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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 39 branches of Piraeus Bank Egypt will be rebranded ABK Egypt by June 2016. (Diplomacya)
March 27th, 2016 - 06:00 GMT

Kuwait's Al Ahli Bank acquisition of Piraeus' Egypt unit complete

Etihad Airways
March 27th, 2016 - 05:55 GMT

Etihad Airways expands Istanbul services with new Sabiha Gokcen operation for 2016

You may find that you are more productive, tolerant and more energized if you get more sleep. (Shutterstock)
March 27th, 2016 - 05:24 GMT

Sleep your way to the top

Qatar will be hosting a meeting of OPEC and non-OPEC members on April 17 to discuss oil production.  (File photo)
March 27th, 2016 - 04:50 GMT

Oil producers meeting needs to send a clear message to markets: economists

Her Excellency Sheikha Hind bint Hamad Al Thani, Vice Chairperson and CEO of Qatar Foundation joins Qatar Foundation and Siemens representatives during the ‘Ceremony of Talent
March 27th, 2016 - 04:44 GMT

Qatar Foundation and Siemens celebrate success of joint training programme

A total of five loans were signed between the Council for Development and Reconstruction and the Islamic Development Bank.  (Wikimedia Commons)
March 26th, 2016 - 03:34 GMT

Lebanon receives $372M loan for water projects, power plant

Japan began development of Azadegan oil field but ceased operations as a result of US sanctions against Iran.  (AFP/File)
March 25th, 2016 - 11:30 GMT

Oil giant Total signs 'secret deal' with Iran for South Azadegan field development

The move is expected to help regional mobile phone users save up to $1.13B. (File photo)
March 24th, 2016 - 02:29 GMT

GCC announces plans to slash mobile roaming charges from April 1

In 2012 Al Safir had a circulation of 50,000 copies, making it the best-selling paper in Lebanon at the time. (Al Safir)
March 24th, 2016 - 12:00 GMT

Lebanon's Al Safir newspaper folds after 42 years

During the Gala Dinner
March 24th, 2016 - 11:19 GMT

DEWA hosts 7th Gala Dinner

During the event
March 24th, 2016 - 11:15 GMT

Etihad Airways inaugurates dedicated revenue accounting centre of excellence in Al Ain

The scientists' work paves the way for the development of textiles that can spontaneously clean themselves of stains and grime simply by being put under light. (Shutterstock)
March 24th, 2016 - 11:02 GMT

Bathe your clothes in light: sun-cleaning textiles

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