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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 UAE received more than 600,000 Russian tourists in the past two years and there are 56 weekly flights between the two countries. (Shutterstock)

January 30th, 2017 - 11:00 GMT

UAE courts Russian tourists with visa on arrival scheme

Renewables are projected to be the fastest growing fuel source, growing at an average rate of 7.6 per cent per year. (Shutterstock)

January 30th, 2017 - 10:00 GMT

Emerging markets are changing global demand for energy: BP

Protestors gather at Los Angeles International airport's Tom Bradley terminal to demonstrate against President Trump's executive order effectively banning citizens from seven Muslim majority countries. (AFP/Konrad Fiedler)

January 30th, 2017 - 09:00 GMT

Trump's visa ban: Gulf airlines forced to turn away US-bound passengers

Lebanon’s banking sector is seen as the backbone of the country’s economy and the assets held by the lenders are more three times the size of economy. (AFP/File)

January 30th, 2017 - 08:00 GMT

Lebanon's big savers: Half of customer deposits held by less than one percent of depositors

Schemes supported by the fund in Jordan are in the areas of energy, education, agriculture, water, roads and sewage networks. (Shutterstock)

January 30th, 2017 - 07:00 GMT

Jordan receives $14.1M from Kuwaiti Fund for Arab Economic Development

Saudi Arabia’s four major cities: Riyadh, Jeddah, Makkah and Medina produce about five million tons of waste products. (Shutterstock)

January 30th, 2017 - 06:01 GMT

Saudi Arabia decides some plastic is not so fantastic

The classic flap bag from Chanel is timeless and therefore it is always in demand and considered the hottest bag to buy. (Shutterstock/DKSStyle)

January 29th, 2017 - 12:00 GMT

Discounted designer duds: E-commerce drives secondhand luxury items market in MENA

Moody's expects only a moderate uptick in real GDP growth in Jordan to 3.2 per cent for 2017, still below potential. (File photo)

January 29th, 2017 - 11:00 GMT

Jordan's banks to remain resilient despite challenging conditions: Moody's

The country’s high expat population has dominated politics in recent weeks, with MPs calling for a special debate on the subject next month. (Shutterstock/Nathan Bai)

January 29th, 2017 - 10:16 GMT

Kuwait prepares to debate proposal for tax on expat remittances

Centamin's Sukhari gold mine in Egypt. (Centamin)

January 29th, 2017 - 09:18 GMT

'Unattractive' investment terms take the shine off Egypt's gold mining tenders

GE has over 40 years of presence in Iraq. (Shutterstock)

January 29th, 2017 - 08:30 GMT

GE signs deals to power up Iraq's national grid

Employers will have one month to rectify the violation or face a double fine. (Shutterstock)

January 29th, 2017 - 07:30 GMT

Saudi Arabia introduces penalties on employers who withhold employees passports