Main headlines | Al Bawaba

Main headlines latest

oil prices

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 ...

This year will also see Bvlgari opening hotels in Beijing and Shanghai, which will be followed by a Moscow presence in 2018-19. (MyLuxury.it)

January 23rd, 2017 - 05:31 GMT

Bvlgari apartments to bring a touch of bling to Dubai's Jumeirah Bay Island

“If you include Turkish and Iran Air, the order book comes to a massive 1,058 passenger aircraft,” said Maurice Faber, regional managing director of Olympus Middle East and Africa. (File photo)

January 22nd, 2017 - 01:30 GMT

MENA airlines boost fleets by 650 aircraft

Mubadala has interests in aerospace, oil and gas, semiconductors, information and communications technologies, utilities, capital investments, real estate and infrastructure. (Mubadala)

January 22nd, 2017 - 12:28 GMT

Abu Dhabi's Mubadala, IPIC merger formalized to create investment powerhouse

Led by Saudi Arabia, all GCC countries are facing mounting deficit due to the plunging oil revenue. (Shutterstock/Clicksahead)

January 22nd, 2017 - 10:00 GMT

Oman's budget deficit reaches $12.7B

Deal making in the finance and consumer goods sectors will drop slightly in 2017 before rebounding in 2018. (Shutterstock)

January 22nd, 2017 - 09:00 GMT

MENA M&A activity to see uptick over next four years: Baker McKenzie

There’s probably less risk appetite in MENA than there is in other parts of the world, with people wanting to invest more in a proven business model than in a start-up. (Shutterstock)

January 22nd, 2017 - 08:00 GMT

Middle East start-ups still struggling to secure funding

Economic activity in the Kuwait's non-oil sector has continued to expand, albeit at a slower pace, reflecting the impact of lower oil prices. (Shutterstock/Riyas.net)

January 22nd, 2017 - 07:00 GMT

Oil prices push Kuwait to seek financing for the first time since 1988: IMF

The temporary stamp duty would replace the capital gains tax, which has been postponed since May 2015. (File photo)

January 22nd, 2017 - 06:00 GMT

Egypt's stock market tumbles following news of possible stamp duty

The Report: Qatar 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. (Shutterstock/Colour World)

January 22nd, 2017 - 05:15 GMT

Qatar's non-oil investments gather pace

Universities in Beirut will each get one station of 12 bicycles, with the potential to add another if scheme proves popular. (Facebook/Jawad Sbeity)

January 19th, 2017 - 01:00 GMT

Lebanon to pilot the country's first bike-sharing system in Beirut

Only the UAE and Kuwait are set to post surpluses by 2021, and analysts expect all GCC countries to remain in deficit in 2017. (File photo)

January 19th, 2017 - 12:00 GMT

GCC purse-tightening to persist for the long haul: Analysts

The State of the Future report was prepared in collaboration with 21 experts from organizations such as NASA, NYU Langone Medical Center, MIT, ConsenSys, and the SENS Research Foundation. (Shutterstock)

January 19th, 2017 - 11:00 GMT

UAE releases 112 predictions on 'The State of the Future' at Davos