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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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More than 90 per cent of APC's products are exported to more than 30 countries, spanning Africa, Asia, Europe, and the Middle East. (File photo)
December 19th, 2016 - 05:09 GMT

Jordan's Arab Potash Company signs export deal with China

Panasonic vacuum cleaner
December 19th, 2016 - 04:40 GMT

Panasonic introduces latest range of tough style tank-type vacuum cleaners for Middle East

Earlier this month, Careem announced an expansion strategy aimed at 15 cities across the Middle East. (File photo)
December 18th, 2016 - 12:19 GMT

Saudi Telecom approves purchase of stake in Uber-rival Careem

Lebanon has yet to pass any law allowing for public access to information. (File photo)
December 18th, 2016 - 11:36 GMT

Lebanon: Now is the right time for more transparency in the gas and oil sector

During the event
December 18th, 2016 - 11:34 GMT

Ramada Ajman hotels sweep accolades at Hozpitality Excellence Awards

Car exports represent 4.8 percent of Turkey's total exports in 2014. (Borsatek)
December 18th, 2016 - 11:17 GMT

Turkey eyes $70B trade with Middle East in 2017

During the event
December 18th, 2016 - 11:07 GMT

MD & CEO receives Spanish Ambassador to the UAE and Spanish delegation

There is a fear that banks will play a limited role to financing the state’s general budget deficit through treasury bills and bonds which generates profits without any real effort or cost. (File photo)
December 18th, 2016 - 10:02 GMT

Egypt's banks adopt a wait-and-see strategy on investments

During the event
December 18th, 2016 - 09:43 GMT

Dubai Culture signs MOU with Arabic Language Protection Society

According to a report from South Korea's ETNews, the Galaxy S8 may feature a front-facing camera with autofocus. (File photo)
December 18th, 2016 - 09:29 GMT

The rumor mill: Samsung Galaxy S8

The facility will allow Saudi Aramco to leverage its unique position within the R&D ecosystem at KAUST to accelerate the implementation of the company’s Technology Strategy. (GradSchoolHub.om)
December 18th, 2016 - 09:00 GMT

Saudi Aramco breaks ground on state-of-the-art university research center

Mahmoudia Motors
December 18th, 2016 - 08:50 GMT

Mahmoudia Motors launches Service Clinic Campaign

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