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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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Visitors check boats docked at the Dubai International Marine Club during the Gulf emirate's international Boat Show on February 28, 2017. (Karim Sahib/ AFP)
July 3rd, 2017 - 01:37 GMT

When It Comes to Investing Their Millions, UAE's Super Rich Like Diversification

Your move, Apple. (Pixabay)
July 3rd, 2017 - 01:14 GMT

Samsung Is Building the World's Largest OLED Display Factory

Women, traditionally being home makers and mothers, have always handled multiple tasks at the same time. (Pexels)
July 3rd, 2017 - 01:07 GMT

Women Are Better at Multitasking Than Men, and Here's the Proof

UAE and Saudi Arabia have the highest percentage of regular savers in the Gulf region. (File photo)
July 3rd, 2017 - 01:02 GMT

UAE, Saudi Arabia Top-Saving Countries in GCC: Report

Every Emirates ID has a PIN that contains all your sensitive information. (Khaleej Times)
July 3rd, 2017 - 12:52 GMT

Your Emirates ID Has a Secret PIN, and it Contains All Your Personal Info

Egypt's decision to hike fuel prices will reflect on the cost of carrying out construction projects. (File photo)
July 3rd, 2017 - 12:41 GMT

Egypt: New Fuel Prices Push Construction Costs by up to 15 Percent

Dollar climbs, rebounding from last week's sharp loss. (File photo)
July 3rd, 2017 - 11:47 GMT

Dollar Climbs From Last Week's Loss, But Still Under Pressure

The accolade was received in June in Cannes, France as part of the Festival’s awards ceremony, which also saw the shortlisting of Royal Jordanian’s Fear of Flying video.
July 3rd, 2017 - 11:30 GMT

Royal Jordanian Crowned With Prestigious Award at the 2017 Cannes Lions International Festival of Creativity

Turkey's annual inflation rate falls to a four-month low, according to a report. (File photo)
July 3rd, 2017 - 11:29 GMT

Turkey's Inflation Falls to Four-Month Low in June: Report

Oil prices on Friday logged their biggest weekly gain since mid-May. (AFP/ File)
July 3rd, 2017 - 11:15 GMT

Oil Prices up as Saudi Arabia Extends Deadline on Qatar Demands

Stephen Hawking. (AFP)
July 3rd, 2017 - 10:55 GMT

'Trump Risks Turning Earth Into Boiling Venus,' Says Stephen Hawking

Rixos The Palm Dubai Aerial View
July 3rd, 2017 - 10:47 GMT

Rixos the Palm Dubai Records Highest Occupancy Rates During the Holy Month of Ramadan

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