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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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Terminating the third tranche will save the Treasury around JD70 million as the government allocated JD210 million in direct cash compensation for fuel this year.
November 30th, 2014 - 04:55 GMT

Seizing the moment: Jordan cancels third tranche of fuel compensation after oil price collapse

Al Bawaba
November 27th, 2014 - 11:23 GMT

700 bridges in Egypt on the verge of collapse

Al Bawaba
November 27th, 2014 - 11:16 GMT

A shift from the 'crackdown' rhetoric? Saudi Arabia to allow expats to extend their residency

Many banks in the region have fallen back on fees and charges as a way of offsetting pressure on the profitability of lending,
November 27th, 2014 - 05:04 GMT

How gracious! HSBC voluntarily refunds ME customers 'excessive' fees

"The power of convincing will prevail tomorrow... I am confident that OPEC is capable of taking a very unified position," Naimi said
November 27th, 2014 - 12:30 GMT

A consensus to fight over market share: OPEC heads towards no ouput cut

Al Bawaba
November 27th, 2014 - 11:33 GMT

More like the 'big bang' mall? Kuwait's Mabanee to splurge $910 million on fourth phase of Avenues Mall

Lakkotrypis said the best way for Cyprus to export to Egypt was directly via a pipeline.
November 27th, 2014 - 04:55 GMT

In addition to Israeli gas? Egypt has its eyes set on Cypriot gas

An official said on Wednesday that the bank is expecting to attract an initial Rs1 billion ($16.4 million) to the fund.
November 27th, 2014 - 04:55 GMT

India’s largest state-owned bank to launch Islamic fund

Venezuela, a noted price hawk, would try for an output agreement within OPEC on Thursday instead.
November 26th, 2014 - 07:28 GMT

The pretext to a vicious supply game? OPEC's major oil powers fail to reach 'impromptu' agreement on output

Al Bawaba
November 26th, 2014 - 07:15 GMT

No throwing up (hopefully)! World's largest roller coaster restaurant opens in Abu Dhabi


Key will be what the club's biggest producer and exporter Saudi Arabia decides.
November 26th, 2014 - 12:09 GMT

Oil sinks below $80 as signs of output cut fade

The firm will be charged with "corruption of foreign public officials",  in a case that dates back some 20 years.
November 26th, 2014 - 11:33 GMT

Totally messed up: Total to finally face charges over bribing Iranian officials

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