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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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Russia faces a 70 percent chance of recession in the next 12 months, economists project.
November 16th, 2014 - 04:55 GMT

Believe it or not, Apple could swallow Russia's entire stock market

Shareholders' equity totalled JD771 million at the end of September 2014, higher than the JD762.3 million as of December 31, 2013.
November 16th, 2014 - 04:55 GMT

Back in the game? Jordan's Phosphate Mines Company no longer making a loss

Kuwait plans more than $40 billion of investment to significantly increase its capacity to produce oil and gas
November 14th, 2014 - 12:39 GMT

Counting on fading demand? Kuwait to invest $40 billion in oil and gas projects

Al Bawaba
November 13th, 2014 - 03:39 GMT

From refugees to workers: Turkey to grant Syrians work permits

Oil in October fell below $83 a barrel and on Tuesday reached $80.46, its lowest since 2010.
November 13th, 2014 - 04:55 GMT

Giving in? OPEC finally admits reduced oil demand in 2015

Al Bawaba
November 12th, 2014 - 09:07 GMT

Real estate sales in Kuwait sky rocket to $1.27 billion

Al Bawaba
November 12th, 2014 - 08:39 GMT

Abu Dhabi firm wins major $3 billion deal for Nasr Field project

Al Bawaba
November 12th, 2014 - 07:57 GMT

Turns out it’s not true! Yahoo denies closing Dubai headquarters

Al Bawaba
November 12th, 2014 - 07:30 GMT

Spreading its wings: Top UAE engineering firm to expand in GCC and Iraq

Al Bawaba
November 12th, 2014 - 06:53 GMT

Spicing it up: Indian entrepreneur to invest $266.5 million in Saudi phrama sector

Al Bawaba
November 12th, 2014 - 04:55 GMT

ISIL may have smuggled oil into Turkey- using donkeys

Annual inflation reached its highest rate in nearly four years a year ago, then began falling until the fuel price hikes in July.
November 11th, 2014 - 09:04 GMT

A politically 'sensitive' figure: Egypt's consumer inflation rises to 11.8%

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