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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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Constituents from Qatar and UAE will be included in the S&P Emerging BMI series for the first time.
September 16th, 2014 - 04:55 GMT

Downgrades and upgrades: Greece, Qatar, and UAE to be reclassified as Emerging Status starting Sept. 22

Under the project, the capacity of the Mina al-Ahmadi refinery will drop to 347,000 barrels per day (bpd) from 466,000, while Mina Abdulla refinery’s capacity will rise to 454,000 bpd from 270,000.
September 15th, 2014 - 08:37 GMT

Kuwait's KNPC names advisor for $12 billion Clean Fuels Project

Also, the most popular university degrees for people in the UAE, according to another report from HSBC, are business and engineering, which are typically more expensive than non-vocational degrees.
September 15th, 2014 - 08:24 GMT

If only the quality rankings matched, the UAE comes as world's seventh most expensive place for university education

The majority of small companies in the region are aiming to grow staff numbers by more than 10 per cent, indicating rising optimism among businesses.
September 15th, 2014 - 04:44 GMT

Talk about an employment rush: 86% of GCC firms will be hiring in the next three years

Al Bawaba
September 15th, 2014 - 04:10 GMT

Stepping out, completely: Arabtec's ex-CEO agrees to sell stake to Aabar

Al Bawaba
September 15th, 2014 - 02:40 GMT

Jordanian citizen sues members of Parliament for granting themselves lifetime pension

Egypt's trade balance deficit dropped to LE9.09 billion ($1.27 billion) in June 2014, the state-run statistical body CAPMAS reported Monday.
September 15th, 2014 - 04:55 GMT

Finally, some good news: Egypt's trade deficit plunges

Al Bawaba
September 15th, 2014 - 03:55 GMT

Baby steps: Qatar launches ME's biggest business incubator

Al Bawaba
September 15th, 2014 - 03:55 GMT

Running the country's economy from the outside? Libya's central bank chief fired amidst power struggle

While remittances to India from the GCC is a given considering the huge Indian population, remittances to other parts of the world is also increasing.
September 14th, 2014 - 08:48 GMT

A good chunk: UAE Exchange claims 6% of global remittances

Al Bawaba
September 14th, 2014 - 08:32 GMT

The counter-hypothetical: Malaysia airlines downing 'could have been avoided,' says Emirates

Since Dubai's 2009 financial crisis, Emaar's retailing business has benefited from a strong rebound in the emirate's economy on the back of a tourism and trade boom.
September 14th, 2014 - 08:24 GMT

Rebounding on shopping malls: Emaar expects to gain $1.58 billion from Gulf's biggest stock sale since 2008

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