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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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Al Bawaba
November 4th, 2014 - 05:55 GMT

Oil prices take another hit

"The method of privatisation will be determined with the advisor," one of the banking sources told Reuters.
November 4th, 2014 - 04:55 GMT

Turkey revives plans to privatize major roads, bridges

There were 51,753 Saudis who visited Egypt in August - an increase of 254.3 percent compared with August 2013.
November 3rd, 2014 - 06:55 GMT

Back, after being told 'they're missed': Gulf tourists to Egypt increase 91%

Credit cards represent only 20% of total financial transactions, while payment upon delivery occupies the lion’s share of total online purchases.
November 3rd, 2014 - 05:55 GMT

A blessing in disguise? Only 7% of Egyptians have bank accounts

Development of the part jointly owned with the Saudis has been frozen for a year, according to Al-Rai.
November 3rd, 2014 - 05:55 GMT

First oil, now gas: Kuwait, Saudi Arabia in new conflict over energy

Al Bawaba
November 2nd, 2014 - 10:34 GMT

Mission 'regional hub' accomplished? Jordan sees highest airport traffic, ever

Al Bawaba
November 2nd, 2014 - 02:08 GMT

Lebanese jewelers Mouawad will design Victoria Secret's multi-million fantasy bra this year as well!

Al Bawaba
November 2nd, 2014 - 01:45 GMT

A twisted dynamic: Sharjah rental rates grow thanks to slowdown in Dubai's property market

The international rating agency said the revised outlook for Jordan's rating was supported by expectations that the Kingdom's fiscal and external balances will continue to improve.
November 2nd, 2014 - 01:11 GMT

Three years later: S&P is finally convinced that Jordan is stable

The agreement, signed in 2012, facilitated exporting Turkey’s goods to the Gulf and African nations through Egypt's mainland via Egyptian ports
November 2nd, 2014 - 05:55 GMT

Business or politics? Egypt cancels major trade agreement with Turkey

These stadiums, which will have a capacity of 45,000 spectators, will be built on the lines of the hitech King Abdullah Sports City located 50 km from Jeddah,
November 2nd, 2014 - 04:55 GMT

A new 'face' to the rivalry with Qatar? Aramco gets bid to $4 billion worth of soccer stadiums in Saudi

Al Bawaba
November 2nd, 2014 - 04:55 GMT

Beyond Harrod's and the Shard: David Cameron appeals to Qatar to invest in his country's infrastructure

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