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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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Expats will no longer need approval from their existing employer to change jobs if they complete the length of a fixed-term contract. (File photo)
December 13th, 2016 - 06:00 GMT

Qatar's new labor law abolishes controversial kafala system

A work plan for the first stage of development calls for about 1.2 billion cubic feet of natural gas per day through an investment of between $3.5 billion and $4 billion. (File photo)
December 13th, 2016 - 05:18 GMT

Israel's Leviathan gas deals estimated to reach $2B

88.8 FM
December 13th, 2016 - 04:40 GMT

Ooredoo visits FM 88.8 “Q8 Pulse”

SMC Building
December 12th, 2016 - 01:46 GMT

Well Investments Research rate SMC (6273:JP) as strong sell with 45%-85% downside


The survey shows support for Small and Medium size Enterprises (SMEs) is important for economic diversification. (File photo)
December 12th, 2016 - 01:00 GMT

Tourism, trade, technology are key factors in MENA diversification: Survey

The majority of assembly members won their seats on November 25 by vowing to reject government austerity measures that impact Kuwaiti citizens. (AFP/Amr Ahmad)
December 12th, 2016 - 12:00 GMT

Kuwait: Infrastructure and austerity expected as part of new economic plan

 
Kurdistan Prime Minister Nechirvan Barzani called the deal as a significant step that will help improve the daily lives of the citizens of Erbil and Sulaimani. (File photo)
December 12th, 2016 - 11:00 GMT

UK's Biwater secures $1.2B water infrastructure contract in Kurdistan

Kevin Cha, President, LG Electronics, Middle East & Africa
December 12th, 2016 - 10:30 GMT

LG’s brand strength and market leadership ensure the ‘premium’ route forward

DGCX,
December 12th, 2016 - 10:26 GMT

DGCX and CGSE sign MoU to boost precious metals market development

During the event
December 12th, 2016 - 10:12 GMT

Hawthorn Suites by Wyndham unveils VIP check-in for kids

Mohammed Mahfouz Bin Mahfouz, VP of Elaf Travel Tourism Company
December 12th, 2016 - 10:06 GMT

Rail Europe appoints Elaf Travel & Tourism as GSA in Saudi Arabia


The bulk of the cuts—300,000 barrels a day—have been pledged by Russia, which produces more crude oil than any other country. (Shutterstock)
December 12th, 2016 - 10:00 GMT

Oil prices surge after non-OPEC countries join production cut

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