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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 ...

A protestor demonstrates against the new ban on immigration issued by President Donald Trump at Logan International Airport, Boston on January 28, 2017. (AFP/Scott Eisen)

January 29th, 2017 - 06:00 GMT

Trump's 'Muslim' visa ban causes airport chaos, sparks anger worldwide

Some of the grant will be allocated to support Jordanian factories and companies that are keen on exporting to EU countries. (Shutterstock)

January 29th, 2017 - 05:45 GMT

Jordan signs $77.6M grant agreement with EU

OPEC’s 13 members and 11 other producers have trimmed output by more than 1.5 million barrels a day since the deal started this year, out of a pledged 1.8 million (Shutterstock)

January 26th, 2017 - 12:00 GMT

Kuwait to spend $115B in energy over five years, sees oil market balance this year

The Crown Prince of Abu Dhabi General Sheikh Mohammed Bin Zayed Al Nahyan (C) is met by Indian Prime Minister Narendra Modi (R) and Indian President Pranab Mukherjee (L) in New Delhi January 25, 2017. (AFP/Money Sharma)

January 26th, 2017 - 11:00 GMT

UAE-India form Comprehensive Strategic Partnership, ink ADNOC oil storage deal

The country’s Article 88 Labour Law allows firms to fire workers for poor financial performance, low revenue and a general economic slowdown. (AFP/Hassan Amar)

January 26th, 2017 - 10:00 GMT

Saudi layoffs 'lack creativity' in dealing with downturn: Experts

The ocean tank will have 1.7 million litres of sea water and will be stocked with fish and sharks from the coasts of Oman. (Crossley Architects)

January 26th, 2017 - 09:00 GMT

Oman's Palm Mall Aquarium on track for 2018 opening

The index reflected an increase in “petty corruption” among some public servants, suggesting that corruption is no longer limited to those with influence and power. (Shutterstock)

January 26th, 2017 - 08:00 GMT

Not squeaky clean, but Jordan improves ranking on anti-graft index

The project is aimed at helping ease travel for millions of religious pilgrims who visit the Iraqi city of Karbala each year. (Adp-i)

January 26th, 2017 - 07:00 GMT

UK's Copperchase wins contract for Iraq's Mid-Euphrates Airport revamp

Libya aims to produce around 1.3 million barrels of oil per day by the end of this year and raise that to 1.6 million bpd by 2022. (AFP/Leon Neal)

January 26th, 2017 - 06:00 GMT

Libya opens up oil sector to foreign investment

Part of the famous Nubian sandstone quarries by Gebel el-Silsila in Upper Egypt has recently been made accessible to visitors by a short "tourist path". (Quarryscapes.no)

January 26th, 2017 - 05:10 GMT

Egypt appeals for $400M in World Bank project financing

The initiative – part of Dubai’s Plan 2021 – aims to increase the contribution of SMEs to the emirate’s GDP. (Shutterstock/Mikadun)

January 25th, 2017 - 12:00 GMT

Dubai introduces SME classification system to support financing

THe NBI was launched as “a forum for consultation and coordination among the Basin States for the sustainable management and development of the shared Nile water and related resources." (Shutterstock)

January 25th, 2017 - 12:00 GMT

Egypt mulls return to the Nile Basin Initiative