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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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The Egyptian General Petroleum Corporation (EGPC) and Egas announced an international tender for oil and gas drilling concessions last December.
September 29th, 2014 - 03:26 GMT

Totally delighted: French Total awarded gas exploration rights in Egypt

Traders in the black market told Sudan Tribune they expect the dollar price to decrease to 8 SDG.
September 29th, 2014 - 12:03 GMT

Sudanese pound strengthening against US dollar on black market

The UAE’s Ministry of Health has announced a price reduction for around 422 innovative and produced drugs, as part of its initiative to stem the surging cost of medicines in the country.
September 29th, 2014 - 11:54 GMT

No profiteering off illness: UAE slashes prices of 422 drugs

Al Bawaba
September 29th, 2014 - 11:29 GMT

Just when iphone 6 stocks ran out: ex-apple CEO of Obi mobile to introduce five affordable smartphones to the Middle East

What is really alarming is the fact that currently 63 percent of Saudi students are enrolled in majors unsuitable for the needs of the labor market.
September 29th, 2014 - 03:55 GMT

So much for Saudization? Saudis studying misfit majors for the career market

As per the deal, these companies will manufacture, supply and implement a feeder line project in the capital from the water tanks to three different locations within the city.
September 28th, 2014 - 06:09 GMT

Saudi Arabia keeps things local with selection of three companies to deliver $373 million water project

Al Bawaba
September 28th, 2014 - 05:31 GMT

Going fancy was worth it after all: Jordan's new airport sees record passenger growth

Al Bawaba
September 28th, 2014 - 04:07 GMT

Ploughing through, on free army land: Arabtec says $40 billion housing project in Egypt nearly completed

“Thieves lie in wait and observe their victims upon leaving the bank until they get into their car."
September 28th, 2014 - 04:55 GMT

Abu Dhabi's bank clients warned from surprise robbings

Al Bawaba
September 28th, 2014 - 04:55 GMT

Japanese confectionary Yoku Moku grows 400% in UAE and things are about to get even sweeter

Al Bawaba
September 28th, 2014 - 04:55 GMT

Eid came early? iPhone 6 makes it to Dubai, sells out on first day

Airlines will also need to certify their planes aren't affected by transmission signals before allowing devices to be used.
September 28th, 2014 - 03:55 GMT

Any mode is 'airplane mode': phone,tables cleared for use on flights

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