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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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Etihad will codeshare on Lufthansa’s long-haul, non-stop intercontinental services between Frankfurt and Rio de Janeiro, Brazil as well as Bogota, Colombia. (File photo)
December 18th, 2016 - 05:19 GMT

Etihad to begin codeshare with Lufthansa in January 2017

The United States retained its number one position with $622 billion in spending in 2016 and with Saudi Arabia's spend reaching $48.6 billion. (File photo)
December 15th, 2016 - 12:00 GMT

Saudi Arabia is the fifth largest defense spender globally: IHS Jane's

The increase in customer deposits was basically triggered by the financial engineering of the Central Bank that was aimed at boosting the foreign currency reserves of BDL as well as the profitability of the lenders. (File photo)
December 15th, 2016 - 11:00 GMT

Lebanon: Financial inflows up, but so is the deficit

Ericsson
December 15th, 2016 - 10:15 GMT

Ericsson maintains leadership positions in OSS and IRCM Gartner Magic Quadrants

The joint ventures with Nabors and Rowan are part of a strategy to develop a best-in-class drilling industry in Saudi Arabia. (YouTube)
December 15th, 2016 - 10:00 GMT

Saudi Aramco signs new drilling JV with Nabors and Rowan

Search terms in politics dominated Google user inquiries in 2016, for which the US presidential elections topped the list. (Shutterstock/I AM NIKOM)
December 15th, 2016 - 09:58 GMT

This is what Egypt googled the most in 2016

Georgetown University in Qatar (GU-Q) Professor Rory Miller
December 15th, 2016 - 09:10 GMT

Georgetown professor explores the rise of Gulf Countries in new book

Under the current system, expats are banned for going to some hospitals in the morning unless it is an emergency. (File photo)
December 15th, 2016 - 09:00 GMT

Kuwait: China Metallurgical Group Corporation to build two expat hospitals for $530.8M

A rise in policy rates is expected to have a knock-on effect on business and consumer loans, making them slightly more expensive. (Shutterstock)
December 15th, 2016 - 08:01 GMT

Your loans are about to get more expensive

King Abdulaziz International Airport (Jeddah, Saudi Arabia) started its three-stage development with a budget of over US$1.5 billion, with the goal of catering to over 30 million passengers. (File photo)
December 15th, 2016 - 08:00 GMT

GCC states spending $100B in airport expansions to meet passenger demand

Remember that your CV should not just be a list of your job experiences. (File photo)
December 15th, 2016 - 07:39 GMT

Make your CV stand out for the right reasons

Mövenpick new logo
December 15th, 2016 - 07:27 GMT

Mövenpick Hotels & Resorts unveils fresh new logo

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