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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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HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
January 23rd, 2017 - 06:33 GMT

DEWA signs MoU with Dubai Women’s Association to support the community and the environment

Under the December 10 agreement, producers will lower output by nearly 1.8 million barrels per day (bpd) aiming to ease a global glut that has weighed on oil prices for more than two years.  (AFP/Joe Klamar)
January 23rd, 2017 - 06:30 GMT

OPEC launches oil cut compliance committee

The Moral Machine is set in 2050, where everything that can be is automated.  (Shutterstock)
January 23rd, 2017 - 05:52 GMT

Dubai's Moral Machine tests future AI decision making at Davos

This year will also see Bvlgari opening hotels in Beijing and Shanghai, which will be followed by a Moscow presence in 2018-19.  (MyLuxury.it)
January 23rd, 2017 - 05:31 GMT

Bvlgari apartments to bring a touch of bling to Dubai's Jumeirah Bay Island

Hamad Medical Corporation
January 23rd, 2017 - 04:44 GMT

HMC’s Bone and Joint Center to host international surgeon in February

Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World
January 23rd, 2017 - 04:40 GMT

Dubai Customs scores 96.2% on happiness index in 2016

“If you include Turkish and Iran Air, the order book comes to a massive 1,058 passenger aircraft,” said Maurice Faber, regional managing director of Olympus Middle East and Africa. (File photo)
January 22nd, 2017 - 01:30 GMT

MENA airlines boost fleets by 650 aircraft

The growth in VR technology has been nothing but exponential. (Shutterstock)
January 22nd, 2017 - 12:46 GMT

Getting real: Will VR make your TV obsolete?

Mubadala has interests in aerospace, oil and gas, semiconductors, information and communications technologies, utilities, capital investments, real estate and infrastructure.  (Mubadala)
January 22nd, 2017 - 12:28 GMT

Abu Dhabi's Mubadala, IPIC merger formalized to create investment powerhouse

Oman Oil Marketing Company & Al Raffd fund extends Tasweik’s deadline
January 22nd, 2017 - 10:48 GMT

Oman Oil Marketing Company & Al Raffd fund extends Tasweik’s deadline

Oman Arab Bank
January 22nd, 2017 - 10:40 GMT

OAB concludes 2016 Hassad Savings Scheme with mega draw

Led by Saudi Arabia, all GCC countries are facing mounting deficit due to the plunging oil revenue.  (Shutterstock/Clicksahead)
January 22nd, 2017 - 10:00 GMT

Oman's budget deficit reaches $12.7B

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