year

UAE's Pharmax Inks Strategic Partnership with Acino
June 21st, 2021 - 10:00 GMT

UAE's Pharmax Inks Strategic Partnership with Acino

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