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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
October 14th, 2014 - 02:07 GMT

Kuwait to award $38 billion worth of contracts by 2015

Al Bawaba
October 14th, 2014 - 01:24 GMT

Israeli shekel continues to weaken to no avail

Al Bawaba
October 14th, 2014 - 01:04 GMT

Panic over? Saudi, Dubai stock markets in the lead after tumble

Al Bawaba
October 14th, 2014 - 01:03 GMT

All about social services: UAE cabinet approves $13 billion budget for 2015

Egypt’s real GDP in FY 2013/2014 reached 2.2 percent, almost the same as in the preceding fiscal year.
October 14th, 2014 - 12:47 GMT

Accumulating optimism: Egypt GDP to grow 6% by 2018

Al Bawaba
October 14th, 2014 - 12:15 GMT

GCC ministers meet in Kuwait to discuss boosting tourism sector

Al Bawaba
October 14th, 2014 - 11:36 GMT

Etihad Airways revenues sky rocket by $1.8 billion in Q3

The Central Bank chief also explained that he requested the IMF send a delegation to Lebanon "to evaluate the cost borne by the country as a result of receiving displaced Syrians."
October 13th, 2014 - 11:14 GMT

You have our blessings: IMF 'satisfied' with Lebanon's economic performance

Bourses in the region posted their biggest losses in years on Sunday as global markets' decline at the end of last week served as a trigger for aggressive profit-taking.
October 13th, 2014 - 10:53 GMT

The panic attack has passed: ME stock markets rebound from global sell-off

Eligible patients can call Abu Dhabi Telemedicine Centre’s UAE toll free number 800-4959 any time of the day or night for a teleconsultation.
October 13th, 2014 - 09:24 GMT

24/7 healthcare phoneline comes to UAE

Kuwaiti logistics firm Agility said on Monday that a wholly owned unit had won an $82.5 million contract from Britain’s Ministry of Defence.
October 13th, 2014 - 12:16 GMT

Kuwait's agility wins British military contract

Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC’s biggest producer have told Reuters.
October 13th, 2014 - 11:59 GMT

The $100 dollar days seem to be over: oil prices plummet to 4-year low and not even Saudi Arabia can do anything about it

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