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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 ...

The deal promises to revive the tattered finances of countries from Venezuela to Libya and restore flagging confidence in the producer bloc that controls 40 per cent of the world’s oil. (File photo)

December 1st, 2016 - 05:04 GMT

OPEC agrees to first output cut deal in eight years

The ministry has received many complaints from domestic workers about how they are treated by their employers, as well as from households employing domestic workers. (AFP/File)

November 30th, 2016 - 12:30 GMT

Lebanon shutters nearly 200 domestic worker recruitment agencies over illegal labor practices

A key factor behind declining construction costs has been the lower profit margins charged by building contractors. (File photo)

November 30th, 2016 - 11:30 GMT

Easing price drops do not spell recovery in troubled Saudi construction market

The UK flight ban was put in place after the October 2015 crash of a Russian airliner in Sinai shortly after it took off from Sharm El-Sheikh. (File photo)

November 30th, 2016 - 10:30 GMT

UN World Tourism Organization urges UK to resume flights to Sharm El Sheikh

The Anglo-Dutch is the operator of the giant Majnoon field near Basrah in southern Iraq which started production in 2014. (Shell)

November 30th, 2016 - 09:30 GMT

More trouble than it's worth? Shell considers divestment of Iraqi oil assets

Sadara's first phase commenced operations in 2015, and the remaining operating units are scheduled for completion by the end of 2016. (File photo)

November 30th, 2016 - 08:30 GMT

Saudi Aramco partners with Dow Chemicals, Total for Jubail Industrial City chemical complex

An automated system can streamline the recruitment process and combat hidden trade. (File photo)

November 30th, 2016 - 07:30 GMT

Omanization in focus under proposed online recruitment system

According to the PIF, Alabbar's Adeptio acquired earlier 67% of Kuwait Food Co (Americana). (File photo)

November 30th, 2016 - 06:30 GMT

Saudi sovereign wealth fund to acquire half of Alabbar's Adeptio

In 2014, Egypt embarked on a plan to introduce a number of fiscal reforms, including fuel subsidy cuts that increased prices up to 78 percent, as well as imposing new taxes to ease a growing budget deficit. (File photo)

November 30th, 2016 - 05:25 GMT

Subsidies reappear in Egypt's second phase of reforms

A special five-member committee has finalized the names of the people killed or injured in the crash after comparing them with the names submitted by the Ministry of Health and the Civil Defense. AFP/File)

November 29th, 2016 - 01:00 GMT

Mecca crane crash: Victims' families file lawsuits

The GCC region is one of the biggest employers of expatriates in the world, and consequently, a large source of remittances, which hit more than $80 billion in 2015. (File photo)

November 29th, 2016 - 12:00 GMT

GCC tax on expats' income and remittances would be highly regressive: IMF

At the moment, visas can take up to 12 months to be processed and migrant workers have to come to Oman on specific full-time work visas for a period of two years. (Shutterstock)

November 29th, 2016 - 11:00 GMT

Oman studies streamlining visa issuance process