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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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more than 1,686,891 illegal expatriates were arrested for violating residency laws. (Shutterstock)
December 2nd, 2018 - 09:33 GMT

Saudi Deports 564,800 Illegal Expats in One Year

Algeria’s Central Bank urged the government to “apply the tourniquet to stop the bleeding” and economic experts warned of a deepening crisis. (Facebook)
December 2nd, 2018 - 09:29 GMT

Despite Rising Oil Revenues, Algeria’s Foreign Currency Reserves Are on Steady Decline

Remittances in Oman have dropped this year, as numbers of expats in the country continue to decline. (Shutterstock)
December 2nd, 2018 - 09:20 GMT

With Expats Leaving, Remittances in Oman Are Taking a Plunge

Sourena Sattari, Vice President for Science and Technology. (Mehr News Agency)
December 2nd, 2018 - 09:10 GMT

Iran Eyeing a Slice of the Aerospace Industry Cake

It would be difficult for Iraq to substantially diminish its economic links to Iran. (Shutterstock)
December 2nd, 2018 - 08:52 GMT

How Are the US-Iraq Relations Faring Amidst Iran Sanctions?

The UAE passport holder can travel to 167 countries without the need for pre-visa requirements. (Shutterstock)
December 2nd, 2018 - 08:39 GMT

The UAE Now Has the Most Powerful Passport in the World

People in the MENA region don’t have to look far to see examples of this phenomenon. (Shutterstock)
December 2nd, 2018 - 08:28 GMT

Opinion: How to Prepare MENA Region for 300 Million Jobs by 2050?

Bank Melli said the OFAC 's claim about transferring money for Iraqi militias. (Shutterstock)
December 2nd, 2018 - 08:23 GMT

Iran Bank Slams US Claims of Illegal Money Transfer to Iraq as Baseless

Bloom properties have established a name for themselves in Dubai having demonstrated their ability to deliver a range of commercial, residential and mixed-use projects.
December 2nd, 2018 - 08:10 GMT

Bloom Properties to Demonstrate How They Are Taking Dubai Modern Urban Living to New ‘Bloom Heights’ in Upcoming Wembley Property Roadshow

The ceremony drew the participation of faculty members, administrative staff, students from EIBFS and other educational institutions, and guests from the UAE banking community.
December 2nd, 2018 - 07:54 GMT

Emirates Institute for Banking and Financial Studies Awards Professional Development Programs to 47 UAE Nationals to Mark 47th UAE National Day

Iran said Friday the European Union must be given more time to set up a trade mechanism meant to circumvent reimposed US sanctions on Tehran. (Shutterstock)
December 2nd, 2018 - 07:22 GMT

Iran 'Can't Wait Forever' While Europe Struggles to Find a Host for Their SPV

The murder of Jamal Khashoggi is abhorrent and represents an unconscionable attack on the freedom of expression of all individuals. (AFP)
December 2nd, 2018 - 07:14 GMT

Canada Announces Sanctions on 17 Saudis Linked to Khashoggi Murder

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