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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 ...

Car exports represent 4.8 percent of Turkey's total exports in 2014. (Borsatek)

December 18th, 2016 - 11:17 GMT

Turkey eyes $70B trade with Middle East in 2017

There is a fear that banks will play a limited role to financing the state’s general budget deficit through treasury bills and bonds which generates profits without any real effort or cost. (File photo)

December 18th, 2016 - 10:02 GMT

Egypt's banks adopt a wait-and-see strategy on investments

The facility will allow Saudi Aramco to leverage its unique position within the R&D ecosystem at KAUST to accelerate the implementation of the company’s Technology Strategy. (GradSchoolHub.om)

December 18th, 2016 - 09:00 GMT

Saudi Aramco breaks ground on state-of-the-art university research center

Moody’s report is part of a series of 2017 credit outlooks that provide insight into next year’s credit conditions across all sectors. (File photo)

December 18th, 2016 - 08:00 GMT

Negative outlook for MENA non-financial corporates in 2017: Moody's

As part of the agreement, BP will second up to 50 technical staff to Adco, bringing technology, expertise and experience to support the ongoing efficient operation and development of the assets. (File photo)

December 18th, 2016 - 07:00 GMT

BP strikes $2.2B oil concession deal with Abu Dhabi

Alibaba is now a known name worldwide and the platform provides international exposure to traders from across the world. (YouTube)

December 18th, 2016 - 06:00 GMT

Alibaba to focus on B2B support for MENA SMEs

Etihad will codeshare on Lufthansa’s long-haul, non-stop intercontinental services between Frankfurt and Rio de Janeiro, Brazil as well as Bogota, Colombia. (File photo)

December 18th, 2016 - 05:19 GMT

Etihad to begin codeshare with Lufthansa in January 2017

The United States retained its number one position with $622 billion in spending in 2016 and with Saudi Arabia's spend reaching $48.6 billion. (File photo)

December 15th, 2016 - 12:00 GMT

Saudi Arabia is the fifth largest defense spender globally: IHS Jane's

The increase in customer deposits was basically triggered by the financial engineering of the Central Bank that was aimed at boosting the foreign currency reserves of BDL as well as the profitability of the lenders. (File photo)

December 15th, 2016 - 11:00 GMT

Lebanon: Financial inflows up, but so is the deficit

The joint ventures with Nabors and Rowan are part of a strategy to develop a best-in-class drilling industry in Saudi Arabia. (YouTube)

December 15th, 2016 - 10:00 GMT

Saudi Aramco signs new drilling JV with Nabors and Rowan

Under the current system, expats are banned for going to some hospitals in the morning unless it is an emergency. (File photo)

December 15th, 2016 - 09:00 GMT

Kuwait: China Metallurgical Group Corporation to build two expat hospitals for $530.8M

King Abdulaziz International Airport (Jeddah, Saudi Arabia) started its three-stage development with a budget of over US$1.5 billion, with the goal of catering to over 30 million passengers. (File photo)

December 15th, 2016 - 08:00 GMT

GCC states spending $100B in airport expansions to meet passenger demand