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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 ...

As falling oil revenues put pressure on budgets, the Chinese suppliers’ established reputation for value, combined with their increasing reputation for quality and innovation, make them highly competitive. (Shutterstock)

January 8th, 2017 - 05:25 GMT

China eyes MENA's lucrative solar panel market

The 13th edition of the UNWTO Awards on Innovation and Excellence in Tourism will commend some of the best examples of sustainable tourism around the world. (Shutterstock)

January 5th, 2017 - 12:00 GMT

UNWTO puts Middle East tourism in the spotlight in Spain

Under the timeline announced in March last year, shops owners were given just three months to make sure 50 percent of their staff were Saudi, and 100 percent by September. (Shutterstock)

January 5th, 2017 - 11:00 GMT

Saudization of mobile sector: Who's to blame for the shortcomings in implementation?

Fitch said that the government is planning to meet two-thirds of its financing need through external debt issuance, and the remainder through reserve draw-downs. (File photo)

January 5th, 2017 - 10:00 GMT

Oman: Fitch forecasts growth as it maintains 'stable' outlook rating

The regulations specify four licence categories under which entities can provide digital payments services: retail, micropayment, government and non-issuing. (Shutterstock)

January 5th, 2017 - 09:00 GMT

UAE issues regulations on online payments

A total of 655,675 Syrians are registered as refugees with the UNHCR in Jordan, but officials estimate that the number of Syrians living in Jordan is over 1.3 million. (AFP/Khalil Mazraawi)

January 5th, 2017 - 08:00 GMT

Syrian refugees in Jordan: Child marriage, trauma, poverty hampering educational progress

Seismic studies have indicated that Lebanon may possess trillions of cubic feet of oil and natural gas in its waters, a discovery that could boost international confidence in Lebanon’s economic future. (Shutterstock)

January 5th, 2017 - 07:05 GMT

Lebanon passes long-awaited decrees on oil and gas exploration

Earlier selloff came as traders grew anxious about whether OPEC members and other oil producers would scale back output as part of a deal agreed in late 2016. (Shutterstock)

January 5th, 2017 - 06:15 GMT

Oil edges higher as Kuwait confirms commitment to cutting output

Until now, Egypt has had no specific law on bankruptcy, meaning failed companies have had to go to court on a case-by-case basis. (Shutterstock/Orhan Cam)

January 5th, 2017 - 05:46 GMT

Egypt introduces bankruptcy law to jump-start economy

Twenty-five of those killed at the Reina nightclub on the shores of the Bosphorus were foreigners, according to the state-run Anadolu news agency. (AFP/Yasin Agkgul)

January 4th, 2017 - 01:00 GMT

Istanbul nightclub attack signals a devastating start for Middle East tourism

In April 2016, the Southern Municipal Council vetoed government moves to offer the beach to private developers due to fears it could restrict public access. (Trade Arabia)

January 4th, 2017 - 12:00 GMT

Bahrain lawmakers fight to keep Al Jazair Beach from private developers

The governorate is working on its plans to provide housing units for beneficiaries including special needs, newlyweds and slum-dwellers. (File photo)

January 4th, 2017 - 11:00 GMT

Hope on the horizon for Cairo slum dwellers with 7,000 homes to be allocated