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Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns
June 20th, 2026 - 01:56 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns

ALBAWABA- Global oil prices recorded their sharpest weekly decline in months, with Brent Crude falling about 8% over the week, as a renewed ceasefire between Israel and Hezbollah and progress on the US-Iran agreement eased concerns over potential disruptions to global energy supplies. Although prices edged higher on Friday, markets remained under pressure as geopolitical risk premiums continued to fade amid signs of improving stability in the Middle East. Brent ...
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In the GCC region, Saudi Arabia’s PMI index for October retreated (59.8) from its peak in September (61.8) on lower crude oil prices.
December 3rd, 2014 - 04:55 GMT

A unfortunate development: Oil plunge to erase GCC market gains

The Prime Minister said he would not tolerate opposition within the government and will call elections.
December 3rd, 2014 - 04:55 GMT

Long live lunacy? Netanyahu fires his country's finance minister, along with Livni

"The deal was reached today and endorsed by the Iraqi cabinet. Now it's a done deal," Zebari said.
December 2nd, 2014 - 04:52 GMT

The ISIL threat put everything in perspective? Iraq, Kurdistan reach formal agreement on oil, budget

 
“The cabinet stressed that the Kingdom’s oil policy is emanating from economic fundamentals,
December 2nd, 2014 - 04:36 GMT

If you say so: Saudi Arabia says oil policy purely 'economic'

Jordan, which is the largest producer of digital games in the region, contributes about 60 per cent of the games developed in the Middle East.
December 2nd, 2014 - 04:22 GMT

Game on: Sony ready to cooperate with Jordan's local app developers

The regional projects tracker said for Qatar’s project market, the outlook from now to 2020 is extremely strong.
December 2nd, 2014 - 04:06 GMT

National Vision meets World Cup: Qatar's active projects at $285 billion

Time is the most important but under-appreciated variable in analysis and forecasts of commodity markets.
December 2nd, 2014 - 05:55 GMT

Forget shale for a moment: Opec’s big problem is weak demand

Al Bawaba
December 1st, 2014 - 11:45 GMT

Healthier tendencies: Saudi Arabia further liberalizes healthcare sector

96,599 Kuwaiti tourists have visited so far this year compared to 66,714 tourists during the same period in 2013
December 1st, 2014 - 11:33 GMT

A rekindled passion: Saudi tourists to Egypt skyrocket 98%

The feature, called "app graph," will allow the company to see what other applications users may have installed on phones or other devices.
December 1st, 2014 - 04:52 GMT

Reverse 'stalking': Twitter to keep track of apps downloaded by users

Al Bawaba
December 1st, 2014 - 04:16 GMT

Totally worth it? Infligh Wi-Fi services costing Emirates $20 million a year

Saudi Arabia’s bourse, where petrochemicals account for almost a third of total earnings, took the biggest hit among major markets,
December 1st, 2014 - 03:59 GMT

Panic mode: Gulf stocks 'bleeding'

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