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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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Etihad Airways
December 18th, 2016 - 06:19 GMT

Etihad Airways rolls out initiatives to ease check-in over peak season

During the event
December 18th, 2016 - 06:03 GMT

Samsung Electronics Levant holds the “Galaxy Cup” golf tournament and honors the winners

Alibaba is now a known name worldwide and the platform provides international exposure to traders from across the world. (YouTube)
December 18th, 2016 - 06:00 GMT

Alibaba to focus on B2B support for MENA SMEs

Etihad will codeshare on Lufthansa’s long-haul, non-stop intercontinental services between Frankfurt and Rio de Janeiro, Brazil as well as Bogota, Colombia. (File photo)
December 18th, 2016 - 05:19 GMT

Etihad to begin codeshare with Lufthansa in January 2017

The United States retained its number one position with $622 billion in spending in 2016 and with Saudi Arabia's spend reaching $48.6 billion. (File photo)
December 15th, 2016 - 12:00 GMT

Saudi Arabia is the fifth largest defense spender globally: IHS Jane's

The increase in customer deposits was basically triggered by the financial engineering of the Central Bank that was aimed at boosting the foreign currency reserves of BDL as well as the profitability of the lenders. (File photo)
December 15th, 2016 - 11:00 GMT

Lebanon: Financial inflows up, but so is the deficit

Ericsson
December 15th, 2016 - 10:15 GMT

Ericsson maintains leadership positions in OSS and IRCM Gartner Magic Quadrants

The joint ventures with Nabors and Rowan are part of a strategy to develop a best-in-class drilling industry in Saudi Arabia. (YouTube)
December 15th, 2016 - 10:00 GMT

Saudi Aramco signs new drilling JV with Nabors and Rowan

Search terms in politics dominated Google user inquiries in 2016, for which the US presidential elections topped the list. (Shutterstock/I AM NIKOM)
December 15th, 2016 - 09:58 GMT

This is what Egypt googled the most in 2016

Georgetown University in Qatar (GU-Q) Professor Rory Miller
December 15th, 2016 - 09:10 GMT

Georgetown professor explores the rise of Gulf Countries in new book

Under the current system, expats are banned for going to some hospitals in the morning unless it is an emergency. (File photo)
December 15th, 2016 - 09:00 GMT

Kuwait: China Metallurgical Group Corporation to build two expat hospitals for $530.8M

A rise in policy rates is expected to have a knock-on effect on business and consumer loans, making them slightly more expensive. (Shutterstock)
December 15th, 2016 - 08:01 GMT

Your loans are about to get more expensive

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