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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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Currently under way is the multibillion dollar expansion of the airport to increase the overall capacity to over 40 million passengers per year
October 1st, 2014 - 08:46 GMT

Best summer ever? Abu Dhabi passenger traffic rises close to 24%

Al Bawaba
October 1st, 2014 - 07:46 GMT

US embassy announces Diversity Visa Lottery

Al Bawaba
October 1st, 2014 - 11:52 GMT

Things are about to change, forever: US projected to overtake Saudi oil production

Al Bawaba
October 1st, 2014 - 03:55 GMT

No pun intended: Virgin comes to Saudi Arabia just in time for Hajj

On Sunday, Erdogan again slammed the credit agencies, saying they were making "foolish statements".
September 30th, 2014 - 09:44 GMT

Fitch urged to change its mind about Turkey

Strong economic data could prompt the US central bank to raise interest rates faster and sooner than expected, which could boost the dollar and hurt non-interest-bearing bullion.
September 30th, 2014 - 04:58 GMT

US Dollar hits four year peak, drags gold down

The vehicle models recalled include the Land Cruiser (79,972) followed by Camry (43,207), Lexus LX 570 (9,589), Avalon (7,382) and Sequoia (857).
September 30th, 2014 - 12:51 GMT

Over 141,000 Toyota and Lexus cars recalled over dangers of sudden acceleration

 Global supply of crude oil and liquid fuel reached all-time highs of 92.6 million barrels per day in August. Stable oil producers.
September 30th, 2014 - 10:46 GMT

Oil prices at 2 year low and likely to remain there

The project, which involves the extension of a 11-km road with five lanes on both sides, is expected to be completed by 2017,
September 30th, 2014 - 04:55 GMT

Massive plan: Qatar commences on $577 million road project

Al Bawaba
September 30th, 2014 - 03:55 GMT

Time to address the energy crisis: Egypt to invest $14.5bn in petrochemicals, refining

NASDAQ Dubai is the third largest exchange in the world by value for listed Sukuk, or Islamic bonds, at 19.2 billion dollars.
September 29th, 2014 - 04:51 GMT

Emirates NBD lists $500 million bond on NASDAQ Dubai

The key driver of Mohamed Yousuf Naghi Motors’ solid performance in the first half of the year was the recently launched Rolls-Royce Wraith.
September 29th, 2014 - 04:33 GMT

A tad unsurprising? Saudi Arabia biggest Rolls Royce market in the Middle East

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