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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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CEO of DXB Entertainments, said that plans for a fifth park are still at the rudimentary stage. (Shutterstock)
December 20th, 2016 - 12:00 GMT

Recurring theme: Dubai Parks and Resorts explores possibility of fifth park

In October, President Recep Tayyip Erdogan drove the first car through the tunnel. (Anadolu Agency)
December 20th, 2016 - 11:00 GMT

Istanbul's $1.3B Eurasia Tunnel set to open to the public

During the event
December 20th, 2016 - 10:19 GMT

Imdaad wins Sheikh Khalifa Excellence Award- Gold Category

British Airways
December 20th, 2016 - 10:16 GMT

British Airways plans to operate full schedule on Christmas Day and Boxing Day

During the event
December 20th, 2016 - 10:12 GMT

Dubai Customs receives Spanish delegation

Wyndham Garden Ajman Corniche
December 20th, 2016 - 10:04 GMT

R Hotels to open the first Wyndham Garden in the UAE

The new VIP terminal features a luxury shopping area and includes areas for taking naps, playing pool, and dining. (Virendra Saklani/Gulf News)
December 20th, 2016 - 10:00 GMT

Dubai's Maktoum International Airport inaugurates the world's largest VIP terminal

The AfDB loan is intended to support government programmes that aim to achieve social and economic development by creating new jobs and improving the business environment. (File photo)
December 20th, 2016 - 09:00 GMT

Egypt receives second tranche of $500M from AfDB

In September this year, the firm closed a Dh11 million ($3 million) Series A funding round led by AddVenture, a Russia-based global venture capital firm. (Shutterstock)
December 20th, 2016 - 08:06 GMT

You'll like to move it: ServiceMarket.com is a one-stop online shop for home services

Russian oil company Lukoil started production from the West Qurna-2 oil field, located in southern Iraq, in early 2015.  (Baghdad2)
December 20th, 2016 - 08:00 GMT

Russia's Lukoil: No directive to curb Iraq oil production received

Mashreq Emirati employees during the grauduation
December 20th, 2016 - 07:49 GMT

Mashreq furthers Emirati ambitions

GEMS Education
December 20th, 2016 - 07:46 GMT

GEMS students achieve outstanding results in Cambridge International Examinations

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