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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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Zafar will be sent into a geostationary orbit, which is a circular orbit around 36,000 kilometres (22,320 miles) above the Earth’s equator.
October 7th, 2014 - 03:55 GMT

Unsanctionable? Iran prepares to launch space satelites

The initial results for the 3-D survey were very encouraging, according to the British-based company Spectrum, which conducted the operation over 3,000 square meters off the southern Lebanese coast.
October 6th, 2014 - 09:43 GMT

A bird's view: airborne oil and gas surveillance commences in Lebanon

Egypt's debts to foreign energy firms operating in the country increased after the political turmoil which followed the 2011 revolution.
October 6th, 2014 - 01:50 GMT

Happy Eid to Egypt: Egypt repays $350 million in debt to British gas

More than buying gold jewellery as a fashion statement, with delicate designs, currently sellers have also noticed an increased sale in simple, but heavy jewellery.
October 6th, 2014 - 01:34 GMT

A festive season: Gold rush in Dubai as prices slump

Al Bawaba
October 5th, 2014 - 07:38 GMT

Iraq strife could trigger higher oil prices - IMF’s Lagarde

The Saudi government had requested the purchase of 202 Patriot Advanced Capability (PAC)-3 missiles -- the most sophisticated version of the Patriot anti-missile weapons.
October 2nd, 2014 - 03:30 GMT

Profiteering off the Gulf's arms rush? US plans billion dollars arms sale to Saudi Arabia

Emaar Properties is now worth less than it was before the sale of 15 per cent of EMG in the IPO.
October 2nd, 2014 - 02:46 GMT

A qualified success: Emaar Malls IPO wipes $1 billion off Emaar's value on day one of trading

Al Bawaba
October 2nd, 2014 - 02:30 GMT

Crime fight just got smarter: Dubai Police to put on Google Glass while driving their $400,000 Lamborghinis

Qatari Diar, the real estate arm of Qatar's sovereign wealth fund, stepped in with financial aid last year, agreeing to buy some of Barwa's assets for $7.1 billion.
October 2nd, 2014 - 01:57 GMT

Qatari developer to sell $697 million worth of land to the government

With oil prices continuing to slide, the pressure is building on the Organization of the Petroleum Exporting Countries (Opec) to reduce output at its meeting next month.
October 2nd, 2014 - 01:43 GMT

Saudi Arabia fights for market share: oil prices hit new 27-month low

Al Bawaba
October 2nd, 2014 - 12:46 GMT

Time is money: deal reached on Dubai World debt restructuring

Storing gas also gets momentum when other factors come to the fore: Economic support, safe margins in meeting country’s domestic gas needs, the half-depletion of oil reserves, etc.
October 2nd, 2014 - 03:55 GMT

Iran boasts the Middle East's top gas storage facility

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