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BUSINESS

BUSINESS latest

Oil flows shift as Trump raises Hormuz concerns
April 10th, 2026 - 12:05 GMT
Osama Ali

Osama Ali

Oil flows shift as Trump raises Hormuz concerns

ALBAWABA - As rising tensions continue to disrupt international energy markets, U.S. President Donald Trump has cautioned Iran against charging tolls to ships traveling through the Strait of Hormuz. The alert comes after rumors that Tehran would impose fees on oil tankers passing through the vital canal, which could put more pressure on already precarious supply routes. Global oil prices have sharply increased as a result of the ongoing turmoil ...
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Some neighborhoods in Riyadh have a lot of runaway expat workers who do not have any ID documents and can be seen walking the streets searching for random jobs. (AFP/ File)
August 6th, 2017 - 10:11 GMT

Saudi Arabia Cracks Down on Employment of Runaway Workers, Housemaids

MasterCard
August 6th, 2017 - 10:10 GMT

Mastercard Brings Summer Bonanza to Cardholders in KSA

The higher expenses were due to “increased spend promoting Aldar properties throughout the region, particularly Saudi Arabia.” (File photo)
August 6th, 2017 - 10:00 GMT

Abu Dhabi's Aldar Boosts Marketing Spending as Revenue, Profit Fall

DoubleTree by Hilton
August 6th, 2017 - 09:59 GMT

DoubleTree by Hilton Jeddah Set to Open in 2020

Hamad Obaid Al Mansoori, TRA director general, received the certificates during a special meeting with Ahmad AlKhatib, director general of the British Standards Institute in the Middle East, in TRA’s office. (Trade Arabia)
August 6th, 2017 - 09:56 GMT

UAE's TRA Achieves Three ISO Certificates

The loan brings to over $10 billion Oman’s external borrowing in 2017. (File photo)
August 6th, 2017 - 09:49 GMT

Heavily Indebted, Oman Uses $3.5 Billion Chinese Loan to Balance the Books

Tarek Sultan, Agility vice chairman and CEO. (Trade Arabia)
August 6th, 2017 - 09:48 GMT

Agility Q2 Net Profit Jumps 12 Percent to Over $55 Million

With two other hotel brands under Emaar Hospitality Group – Address Hotels + Resorts and Rove Hotels – the company now has 11 operational hotels in Dubai
August 6th, 2017 - 09:40 GMT

Emaar Hospitality Plans New Hotel Linked to the Dubai Mall

Iraq is oil rich and has significant potential for economic development and growth. (File photo)
August 6th, 2017 - 09:30 GMT

Moody's Assigns Caa1 Issuer Rating to Iraq, Outlook Stable

The Q9 is set to solidify Samsung’s top position in the global ultra-premium TV market. (Trade Arabia)
August 6th, 2017 - 09:30 GMT

Samsung Launches 88-Inch Ultra-Large QLED TV

Ahmad Bin Shafar, the CEO
August 6th, 2017 - 09:23 GMT

Empower to Participate at World Green Economy Summit (WGES 2017)

The new scheme aims to provide housing at rents ranging from Dh70 ($190.59) to Dh2,100 ($571.76) per month. (File photo)
August 6th, 2017 - 09:21 GMT

Abu Dhabi Launches New Affordable Housing Plan for Low-Income Groups

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