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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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Turkish exports to Lebanon total nearly $780 million a year, while Lebanon’s exports to the country amount to around $120 million. (Shutterstock)
November 26th, 2018 - 06:15 GMT

Turkey Hits Back at Lebanon and Bans 2 Cargo Ships

The Iraqis cannot forget that Qatar conspired against their country by allowing the Americans to use its territory to launch air attacks on them. (Shutterstock)
November 26th, 2018 - 06:11 GMT

Is Qatar Using Iraq for Its Own Economical and Political Purposes?

The committee passed the bill after taking into consideration that the lower house approved the Senate's amendments to Item 1 of Paragraph B and Paragraphs D and H of Item 8 which amended Item 11 of the original law. (Petra)
November 26th, 2018 - 05:55 GMT

Jordan's Senate Approves Income Tax Law

The Egyptian government also focused on digital transformation as one of the most prominent files, aiming to provide excellent services to the citizens electronically. (Shutterstock)
November 26th, 2018 - 05:48 GMT

What Is Holding Back Egypt's Fintech Success?

To protect customers, Bitex UAE utilises a multi-signature HD wallet to store digital currencies. (Shutterstock)
November 26th, 2018 - 05:39 GMT

You Can Now Trade in Bitcoin Currencies in the UAE

According to SPA, the NCA reached an agreement with the ministry to increase the number of seats for foreign scholarships for the first year from 200 to 540 for both genders. (Shutterstock)
November 26th, 2018 - 05:34 GMT

Saudi Initiates First Cyber Security Training Scheme

“We are watching the space very closely. We are really excited about how vertical format is taking off. This is our core business, regardless what the device is,” says Rami Saad, head of international content partnerships at Snap. (Shutterstock)
November 26th, 2018 - 05:24 GMT

More Arab Content on Snapchat in the Works

Vicious cycle. An Iraqi child holds banknotes in the northern Iraqi city of Mosul, last July. (AFP)
November 26th, 2018 - 05:12 GMT

Iraq's Budget Clock Is Ticking, and It's Not Looking Good so Far

Under pressure. European Union Foreign Policy Chief Federica Mogherini speaks to the media in Brussels, on October 18. (Shutterstock)
November 26th, 2018 - 05:09 GMT

The EU Is Losing Patience With Iran

New phase. ADNOC Group CEO Sultan Ahmed al-Jaber speaks during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), on November 12. (AFP)
November 26th, 2018 - 05:05 GMT

Abu Dhabi Aims to Dominate the Gas Sector With New Fields

National Bank of Oman
November 25th, 2018 - 12:55 GMT

National Bank of Oman Celebrates 48 Years of Prosperity With Lucky Al Kanz Winners

AUC Holds Memorial in Honor of Galal Amin’s Life and Legacy
November 25th, 2018 - 12:44 GMT

AUC Holds Memorial in Honor of Galal Amin’s Life and Legacy

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