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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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The Commercial International Bank (CIB), Egypt’s largest listed bank, has banned withdrawal from all debit cards abroad and has set a purchasing limits depending on the type of card. (File photo)
September 19th, 2016 - 10:00 GMT

Egypt's overseas students feel the pinch of the country's hard currency crisis

Burgan Bank
September 19th, 2016 - 09:51 GMT

Burgan Bank successfully issues Debut Senior bond with US$500 Million 5 year RegS Issuance

A high-ranking Yemeni ministerial official said the decision to relocate the Central Bank was made in consultation with the UAE and Saudi Arabia. (File photo)
September 19th, 2016 - 09:00 GMT

Yemen Central Bank headquarters to relocate from Sanaa to Aden

Egypt's policy change on its wheat imports will hurt Russia, Egypt's number one wheat supplier. (File photo)
September 19th, 2016 - 07:50 GMT

Egyptian delegation to head to Russia with aim to defuse imports row

Rebrand Careem
September 19th, 2016 - 07:26 GMT

Careem unveils new brand identity

Byblos is the oldest continuously-inhabited city on earth, runner-up only to the Palestinian city of Jericho. (Wikimedia Commons)
September 19th, 2016 - 07:14 GMT

Visit Byblos: Arab Tourism Capital 2016

New radios, baseband variants, a software feature and a streamlined services platform will allow operators to shift to the next gear with Ericsson Radio System
September 19th, 2016 - 06:51 GMT

Ericsson first to deliver 5G NR radio

Scott Manson, Cyber Security Leader for Middle East and Turkey, Cisco
September 19th, 2016 - 06:28 GMT

Cisco to sponsor 8th e-Crime Congress in Abu Dhabi

Hesham El Komy, senior director, channel, Epicor Software
September 19th, 2016 - 06:25 GMT

Epicor to showcase cloud ERP solutions at GITEX 2016

Critics of the new law voiced concerns over putting customized conditions that fit specific parties who may exploit the country's difficult economic situation. (AFP/File)
September 19th, 2016 - 06:16 GMT

Will Tunisia's controversial new investment law boost the economy and tourism?

Nesma currently flies between Saudi and Egypt and plans to connect the city of Hail with 12 points around the kingdom. (Wikimedia Commons)
September 19th, 2016 - 05:23 GMT

Nesma Airlines to enter Saudi's budget air travel market with domestic flights in November

Mercedes-Benz
September 19th, 2016 - 05:01 GMT

100,000th Mercedes-Benz Actros handed over to Messrs. Al Khald.

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