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BUSINESS

BUSINESS latest

JD Vance in Switzerland
June 21st, 2026 - 11:58 GMT
P. Choiaqo

P. Choiaqo

JD Vance says 16 million barrels of oil flowed through Hormuz in 24 hours

ALBAWABA - It seems that the MOU signed between the U.S. and Iran is slowly becoming reality as oil flows through Hormuz despite Iranian claims of the strait being shut down. On Wednesday, Iran and the U.S. signed a 14-point memorandum of understanding (MOU) with one of its points allowing the free flow of oil without restrictions and blockades from both sides. However, as Israel continues its attacks on Lebanon ...
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144,000 people also visited Oman via cruise ships in 2016, ranking Germans, Britons, Italians, Spanish and Americans as the top five tourists. (File photo)
December 27th, 2016 - 01:00 GMT

Oman enjoyed rise in tourism in 2016

After two years of back to back spending decline due to lower oil prices, the spending for 2017 is budgeted to rise eight percent in 2017. (File photo)
December 27th, 2016 - 12:00 GMT

Saudi stocks jump 100 points on release of 2017 budget

Al Ansari Exchange
December 27th, 2016 - 11:30 GMT

Al Ansari Exchange allocates AED 25 million to support the initiative

Operating Theater Exterior
December 27th, 2016 - 11:15 GMT

State-of-the-art operating theaters transform patient care

The six sectors that the Strategy will focus on include aerospace, maritime, pharmaceuticals and medical equipment, aluminium and fabricated metals, food and beverages, and machinery and equipment. (File photo)
December 27th, 2016 - 11:00 GMT

Dubai Industrial Strategy 2030: Sheikh Hamdan issues directives to boost implementation

LG’s levitating speaker expected to mesmerize audience at CES 2017
December 27th, 2016 - 10:55 GMT

LG’s levitating speaker expected to mesmerize audience at CES 2017

During the event
December 27th, 2016 - 10:42 GMT

Samsung Electronics Levant meets the dealers network in the Kingdom

The government was supposed to re-impose the Capital Gains Tax next year, but in November it further postponed it to additional three years. (File photo)
December 27th, 2016 - 10:00 GMT

Egypt: Mismanaged implementation of capital gains tax results in $188M of lost revenue

During the meeting
December 27th, 2016 - 09:29 GMT

MoF holds the third meeting of the Government Financial Policy Coordination Council for 2016

Earlier this year Shuaa Capital laid of 15 percent of its workforce. (File photo)
December 27th, 2016 - 09:00 GMT

Dubai's Shuaa Capital buys 14 percent stake in Bahrain's Khaleeji Commercial Bank

During the event
December 27th, 2016 - 08:57 GMT

DEWA launches leadership programmes in cooperation with Hamdan bin Mohammed Smart University

du instrumental in award winning collaboration to construct SEA-ME-WE 5 - a subsea fiber system connecting continents  - map 1
December 27th, 2016 - 08:38 GMT

du instrumental in award winning collaboration to construct SEA-ME-WE 5 - a subsea fiber system connecting continents

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