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BUSINESS

BUSINESS latest

Oil flows shift as Trump raises Hormuz concerns
April 10th, 2026 - 12:05 GMT
Osama Ali

Osama Ali

Oil flows shift as Trump raises Hormuz concerns

ALBAWABA - As rising tensions continue to disrupt international energy markets, U.S. President Donald Trump has cautioned Iran against charging tolls to ships traveling through the Strait of Hormuz. The alert comes after rumors that Tehran would impose fees on oil tankers passing through the vital canal, which could put more pressure on already precarious supply routes. Global oil prices have sharply increased as a result of the ongoing turmoil ...
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According to the agreement, 50 per cent of the total amount is scheduled to be paid off over the next two weeks, 25 per cent in February 2019 and 25 per cent in April.
December 4th, 2018 - 11:04 GMT

Libya to Pay off Its $220 Million Debts to Jordan's Hospitals

Despite the development, the monetary situation is still stable, noting that the Central Bank has other tools at its disposal to draw more funds. (Shutterstock)
December 4th, 2018 - 10:49 GMT

Almost $570 Million Converted to Dollar Account in Lebanon

Cryptocurrencies overall were flat, with the total coin market capitalization at $130 billion at the time of writing. (Shutterstock)
December 4th, 2018 - 10:39 GMT

Bitcoin Prices Still Tumbling While Calls for Regulations Persist

Forty countries are represented at the three-day event in Egypt, one of the Middle East's top military powers. (Shutterstock)
December 4th, 2018 - 09:49 GMT

Why Did Sisi Inaugurate Egypt's First Arms Trade Fair?

e evening formed the climax of the silver jubilee World Travel Awards Grand Tour 2018, representing the 25th anniversary in honouring excellence within the international hospitality industry.
December 4th, 2018 - 09:40 GMT

Emirates Palace Takes Home Two Top Honours at the Prestigious World Travel Awards in Lisbon, Portugal

Aiming at promoting flydubai’s onboard connectivity, the promotion offered passengers the chance to enter the draw to win a Toyota Rush upon purchasing an unlimited WiFi package on board.
December 4th, 2018 - 09:29 GMT

Two Lucky flydubai Travellers Drove Home New Toyota Rush SUVs

Binu Varghese, Hotel Manager of Hawthorn Suites by Wyndham Jumeirah Beach Residence
December 4th, 2018 - 09:16 GMT

R Hotels Appoints New Hotel Manager for Hawthorn Suites by Wyndham JBR

The new the HUAWEI WiFi Q2 is available in the Saudi market at Jarir Bookstore at 999SAR.
December 4th, 2018 - 09:03 GMT

Huawei Launches Huawei WiFi Q2 in the Saudi Market

Qatar has decided to withdraw its membership from OPEC effective January 2019 and this decision was communicated to OPEC this morning. (Shutterstock)
December 4th, 2018 - 08:48 GMT

The Real Reason Behind Qatar's Withdrawal From OPEC

The current US dollar is worth around 42,000 rials in the official market, and above 110,000 rials in the open market. (Shutterstock)
December 4th, 2018 - 08:38 GMT

Iran Forecasts Its Oil Sales at $54 With 1.5 Million Bpd in 2019

US special envoy for Iran Brian Hook rejected Iran’s insistence that its missile program is defensive. (Shutterstock)
December 4th, 2018 - 08:23 GMT

Will the EU Impose Sanctions on Iran Over Its Ballistic Missile Tests? the US Thinks It Should

Fadi Moubarak, Vice President – Channels, Avaya International
December 4th, 2018 - 08:03 GMT

Growth and Inclusivity Drive Avaya’s Channel Strategy for 2019

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