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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 ...

Prince Alwaleed Bin Talal once again topped the list with an estimated net worth of $18.7 billion, up by $1.4 billion from last year. (AFP/Christophe Ena)

April 13th, 2017 - 02:03 GMT

The world's richest Arabs according to Forbes: 2017 list

Regional economies, including Saudi Arabia, have been hit hard by the drop in oil prices, boosting the need for reforms such as subsidy cuts and the introduction of a value-added tax (VAT). (File photo)

April 13th, 2017 - 01:03 GMT

A tax on the rich will eliminate the need for VAT in GCC: Expert

After registering a healthy surplus for 16 consecutive years, Kuwait posted its first budget shortfall of $15 billion in the 2015-2016 fiscal year, following a slump in oil prices. (AFP/File)

April 13th, 2017 - 12:04 GMT

Kuwait turns to reserves, international borrowing to reduce budget deficit

The new deal stipulates that Paris puts at the disposal of Jordan its expertise in protecting nuclear and radiant materials, as well as preventing and detecting smuggling of nuclear materials. (AFP/File)

April 13th, 2017 - 11:31 GMT

Jordan accelerates nuclear plan by signing safety deal with France

Egyptian protester holds bread along with a flyer in Arabic that reads 'Danger, no to loans that lead to poverty' during a rally in downtown Cairo on April 3, 2013. (AFP/Khaled Desouki)

April 13th, 2017 - 10:45 GMT

34 percent of Egyptians live in severe housing deprivation: Survey

With over 80 million visitors to the mall every year, Apple Dubai Mall will have a front row view of key landmarks, Burj Khalifa and the world's largest fountain show. (Twitter)

April 13th, 2017 - 09:52 GMT

The wait is over: Apple Dubai Mall is finally opening!

Emirates has been recognized as world's best airline using an algorithm that took into account the quantity and quality of airline reviews and ratings submitted by travelers worldwide. (Shutterstock)

April 13th, 2017 - 08:08 GMT

Emirates world's best airline according to TripAdvisor travelers

An employee of the French car maker Renault group during the inauguration of a new production plant in Algeria on November 10, 2014. (AFP/File)

April 12th, 2017 - 02:46 GMT

Algeria signs energy, vocational training deals with France

Egypt's inbound tourism fell in 2016 to 5.3 million tourists—down from 9.3 million in 2015—after Russia and Britain halted their flights because of the fall of the Russian plane in October 2015.

April 12th, 2017 - 02:15 GMT

Will Egypt church bombings affect its tourism surge?

A total of 77 substations will be constructed in various locations of the country and will contribute to improving the power infrastructure in and around Doha, especially in the crowded neighborhoods. (File photo)

April 12th, 2017 - 12:42 GMT

Qatar meets growing demand for electricity with $2.3B investment in cables, substations

Turkey's Deputy Prime Minister Mehmet Simsek wants Turks to vote 'Yes' for the sake of the economy. (AFP/Adem Altan)

April 12th, 2017 - 10:28 GMT

Turkey's economy will grow strong and steady if Turks vote 'Yes’: Deputy PM

Saudi Arabia's healthcare sector growth is expected to reach SR92.6bn ($24.7 billion) by 2020. (AFP/File)

April 12th, 2017 - 09:06 GMT

Strong growth ahead for Saudi Arabia's healthcare sector