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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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Earlier this month, the Cabinet decided to deduct 10 per cent of any sum above JD2,000 in monthly salaries of civil servants, and set a cap of JD3,500 on public sector salaries. (Shutterstock)
February 9th, 2017 - 02:00 GMT

Jordan increases minimum wage, raises taxes to narrow deficit

The 18-hole course, designed by Gil Hanse, is part of Damac Hills, near Dubai Studio City and Arabian Ranches, a large residential neighbourhood popular with expats. (YouTube)
February 9th, 2017 - 01:00 GMT

Trump's sons to officially open Trump International Golf Club at Damac Hills Dubai

Almost 3,000 textile workers in Mahalla El-Kubra, mostly women, staged a strike on Tuesday to demand better pay. (Ahram)
February 9th, 2017 - 12:00 GMT

Egypt: Fearing dismissal, Mahalla textile workers end strike

Jazeera Airways reports 52.8 million in revenues,  and 10.8 million in net profit for 2016
February 9th, 2017 - 11:25 GMT

Jazeera Airways reports 52.8 million in revenues, and 10.8 million in net profit for 2016

Gartner analysts will examine key industry trends during Gartner Symposium/ITxpo 2017 in Dubai, 28 February – 2 March.  (Shutterstock)
February 9th, 2017 - 11:00 GMT

MENA public cloud services market expected to reach nearly $2M by 2020: Gartner

Lufthansa Technik Middle East begins operations at Dubai South
February 9th, 2017 - 10:50 GMT

Lufthansa Technik Middle East begins operations at Dubai South

The American University of Ras Al Khaimah (AURAK)
February 9th, 2017 - 10:39 GMT

AURAK and Du sign MoU to collaborate on 5G and IoT development

During the event
February 9th, 2017 - 10:26 GMT

Tiger Woods tours His golf course design at DAMAC Properties’ AKOYA Oxygen

During the event
February 9th, 2017 - 10:15 GMT

Emirates Palace grants the wishes of Ill children

Egypt owes $3.5B  to foreign oil companies but a foreign currency shortage has made the drawing down of those debts more difficult. (File photo)
February 9th, 2017 - 10:00 GMT

Egypt repays $630M debt to Eni for Zohr gas field development

Ramlat Al Jadilah is situated in Al Rub Al Khali (The Empty Quarter), the largest sand desert in the world. (Shutterstock)
February 9th, 2017 - 09:44 GMT

Saudi researcher discovers world's highest sand dune in Oman

During the event
February 9th, 2017 - 09:37 GMT

du and Etihad Guest announce major partnership and introduce all new Smart Plan Platinum offering unprecedented benefits

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