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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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Zain Saudi Arabia also reported a 13% increase in gross profit to reach SR1,259 million for Q2 2017.
August 1st, 2017 - 08:53 GMT

Zain Saudi Arabia Continues Strong Results in 2Q 2017

The project aims to develop “exceptional resorts” on more than 50 natural islands in the Red Sea. (File photo)
August 1st, 2017 - 08:52 GMT

Saudi Arabia Unveils Plans for Maldives-Inspired, Massive Red Sea Tourism Project

Aramex
August 1st, 2017 - 08:36 GMT

Aramex Sees 4 Percent Revenue Growth in Q2 2017

A new mall will rise in Abu Dhabi and it is envisioned to be the next lifestyle destination in the UAE capital.
August 1st, 2017 - 08:33 GMT

Majid Al Futtaim to Build First-Ever City Centre Mall in Abu Dhabi

Dubai Investments
August 1st, 2017 - 08:29 GMT

Dubai Investments Reports Rising Rent Income Despite Profit Decline

Mashreq Bank
August 1st, 2017 - 08:29 GMT

Mashreq Bank Appoints New Head of Private Banking

The contract covers the design and construction of the main works for 1,296 villas
August 1st, 2017 - 08:22 GMT

Dubai’s Arabtec Wins Dhs628 Million Contract From Damac for Akoya Oxygen Project

Share Your “Great Moments” at Carrefour
August 1st, 2017 - 08:14 GMT

Share Your “Great Moments” at Carrefour With P&G and Show Your Love to Those Who Make You the Happiest

A celebratory event was organized to mark the successfully transaction on July 30.
August 1st, 2017 - 07:47 GMT

Bank ABC Closes $125 Million Syndicated Loan for Bahrain Commercial Facilities Company

Friday Brunch and Theme Nights at Arjaan by Rotana
August 1st, 2017 - 07:16 GMT

Arjaan by Rotana Introduces New Dining Options to Step up Weekend Excitement

Friday Brunch and Theme Nights at Arjaan by Rotana
August 1st, 2017 - 07:16 GMT

Arjaan by Rotana Introduces New Dining Options to Step up Weekend Excitement

During the Ceremony
August 1st, 2017 - 07:13 GMT

Access World to Build a 3PL Facility in Jebel Ali Free Zone

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