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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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The crash in oil prices produced a deficit of SR 366 billion in 2015.  (AFP/FIle)
December 22nd, 2016 - 02:36 GMT

Saudi Arabia's 2017 budget: National deficit reduced to $79B

In the United States, hospital bills could hit approximately $10,000 daily, while sending the traveler back home for emergency treatment could easily set someone back $100,000. (Shutterstock/Federico Rostagno)
December 22nd, 2016 - 11:13 GMT

Remember to pack your travel insurance in case of accidents abroad

Tensions between tech companies and the government reached a fever pitch during Apple’s face-off with the F.B.I. early this year over privacy and security. (Shutterstock)
December 22nd, 2016 - 11:00 GMT

Technology hits and misses in 2016

At present the legislation allows commissions made on the sale of financial products that are sold in the UAE, like some other markets, to be paid up front. (Shutterstock)
December 22nd, 2016 - 11:00 GMT

UAE to reform regulations on controversial commission-based sales of financial products

A recent study discovered that 90 percent of mobile banking applications have serious security problems that could potentially compromise user data. (Shutterstock)
December 22nd, 2016 - 10:00 GMT

Hacker alert: Mideast users of smart devices to reach 598 million in 2018

Comparing revenue items for 2017 with 2016, the government expects an increase in fees revenues by six per cent. (Dubai Media Office)
December 22nd, 2016 - 09:00 GMT

Dubai's 2017 budget: Projected expenditures increased to $12.8B

During the event
December 22nd, 2016 - 08:58 GMT

ENOC offers customers a chance to win 34 cars and AED 19 million in total prizes this Dubai Shopping Festival

Fahad Al Bannai, the mobile technology giant’s CEO
December 22nd, 2016 - 08:46 GMT

Axiom Telecom predicts top mobile technology trends in 2017

Egypt has recently witnessed an acute shortage in imported medicines after their prices increased. (AFP/Anwar Amro)
December 22nd, 2016 - 08:00 GMT

Egypt's pharmacists plead for presidential intervention against medicines price hike

If you familiarize yourself with the most common questions and rehearse your answers, you will be in great shape for your upcoming job interview. (File photo)
December 22nd, 2016 - 07:06 GMT

Don't be tongue-tied: Prepare for common interview questions

Although a lower deficit in 2016 is encouraging, Saudi Arabia faces a tough task to balance its budget by 2020. (File photo)
December 22nd, 2016 - 07:00 GMT

Saudi Arabia's 2017 budget: More spending cuts expected

Qatar Foundation
December 22nd, 2016 - 06:51 GMT

Children’s books donated to Qatar National Library

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