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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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The agency said that Oman’s fiscal performance last year and in the first few months of 2017 were weaker than was suggested. (File photo)
July 30th, 2017 - 12:27 GMT

Moody's Downgrades Oman, Bahrain Ratings

he initiative falls under the Government Accelerators Program aimed at fast-tracking government services to meet the objectives of the country’s National Agenda.
July 30th, 2017 - 12:13 GMT

UAE Ministry of Health & Prevention Completes Experimental Phase of ‘Mabrouk Mayak’ at Al Qassimi Hospital

Final mid-week sale of Dubai Summer Surprises (DSS) offers discounts from leading fashion labels. (GN)
July 30th, 2017 - 12:09 GMT

72-Hour Sale: More Bargains From Fashion Labels in Dubai

The airline also achieved a net profit of JD1.5 million during the month of June, compared to a JD2.1 million net loss in the same month of 2016.
July 30th, 2017 - 12:02 GMT

Royal Jordanian Shows First Progress in Turnaround With JD1.5 Million Net Profit for June After Cumulative Half Year Losses

Ahmad Bin Shafar, CEO of Empower.
July 30th, 2017 - 11:37 GMT

Empower Re-Certified ISO27001:2013 for Information Security by British Standards International

Tangier Port- Morocco
July 30th, 2017 - 11:27 GMT

ADFD Finances 76 Development Projects in Morocco Worth AED9 Billion

Saudi Arabia, Egypt, the UAE and Bahrain cut ties with Qatar on June 5, accusing it of backing terrorist groups. (AFP/ File)
July 30th, 2017 - 11:26 GMT

Arab States to Impose ‘More Economic Sanctions on Qatar’

Private deposits in Oman are on the rise. (Photo courtesy of Bank Muscat)
July 30th, 2017 - 11:11 GMT

Commercial Banks in Oman See 2.5 Percent More Private Deposits

Kempinski Hotel and Residence Palm Jumeirah is also home to fresh innovative cuisines spanning from traditional gastronomies to delectable treats served outdoors.
July 30th, 2017 - 11:03 GMT

Explore the Summer Paradise With Kempinski Hotel & Residences Palm Jumeirah

Remittances by foreign workers have witnessed a steady fall in recent months as banks in Kingdom reported a gradual decline in foreign remittances. (AFP/ File)
July 30th, 2017 - 10:59 GMT

Foreign Remittances From Saudi Arabia Decline by 34 Percent in June

During the event
July 30th, 2017 - 10:38 GMT

UAE Ministry of Health and Prevention Performs First Successful Cochlear Implant of ‘Help Me Hear’ Program

Qatar Airways’ Canberra flights will be served by a 358-seater Boeing 777-300 aircraft.
July 30th, 2017 - 10:27 GMT

Qatar Airways Spreads Its Wings Across Australia

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