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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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Lulwa Al-Khater, Shaikha Al-Amri and Alanoud Al-Aqeedi, with family and faculty members.
December 3rd, 2018 - 08:40 GMT

Inspirational WCM-Q Science Scholarships for High Schoolers

"stay tuned, this is the beginning of a cross-company effort to update all icons in the same style". (TechRadar)
December 3rd, 2018 - 07:43 GMT

Microsoft's Windows Icons to Undergo Complete Visual Facelift

The volume of Kuwaiti oil bound for Japan rose for the first time in two months, providing 7.4 percent of the Asian nation's total crude imports, compared with 6.1 percent in the same month of last year, the Japanese Natural Resources and Energy Agency said in a preliminary report. (Shutterstock)
December 3rd, 2018 - 07:39 GMT

Kuwait Ahead of Qatar as Japan’s ‘Third Biggest’ Oil Provider

A total 35 British companies already operate independently at the Qatar Financial Centre as the UK ranks as the eighth largest trade partner with Qatar, with goods traded worth a total USD 3 billion last year. (Shutterstock)
December 3rd, 2018 - 07:34 GMT

Qatar, UK to Build on Their $3 Billion Trade Ties Ahead of World Cup 2022

Whatever the commercial imperatives, Qatar would be helping Iran break out of its US-imposed isolation by intensifying airline connections. (Shutterstock)
December 3rd, 2018 - 07:29 GMT

Why Is Qatar Airways Extending More Destinations to Iran Despite US Sanctions?

The funds are paid when the exporting process is finished, and they range from eight to 12 per cent of the total value of the products concerned. (Shutterstock)
December 3rd, 2018 - 07:25 GMT

After a Two-Year Hiatus, Will Egypt Release Its Export Subsidies?

The timing of the government’s decision coincided with financial problems at the country’s sole oil refinery, La Samir, forcing it to cease operations in August 2015. (Shutterstock)
December 3rd, 2018 - 07:21 GMT

Deregulation of Oil Prices Is Putting the Moroccan Government in Hot Waters

The agreement between Russia and Saudi Arabia lead a group of oil producers known as OPEC+, which includes the members of the Organization of the Petroleum Exporting Countries (OPEC) and other large producers, most notably Russia. (Shutterstock)
December 3rd, 2018 - 07:16 GMT

Saudi, Russia Agreement to Extend Overseeing Oil Market Gives a Push for Prices

A number of foreign banks which used to write letters to Iran a few days ago saying it would be impossible for them to continue cooperation with Iran due to sanctions are now saying that they want to resume cooperation with Tehran in the face of US sanctions. (Shutterstock)
December 3rd, 2018 - 07:12 GMT

Will European Banks Ditch US Sanctions Altogether and Deal With Iran Directly?

This National Day holiday has been a good one, hasn't it? Who would have thought - a four-day break! (Shutterstock)
December 3rd, 2018 - 07:03 GMT

Another Long Weekend? You Can Still Enjoy It for Free With These 6 Tips

Ghosn, ex-chairman of Nissan Motor Co., was detained last month on allegations of underreporting his income, and Friday, a Japanese court approved extending his detention for 10 more days. (File/Photo)
December 3rd, 2018 - 07:00 GMT

This Is Why Carlos Ghosn Will Always Be Lebanon's Phoenix

The software in the VCM of the affected vehicles may have an error causing the failure of vehicle positioning. (Shutterstock)
December 3rd, 2018 - 06:58 GMT

Volvo Cars Recalls Over 16,000 Citing Software Issues

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