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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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Alexbank's new much-anticipated web series “Ask the Expert with ALEXBANK” provides banking and financial advise. (Screengrab)
February 6th, 2017 - 12:19 GMT

Need banking advice? Become an expert with this new Egyptian web series

There are 19 professions closed to guest labour, while regarding jobs open for these workers, there are set quotas for foreign labour, including 40 per cent in gas stations. (AFP/File)
February 6th, 2017 - 12:00 GMT

One million foreign workers in Jordan estimated to be illegal

Bagless MC-CL560
February 6th, 2017 - 11:31 GMT

Panasonic launches new bagless MC-CL560 series to expand current Vacuum Cleaner Lineup in Middle East & Africa

During the event
February 6th, 2017 - 11:19 GMT

Huawei and the Kuwaiti Ministry of State for Youth Affairs join forces to boost ICT skills of Kuwaiti Youth

Egypt has been struggling to boost its foreign currency reserves in the political and economic turmoil following the January 2011 uprising that toppled former ruler Hosni Mubarak. (AFP/Patrick Baz)
February 6th, 2017 - 11:00 GMT

Egypt’s foreign reserve expected to make a comeback by the end of January at $26 billion

HE Saeed Mohammed Al Tayer MD&CEO - DEWA
February 6th, 2017 - 10:56 GMT

DEWA organises second ExO Sprint workshop to explore new water and electricity technologies

ADNOC Distribution
February 6th, 2017 - 10:46 GMT

ADNOC Distribution opens Al Rgayyb Service Station in Western Region

A few years ago, Samra launched Marwa Fayed's Toy Run, an NGO dedicated to bringing toys to underprivileged children. (Twitter)
February 6th, 2017 - 10:42 GMT

‘Kidathon’ round two: Egyptian kids run for Syrian refugee cause

The exchange rate had hovered between 3.71 and 3.69 over the past two days and started trading at 3.6950 as of 9 a.m. (0600GMT) Monday morning. (File photo)
February 6th, 2017 - 10:00 GMT

On a roll: Turkish lira rate on four-week high against US dollar

Burgan Bank Visa Infinite + Signature Card
February 6th, 2017 - 09:26 GMT

Burgan Bank introduces new Visa Debit Cards to its Private and Premier

Tesla's founder Elon Musk is also behind the UAE's concept for a Superloop system. (Shutterstock)
February 6th, 2017 - 09:24 GMT

Tesla rolling into oil-rich UAE, launching first operations in MENA region

Elie Younes, Executive Vice President & Chief Development Officer of The Rezidor Hotel Group
February 6th, 2017 - 09:20 GMT

Rezidor signs two new Radisson Blu hotels in Dubai

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