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BUSINESS

BUSINESS latest

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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Saudi Arabia began collecting fees from expats and their dependents on July 1, 2017. (File photo)
July 4th, 2017 - 12:33 GMT

Saudi Arabia: New Expat Tax to Generate $709 Million in 2017-2018

Egypt had been holding talks with Disney since March to lift the ban. (Pixabay)
July 4th, 2017 - 12:19 GMT

Disney Lifts Ban on Merchandise Produced in Egypt: Minister

An elderly refugee from northern Mali stands under the shade of a tree at the Mangaize refugee camp on June 2, 2012. (Issouf Sanogo/ AFP)
July 4th, 2017 - 12:11 GMT

Saudi Arabia's IDB Approves $1 Billion for Development Projects in Asia, Africa

Share prices scroll across a screen hanging in a Paris stock exchange. (Eric Piermont/ AFP)
July 4th, 2017 - 12:00 GMT

European Stocks Tumble on North Korea's Missile Test Announcement

Oxford Business Group
July 4th, 2017 - 11:59 GMT

Competition Offers SR10,000 Prize to Saudi Photographers

The hike in fuel prices is sparking fears of a further increase to inflation and the cost of food in Egypt. (AFP/ File)
July 4th, 2017 - 11:56 GMT

Egypt: Sudden Hike in Fuel Prices Sparks Fears of Inflation, Increased Food Costs

Mobily provides its customers through “Neqaty” program a collection of valuable and wide rewards that meets their expectations and needs. (Mobily)
July 4th, 2017 - 11:51 GMT

Booking.com Becomes Mobily’s Neqaty Partner

SAMA will not provide additional time for insurance companies to appoint Saudis in specific jobs. (SAMA)
July 4th, 2017 - 11:42 GMT

SAMA to Saudize Insurance Jobs

North Korea claims to have conducted its first successful test of a long-range missile that it says can "reach anywhere in the world." (AFP)
July 4th, 2017 - 11:38 GMT

Gold Prices Bounce Back After North Korea Announces Missile Test

Nawaf Al-Sahhaf, chief executive officer of Badir. (AN)
July 4th, 2017 - 11:27 GMT

KACST Badir Program to Set up 600 More Companies to Provide 3,600 Jobs

It's 'business as usual' in Qatar, according to Saad Sharida Al-Kaabi, CEO of Qatar Petroleum. (AFP/ File)
July 4th, 2017 - 11:09 GMT

Qatar to Boost Gas Production by 30 Percent, Defying Gulf Blockade

A fall in oil exports from OPEC countries will lead to a rise in prices. (File photo)
July 4th, 2017 - 11:01 GMT

Oil Prices to Rebound in July as OPEC Exports Fall: Analysts

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