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BUSINESS

BUSINESS latest

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt
June 26th, 2026 - 04:15 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Gulf oil exports surge as Saudi Arabia restarts key terminal after four-month halt

ALBAWABA- Major Gulf oil producers are rapidly ramping up crude exports as regional shipping routes recover, with Saudi Arabia restarting loadings at its critical Ras Tanura terminal after a nearly four-month suspension, while Kuwait and Qatar also boost output amid improving security conditions in the Strait of Hormuz. Saudi Aramco resumed crude shipments on Friday at Ras Tanura, one of the world’s largest oil export hubs on the Gulf coast ...
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GCC sovereigns' financing needs will likely remain substantial over the next several years, given the region's almost uniform dependence on hydrocarbons. (File photo)
October 18th, 2016 - 04:37 GMT

GCC sovereign finance may need up to $560B: S&P

Etihad Airways
October 18th, 2016 - 03:40 GMT

Etihad Airways and Tourism Australia to bring world’s culinary elite to Australia

Projects such as the Iran-Oman gas pipeline, Iran-Oman shipping line and $250M worth of Iranian shopping mall projects to be developed by Omani investors are expected to further bilateral ties. (Twitter)
October 17th, 2016 - 12:00 GMT

Oman, Iran eye $5B bilateral trade by 2021

A small number of potential buyers from the Middle East are vying for Oger's stake in Arab Bank, including Saudi Arabia's al-Hokair family. (File photo)
October 17th, 2016 - 10:58 GMT

Saudi Oger looks to offload its 20 percent stake in Arab Bank

Graduate and post graduate degree in business management continue to trump other fields of study as the most sought-after educational qualifications. (Shutterstock)
October 17th, 2016 - 10:28 GMT

Autumn 2016 hiring trends in MENA

During the event
October 17th, 2016 - 09:40 GMT

Samsung Electronics Levant concludes the first training at Samsung Academy in The University of Jordan

The All-New Ford Edge on display
October 17th, 2016 - 09:25 GMT

Ford Middle East and Alghanim Auto introduce the all-new Ford Edge in Kuwait, featuring a new sophisticated design, more technologies and safety features

Sony X85D
October 17th, 2016 - 09:01 GMT

Sony posts 35% increase in overall TV sales during Gitex Shopper Autumn 2016

Users will be able to use a smart application on their personal gadgets to book, pay the rate and open one of the cars available in certain locations all over Dubai. (RTA)
October 17th, 2016 - 09:00 GMT

Dubai unveils smart car rental service at Gitex Technology Week

HBMSU stand in GITEX
October 17th, 2016 - 08:55 GMT

HBMSU showcases Smart Campus & other ‘smart’ learning solutions at GITEX 2016

Due to the lower production this year, stakeholders expect a rise in olive oil prices, speculating that the 16-litre olive oil container will sell for JD80-90. (Irbidplan)
October 17th, 2016 - 08:48 GMT

Jordan's olive producers call for ban on exports and imports

The decision to walk away from the merger comes four months after the banks agreed terms of the share-swap ratio for the deal. (Twitter)
October 17th, 2016 - 08:00 GMT

Deal's off: Oman's Bank Dhofar and Bank Sohar abandon merger plans

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