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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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Operating Theater Exterior
December 27th, 2016 - 11:15 GMT

State-of-the-art operating theaters transform patient care

The six sectors that the Strategy will focus on include aerospace, maritime, pharmaceuticals and medical equipment, aluminium and fabricated metals, food and beverages, and machinery and equipment. (File photo)
December 27th, 2016 - 11:00 GMT

Dubai Industrial Strategy 2030: Sheikh Hamdan issues directives to boost implementation

LG’s levitating speaker expected to mesmerize audience at CES 2017
December 27th, 2016 - 10:55 GMT

LG’s levitating speaker expected to mesmerize audience at CES 2017

During the event
December 27th, 2016 - 10:42 GMT

Samsung Electronics Levant meets the dealers network in the Kingdom

The government was supposed to re-impose the Capital Gains Tax next year, but in November it further postponed it to additional three years. (File photo)
December 27th, 2016 - 10:00 GMT

Egypt: Mismanaged implementation of capital gains tax results in $188M of lost revenue

During the meeting
December 27th, 2016 - 09:29 GMT

MoF holds the third meeting of the Government Financial Policy Coordination Council for 2016

Earlier this year Shuaa Capital laid of 15 percent of its workforce. (File photo)
December 27th, 2016 - 09:00 GMT

Dubai's Shuaa Capital buys 14 percent stake in Bahrain's Khaleeji Commercial Bank

During the event
December 27th, 2016 - 08:57 GMT

DEWA launches leadership programmes in cooperation with Hamdan bin Mohammed Smart University

du instrumental in award winning collaboration to construct SEA-ME-WE 5 - a subsea fiber system connecting continents  - map 1
December 27th, 2016 - 08:38 GMT

du instrumental in award winning collaboration to construct SEA-ME-WE 5 - a subsea fiber system connecting continents

Talks will also focus on accelerating the start of the planned oil and gas pipeline project from Iraq to Jordan. (File photo)
December 27th, 2016 - 08:00 GMT

Discussions put Jordanian-Iraqi oil pipeline construction back in the spotlight

Years of sanctions have left Iran with outdated and unsafe aircraft. (File photo)
December 27th, 2016 - 07:00 GMT

Iran strikes half-price deal on Boeing jets

The introduction of various taxes on expat visas over the next three years is set to push Saudisation and consequently increase labour costs for the corporate sector. (File photo)
December 27th, 2016 - 06:06 GMT

Saudi Arabia's 2017 budget: Higher taxes will increase labor costs

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