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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 ...

National Bank of Abu Dhabi (NBAD) is spearheading the potential to unlock and promote green finance across the Middle East region. (File photo)

April 3rd, 2017 - 08:50 GMT

National Bank of Abu Dhabi lists region's first-ever green bond on London Stock Exchange

Solidere recorded net profits of $72.1 million in the first six months of 2016, compared to a loss of $28.71 million in the same period of 2015. (AFP/Joseph Eid)

April 3rd, 2017 - 08:37 GMT

Lebanon real estate: Solidere profits expected to reach $111M for 2016

Istiklal Street, Istanbul. (Pixabay)

April 3rd, 2017 - 06:00 GMT

Will Turkey see more tourists in 2017?

The government plan to increase oil production is spurring Kuwait’s construction sector. (File photo)

April 3rd, 2017 - 05:00 GMT

Kuwait construction sector poised for growth despite low oil prices: Report

Foreign investors pumped $40.3 million last month into the UAE capital, with the real estate market dominating at 44.61% of the total shares. (Pixabay)

April 3rd, 2017 - 04:00 GMT

Real estate takes lion share of Abu Dhabi's foreign investment

The head of the Tax Authority revealed that actor Adel Emam paid the largest amount of tax for the free professions category at LE3,921,000 ($217,260). (File photo)

April 2nd, 2017 - 06:00 GMT

Against the odds.. Tax returns in Egypt up 40 percent!

The negative comments of the Lebanese on social media reflect the gloomy mood felt by most citizens who wonder why none of the successive governments have been able to end the severe power rationing.
(Shutterstock)

April 2nd, 2017 - 05:00 GMT

Lebanese take to social media to mock new power plan by government

The aggregate primary issuance of bonds and sukuk by GCC entities totaled $167.54 billion in 2016, a 41.2 percent increase from the total amount raised in 2015. (File photo)

April 2nd, 2017 - 01:28 GMT

GCC issues 40 percent more bonds, sukuk in 2016: Report

If the new consumption tax is applied then a VAT of between 50 fils and Dh2.75 could be added to the overall amount of remittances from the UAE. (Facebook)

April 2nd, 2017 - 01:15 GMT

Will UAE apply VAT on expat remittances too?

The company has delivered a 25 percent reduction in global headcount with over 1,000 positions reduced across its global operations. (Taqa)

April 2nd, 2017 - 12:51 GMT

Abu Dhabi's 'Taqa' announces full-year financial results, $5.2B net loss in 2016

The law allows granting the ID to any GCC residents who have stayed more than six months in the year since their entry date to Bahrain. (Shutterstock)

April 2nd, 2017 - 11:40 GMT

Bahrain to grant IDs to GCC residents in investment push

Moody’s anticipate a mild real GDP shrinkage of 0.2 percent in 2017 due to lower oil production. (Pixabay)

April 2nd, 2017 - 11:17 GMT

Saudi Arabia’s fiscal position remains strong: Moody's