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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 ...

Lufthansa and Etihad last month signed a flight code-sharing deal after Lufthansa agreed to lease 38 crewed planes from airberlin, which is part-owned by Etihad. (Wikimedia Commons)

January 18th, 2017 - 07:00 GMT

Etihad dismisses reports of Lufthansa merger as 'mere speculation'

The objective of the Hywind pilot farm is to demonstrate cost efficient and low risk solutions for future commercial-scale floating wind farms. (Shutterstock)

January 18th, 2017 - 06:00 GMT

Masdar buys 25 percent in Hywind Scotland to develop world's first floating offshore windfarm

With the two latest deals, Egypt's petroleum sector would have concluded 76 deals for oil and gas exploration with international companies since November 2013. (Shutterstock)

January 18th, 2017 - 05:00 GMT

Egypt signs oil and gas exploration deals worth $30M

Kuwait's private sector will contribute 16.9 percent of the infrastructure spend. (Shutterstock/Mike Dotta)

January 17th, 2017 - 12:18 GMT

Kuwait to spend $15.6B on infrastructure projects in 2017-2018

The growth of the renewable energy sector in Saudi Arabia is an opportunity for job generation. (Shutterstock)

January 17th, 2017 - 11:00 GMT

Saudi Arabia's renewable energy program targets up to $50B investment by 2032

There have been repeated calls to change the controversial law, since neighbouring countries have already modified their rules to allow expats to work more freely. (Shutterstock)

January 17th, 2017 - 10:00 GMT

Oman's lawmakers back controversial two-year visa ban for expats

Masdar is leading efforts to link desalination to renewable energy, investigating the latest advances in technologies. (Trade Arabia)

January 17th, 2017 - 09:00 GMT

International Water Summit 2017: GCC countries are global leaders in desalination

Employees of the King Fahd Quran Printing Complex in Medina had complained of salary delays even prior to losing their jobs. (SPA)

January 17th, 2017 - 08:00 GMT

Saudi Oger: 1,300 fired workers seek resolution over unpaid salaries

Bread seller in Hurghada. (Shutterstock/Sergei Butorin)

January 17th, 2017 - 07:00 GMT

Moody's forecasts four percent growth for Egypt in 2017

In 2016, visitors from Asia and the Pacific increased by 19.5 percent but the number of visitors from Gulf Arab countries dropped by 10 percent compared to 2015. (Shutterstock)

January 17th, 2017 - 06:25 GMT

Jordan's tourism revenue stagnates at 2015 levels despite increased visitor numbers

Figures indicate that Kuwaiti nationals represent 16.9 per cent of the 2.5 million employed people. (Shutterstock)

January 17th, 2017 - 06:03 GMT

Hasty Kuwaitization risks problems in health sector

As part of the week, the 10th World Future Energy Summit (WFES) opens tomorrow at the Abu Dhabi National Exhibition Centre. (Utilities-ME.com)

January 16th, 2017 - 02:00 GMT

The stage is set for Abu Dhabi Sustainability Week 2017