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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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Divisions over proposed taxes to finance public sector's salary hikes in Lebanon might delay or even scuttle the motion. (AFP/ File)
June 29th, 2017 - 07:09 GMT

Lebanon: Divisions Over Taxes Delaying Salary Hikes for Public Sector

Qatar’s currency is under pressure. (Reuters)
June 29th, 2017 - 06:35 GMT

Global Banks, Exchanges Refusing Qatari Riyals Amid Crisis

The workers from Bangladesh, India, Pakistan and Nepal have been left without accommodation and money. (AFP/ File)
June 29th, 2017 - 12:17 GMT

Saudi Arabia: Migrant Workers Stranded as Qatari Bosses Are Forced to Leave

More than 230,000 residents have been displaced and at least 390 people, mostly militants, have been killed in Marawi since May 23, 2017. (AFP)
June 29th, 2017 - 12:01 GMT

Philippines Receives $7.3 Million in Arms From China for Fight in Marawi

Many cybersecurity companies saw their stocks rally in the wake of the “Petya” ransomware attack. (File photo)
June 29th, 2017 - 11:47 GMT

Massive Ransomware Attack Boosts Cybersecurity Stocks

Protesters wave Tunisian flags during a demonstration against terrorism in Paris on June 27, 2015, a day after a deadly attack on a Tunisian beach resort. (Loic Venance/ AFP)
June 29th, 2017 - 11:09 GMT

Tunisia 'Unable to Repay External Debt': Central Bank

The Refugee Health Day was organized by the Global Health Initiative in collaboration with Beyond Association.
June 29th, 2017 - 11:00 GMT

AUB Global Health Initiative Formally Launches Its Refugee Health Program in Bekaa Lebanon

According to government officials, the rule was implemented to stop expatriates switching jobs and joining competing firms.
June 29th, 2017 - 10:44 GMT

Work Ban in Oman: 60 Percent of Poll Respondents Say Yes to NOC

Meraj Asad Khan, Sales & Product Head, Retail Sales Channels (UAE), Karcher
June 29th, 2017 - 10:24 GMT

UAE Switching to Steam for the Ultimate Clean

All Géant stores across the Middle East will be rebranded under the Carrefour name. (AFP)
June 29th, 2017 - 10:13 GMT

Majid Al Futtaim Expands Carrefour in Middle East With Géant Acquisition

SKYJET - Interior
June 29th, 2017 - 10:13 GMT

Lexus Adds Design Flair and Imaginative Technologies to Luc Besson’s Upcoming Sci-Fi Epic Valerian

This asset has a book value of $20 million and the deal is expected to have a positive impact on its financial results for the second quarter of 2017. (Pixabay)
June 29th, 2017 - 09:31 GMT

GFH Exits $55m Promoseven Real Estate Portfolio

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