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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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The construction timeline for the 2,117km-long $200 billion GCC Railway Network that will link all six countries had been pushed back to 2021 from 2018 in the aftermath of the oil price plunge. (Shutterstock)
February 7th, 2017 - 08:07 GMT

MENA rail projects chug along, but is pan-GCC network a distant reality?

Millennium Resort Mussanah
February 7th, 2017 - 07:36 GMT

Millennium Resort Mussanah celebrates every kind of love this Valentine’s Day

Deloitte
February 7th, 2017 - 07:01 GMT

Deloitte Global Health Care Outlook: Sector challenges and considerations for 2017

In the second phase, the UAE will seek to attract talents in research, technical, cultural and scientific fields. (Shutterstock)
February 7th, 2017 - 07:00 GMT

Foreigners welcome here: New UAE visa scheme courts highly qualified professionals

Tarek Saadi, Head of GCC and Pakistan at Ericsson
February 7th, 2017 - 06:58 GMT

Ericsson participates as Digital Innovation Partner at BITEX Bahrain 2017

DP World
February 7th, 2017 - 06:32 GMT

DP World reports 3.2% volume growth in 2016 and 6.0% volume growth in 4Q 2016

A panel session from the Asian Forum on Global Governance in New Delhi, in which WISE recently participated
February 7th, 2017 - 06:22 GMT

WISE participates in Asian Forum on Global Governance and the Raisina Dialogue

Kuwait Opera House image courtesy of Sahar Ghazale/Twitter.
February 7th, 2017 - 06:00 GMT

No casualties reported in Kuwait’s opera house fire

Recently, members of Oman’s Shura Council called for fuel prices to be fixed annually instead of monthly and to help low income families afford fuel. (Shutterstock)
February 7th, 2017 - 05:28 GMT

Bring subsidies back? Call for 'fuel stamps' to help the poor in Oman

Qatar Foundation
February 7th, 2017 - 05:10 GMT

Qatar National Library lecture explores global economic forecasts

Oman Oil Marketing Company
February 7th, 2017 - 04:44 GMT

Oman Oil Marketing company welcomes Mohammed Al Thuhli home after captivating millions on zZd raseedak

The GCC economies are forecast to recover in 2017, except Oman and Bahrain. (File photo)
February 6th, 2017 - 01:00 GMT

Most GCC economies expected to recover for 2017 following 2016 slowdown

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