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BUSINESS

BUSINESS latest

Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns
June 20th, 2026 - 01:56 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns

ALBAWABA- Global oil prices recorded their sharpest weekly decline in months, with Brent Crude falling about 8% over the week, as a renewed ceasefire between Israel and Hezbollah and progress on the US-Iran agreement eased concerns over potential disruptions to global energy supplies. Although prices edged higher on Friday, markets remained under pressure as geopolitical risk premiums continued to fade amid signs of improving stability in the Middle East. Brent ...
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During the event
January 3rd, 2013 - 06:38 GMT

ENOC Lubricants launches ‘Energy to Drive Ahead' strategies at annual meeting in Kuala Lumpur

Dubai Electricity and Water Authority
January 3rd, 2013 - 04:55 GMT

DEWA awards AED 167 million contract

Boeing 737 MAX
January 3rd, 2013 - 04:46 GMT

Boeing 737 MAX gets milestone order from Aviation Capital Group

Concorde Fujairah Belle View
January 3rd, 2013 - 04:33 GMT

Culinary delight awaits at Concorde Fujairah Hotel

The stock market in Cairo responded well to new currency controls
January 3rd, 2013 - 04:00 GMT

Egypt's stocks respond well to currency controls

After discovering Israeli goods in a store in Lebanon, Spinneys has reaffirmed its commitment to trade embargoes
January 3rd, 2013 - 03:00 GMT

Spinneys reaffirms goods ban after Israeli products found in Lebanon

The UAE has deposited $250 million in Jordan's Central Bank
January 2nd, 2013 - 01:04 GMT

UAE deposits $250 million in Jordan's Central Bank

Smartphones are the must have accessory for the youth of the Middle East
January 2nd, 2013 - 12:24 GMT

Smartphones the must-have for Middle East youth

Abu Dhabi's foreign trade increased by 37.6 per cent in 2011
January 2nd, 2013 - 12:17 GMT

Abu Dhabi's foreign trade grows again

Agostino Renna, President & CEO of GE Lighting Europe, Middle East & Africa
January 2nd, 2013 - 12:01 GMT

names Agostino Renna President & CEO of GE Lighting Europe, Middle East & Africa

Mohamed ElBaradei has said that the Egyptian economy will not recover without political stability
January 2nd, 2013 - 11:51 GMT

"Show me a faltering economy and I will show you a fractured society”, ElBaradei says

Egypt's Central Bank (CBE) said it offered to sell $75 million to banks on Wednesday, as part of a new currency regime
January 2nd, 2013 - 11:38 GMT

Egypt auctions $75 million to ease currency crisis

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