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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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The minister warned the UAE that "the handling of this case... will have repercussions for the relationship between our two countries, which has to be built on trust. (AFP)
November 22nd, 2018 - 05:34 GMT

Would the UK Consider Sanctions on UAE for British Student's Life Sentence?

Stars of Science celebrates its 10th anniversary at QF HQ.
November 22nd, 2018 - 05:33 GMT

Stars of Science Celebrates a Decade of Supporting Arab Innovation

VAT was introduced at a standard rate of 5 per cent.  (Shutterstock)
November 22nd, 2018 - 05:28 GMT

Saudi Calls on Businesses for VAT Registration Before Dec 20

The company raised $30 million through the sale of Islamic bonds in May. (Shutterstock)
November 22nd, 2018 - 05:25 GMT

UAE's Virgin Mobile MEA Considering IPO

“New initiatives in reference to SPV are being developed and our expert talks with them are continuing,” Araghchi added. (Shutterstock)
November 22nd, 2018 - 05:19 GMT

Iran Announces SPV Talks With Europe Are Progressing

The statement comes at a very sensitive time when the global spotlight is focused on Mohammed bin Salman, the crown prince of Saudi Arabia and the country’s de facto ruler, and on his potential role in the killing of the Saudi journalist Jamal Khashoggi in Istanbul on Oct. 2. (Shutterstock)
November 22nd, 2018 - 05:15 GMT

US, Saudi Relations Must Remain Intact to Keep Oil Prices Low, According to Trump

Students during the crisis simulation.
November 21st, 2018 - 12:36 GMT

Georgetown Students Take On Syrian Conflict in Annual Crisis Simulation

Sunset residences in Dubai Creek Harbour
November 21st, 2018 - 12:22 GMT

Dubai Creek Harbour Unveils ‘Sunset’ Residences Just Footsteps Away From Creek Beach

Atlantis The Palm Hotel & Resort
November 21st, 2018 - 12:15 GMT

Atlantis, the Palm and Flyhigh Dubai Launch the Ultimate in Luxury Journeys With a Chopper Chauffeur

Mr. Hassan Amin Jarrar, Chief Executive Officer of BisB
November 21st, 2018 - 12:05 GMT

Bahrain Islamic Bank (BisB) Awarded Global Business Outlook’s ‘Best Online Bank, Bahrain’

The event saw the participation of Mediclinic and the resort’s very own Body & Soul Recreation Club for a day of health and activities.
November 21st, 2018 - 11:52 GMT

Danat Al Ain Resort Joins Fight Against Diabetes

The traditionally English restauranteur has been lauded for its innovative and distinctive approach to modern British cuisine, and its extensive portfolio of tea and coffee varieties.
November 21st, 2018 - 11:41 GMT

Leopold’s of London Named Best Tea Room in Dubai at Fact Dining Awards Dubai 2018

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