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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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During the event
November 30th, 2016 - 07:10 GMT

Ministry of Heritage & Culture partners with Bank Nizwa to unveil commemorative monument celebrating Nizwa Islamic Culture Capital

During the event
November 30th, 2016 - 07:01 GMT

National Reading Campaign entertains crowds in Education City

flydubai Bangkok Inaugural
November 30th, 2016 - 06:50 GMT

flydubai inaugurates Bangkok service

During the event
November 30th, 2016 - 06:35 GMT

DEWA reaffirms loyalty to UAE’s wise leadership during celebrations of 45th UAE National Day

Khalidiya Palace Rayhaan by Rotana
November 30th, 2016 - 06:30 GMT

Celebrate the warmth of festive season with Khalidiya Palace Rayhaan by Rotana

According to the PIF, Alabbar's Adeptio acquired earlier 67% of Kuwait Food Co (Americana). (File photo)
November 30th, 2016 - 06:30 GMT

Saudi sovereign wealth fund to acquire half of Alabbar's Adeptio

During the event
November 30th, 2016 - 06:19 GMT

Ooredoo continues National Day Celebrations with Shababiah Creativity Competition

In 2014, Egypt embarked on a plan to introduce a number of fiscal reforms, including fuel subsidy cuts that increased prices up to 78 percent, as well as imposing new taxes to ease a growing budget deficit. (File photo)
November 30th, 2016 - 05:25 GMT

Subsidies reappear in Egypt's second phase of reforms

During the event
November 30th, 2016 - 04:40 GMT

Abu Dhabi Ports welcomes Kuwaiti company to Khalifa Industrial Zone

A special five-member committee has finalized the names of the people killed or injured in the crash after comparing them with the names submitted by the Ministry of Health and the Civil Defense. AFP/File)
November 29th, 2016 - 01:00 GMT

Mecca crane crash: Victims' families file lawsuits

The GCC region is one of the biggest employers of expatriates in the world, and consequently, a large source of remittances, which hit more than $80 billion in 2015. (File photo)
November 29th, 2016 - 12:00 GMT

GCC tax on expats' income and remittances would be highly regressive: IMF

At the moment, visas can take up to 12 months to be processed and migrant workers have to come to Oman on specific full-time work visas for a period of two years.  (Shutterstock)
November 29th, 2016 - 11:00 GMT

Oman studies streamlining visa issuance process

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