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May 28th, 2026 - 06:34 GMT

Sally Shakkour

Oil prices up 3% after renewed clashes between the US, Iran

ALBAWABA - Oil prices jumped more than 3 percent on Thursday morning after renewed tensions between the United States and Iran in the Strait of Hormuz. Brent crude futures rose $3.51, or 3.72 percent, to $97.80 a barrel by 03:44 GMT, while the more actively traded August contract climbed $3.35, or 3.63 percent, to $95.60. The July contract is set to expire on Friday, according to Reuters. U.S. West Texas ...

The Emir of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah and Turkish President Recep Tayyip Erdogan lay the foundation stone for construction of the new terminal at Kuwait International Airport in Kuwait City on May 9, 2017. (AFP)

May 10th, 2017 - 07:00 GMT

Erdogan in GCC: Turkey Wants Stronger Economic Ties With Gulf Countries

The World Bank confirmed that the third tranche of its loan to Egypt, worth about one billion dollars, is due in December 2017. (AFP/ Filippo Monteforte)

May 10th, 2017 - 06:00 GMT

Forever Indebted: Egypt Will Take Another $1-Billion Loan from World Bank in December

Under the new agreement, UPS will provide more than 27,000 square meters of warehouse space, equivalent to four soccer fields, and a team of 1,000 employees. (Facebook)

May 10th, 2017 - 05:00 GMT

UPS Becomes Official Logistics Partner of Dubai Expo 2020

Tourists stand inside the Armenian Cathedral in Isfahan on October 15, 2014. The Cathedral, also known as the Church of the Saintly Sisters, was built in 1664. (Shutterstock)

May 10th, 2017 - 04:00 GMT

Tourists Flock to Iran, the 'Jewel of the World'

Tunisia's new e-Visa system is planned for late 2017, or early 2018. (File photo)

May 10th, 2017 - 01:00 GMT

Tunisia e-Visa to Start in Late 2017: Tourism Minister

Last year, a jobless Saudi dentist filmed himself burning his dentistry certificate outside the Civil Service Ministry building in Hafr Al-Batin city because he could not find a job. (Twitter)

May 10th, 2017 - 12:00 GMT

Saudization Update: Saudi Arabia No Longer Recruiting Dentists From Abroad

Only 43 percent of Emiratis are resolutely looking at job opportunities in the public sector, which is a significant change from last year’s survey results that recorded an 80 percent preference of UAE nationals for government jobs. (AFP/ Karim Sahib)

May 10th, 2017 - 11:00 GMT

Surprise, Surprise: 60 Percent of Emiratis Prefer to Work in Private Sector

Lebanese Economy Minister Raed Khoury (third from left) called upon Lebanese expatriates to grab the opportunity of investing in Lebanon at a session held within the framework of the fourth annual “Lebanese Diaspora Energy Conference” at BIEL. (Twitter)

May 10th, 2017 - 09:30 GMT

Lebanon's Economy Minister Urges Lebanese Expats to Invest in Their Country

Qatar’s real economic growth is expected to rise to 2.6% this year and further to 3.6% in 2018, even as inflation is expected to harden by 2018 in view of the value added tax (VAT) roll-out. (Shutterstock)

May 10th, 2017 - 08:50 GMT

Qatar's Real GDP Growth to Reach 3.6% in 2018 Despite VAT: Report

The growth was led by an increase in construction, followed by wholesale and retail, and travel and tourism. (Pexels)

May 10th, 2017 - 08:12 GMT

Led by Construction, Dubai’s Private Sector Records Strongest Growth in 26 Months

Win for pro-EU Macron and talk of extending a production deal by OPEC may not be enough to stimulate oil markets. (AFP)

May 9th, 2017 - 09:00 GMT

Macron Win, OPEC Cuts Not Enough to Stimulate Oil Markets: Analysts

The number of Chinese tourists who travel around the world will reach one billion people between 2017 and 2020, according to estimates by Berry Whale, a leading tourism marketing agency. (Pixabay)

May 9th, 2017 - 08:00 GMT

Egypt Launches Campaign to Attract 'One Million Chinese Tourists' By 2020