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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 ...

Kuwait was recently ranked the worst in the world for expats in a survey by InterNations. (File photo)

November 1st, 2016 - 05:20 GMT

Kuwait mulls suspension of expat recruitment for the public sector

Porters with their barrows await work outside part of the imposing Souq Waqif tourist attraction in Doha. (Shutterstock/Peter Cowan)

October 31st, 2016 - 01:00 GMT

Qatar under pressure to boost tourism amid reports of declining visitor numbers

GCC companies, led by oil and gas companies, have adopted strict measures to ensure the reduction of risks in their projects and operations, but more concerted efforts and cooperation are needed. (File photo)

October 31st, 2016 - 12:00 GMT

GCC fire safety market expected to nearly double to over $3B by 2020

The decision came following complaints from postgraduate degree holders at Saudi universities, who have demanded a review of expatriate workers’ contracts. (Wikimedia Commons)

October 31st, 2016 - 11:00 GMT

Nearly 500 expat medical staff at King Saud University denied contract renewal

IKEA is the world’s largest retailer for furniture and is known for its ready-to-assemble furniture and other home appliances. It has 385 stores spread over 48 countries. (File photo)

October 31st, 2016 - 10:00 GMT

GCC’s largest IKEA store to open in Bahrain in 2018

The grant was announced announced during a visit by Canada’s Governor General David Johnston to Jerash, 48km north of Amman, where he met with the ministers of water, interior and municipal affairs. (File photo)

October 31st, 2016 - 09:00 GMT

Jordan receives $19M aid from Canada for refugee-affected municipalities

Besides Legoland Dubai, it also includes Riverland Dubai, an entertainment and dining district that will also open on Monday; Bollywood Parks Dubai, Hollywood-themed Motiongate Dubai and Legoland Water Park. (File photo)

October 31st, 2016 - 08:00 GMT

Everything is awesome: Legoland Dubai opens its doors

Displaced people from the Yarmouk Palestinian refugee camp queuing to receive aid from UNRWA in Yalda, south of the Syrian capital, Damascus in 2015. (AFP/File)

October 31st, 2016 - 07:00 GMT

Kuwait grants $5M to UNRWA for Palestinian refugees in Syria

Any common currency to be announced is expected to be pegged either to the dollar or a basket of currencies because the volume of trade of the Gulf states with the countries of the European Union is much larger than that of their commerce with the United States. (Shutterstock)

October 31st, 2016 - 06:00 GMT

Is it time for a common Gulf currency?

Following the agreement, Orange Jordan plans to expand its network in the country. (File photo)

October 31st, 2016 - 05:30 GMT

Jordan's telecoms commission settles dispute with Orange over 2G network renewal

Homes at the site were sold fro EUR150,000 ($163,885) to EUR160,000 but were never offered to locals, according to reports. (Bosnia Today)

October 30th, 2016 - 01:00 GMT

Kuwaiti development in Bosnia draws ire from local villagers

Embraer has agreed to pay a $205.5m fine to settle an investigation by US and Brazilian authorities into bribery allegations in the Dominican Republic, India, Mozambique and Saudi Arabia. (File photo)

October 30th, 2016 - 12:00 GMT

Saudi Aramco confirms employee's involvement in Embraer bribery