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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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Render of the Central Bank of Iraq, designed by the late Iraqi-born architect Zaha Hadid. (Zaha Hadid Architects)
January 19th, 2017 - 06:00 GMT

Iraq closes $1B bond issue, guaranteed by US

Souq is now seeking other potential investors and is reportedly negotiating with mall operator Majid Al Futtaim.  (Unboxaholics.com)
January 19th, 2017 - 05:00 GMT

Amazon, Flipkart abandon talks for $1B Souq acquisition

During the event
January 19th, 2017 - 04:40 GMT

DEWA cooperates with Électricité de France in renewable energy research, energy storage, and electric-vehicle chargers

Outgoing US Vice President Joe Biden addresses the assembly on the second day of the World Economic Forum, on January 18, 2017 in Davos. (AFP/Fabrice Coffrini)
January 18th, 2017 - 01:30 GMT

Davos 2017: From global to local, what do the talks mean for the Middle East?

Egypt's currency devaluation has increased costs for the construction industry, negatively impacting developers’ cash flows.  (AFP/File)
January 18th, 2017 - 12:30 GMT

Egypt's pound devaluation pummels real estate sector

There are at least 10 known hot springs in Saudi Arabia.  (Shutterstock)
January 18th, 2017 - 11:30 GMT

The power within: Saudi Arabia to explore geothermal energy

Qatar Foundation
January 18th, 2017 - 11:15 GMT

Weekend of activities to engage visitors at education City Mosque

Etihad Airways
January 18th, 2017 - 10:57 GMT

Partnership strategy a core element of Etihad growth, says group President and CEO

Hyundai Motor reveals vision for ‘future mobility’
January 18th, 2017 - 10:56 GMT

Hyundai Motor reveals vision for ‘future mobility’

During the event
January 18th, 2017 - 10:47 GMT

DEWA launches Rammas artificial intelligence service on Facebook page

Careem
January 18th, 2017 - 10:44 GMT

Careem expansion continues apace with milestone 50 destinations now serviced across the MENASA region

His Excellency Saif Humaid Al Falasi, Group CEO of ENOC
January 18th, 2017 - 10:39 GMT

ENOC offers MSc energy scholarships to UAE Nationals in collaboration with Heriot-Watt University

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