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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
August 28th, 2014 - 09:46 GMT

Hard work? Saudi denies plans of scrapping five-day working week

The objectives are to acquaint the Indian community in Bahrain and nearby countries with the various investment opportunities in India
August 28th, 2014 - 08:50 GMT

Bahrain-India trade ties to be focus of key talks

Al Bawaba
August 28th, 2014 - 06:44 GMT

Bahrain to launch new online visa system at the click of a button

The Kingdom’s annual rate of energy consumption exceeded 5 percent while the economic growth rate reached 4 percent
August 28th, 2014 - 06:13 GMT

Wasting energy costs Kuwait's local economy millions annually

Al Bawaba
August 28th, 2014 - 05:58 GMT

Dubai Expo 2020 enters next phase as grand plan is underway

MPs criticised the government approach in dealing with several large-scale investments in renewable energy
August 28th, 2014 - 05:19 GMT

Jordan MPs criticise delays in implementing renewable energy projects

Al Bawaba
August 27th, 2014 - 11:26 GMT

Dubai's residential rents dip slightly in H1

Construction represents an increasing share of overall gross domestic product (GDP)
August 27th, 2014 - 10:55 GMT

Egypt sees 2% growth in construction, 6% in steel industry

Al Bawaba
August 27th, 2014 - 10:30 GMT

Aldar prepares to open UAE’s largest Geant supermarket in Yas Mall

Al Bawaba
August 27th, 2014 - 09:26 GMT

Saudi 40-hour working week scrapped in private sector

Al Bawaba
August 27th, 2014 - 08:54 GMT

Medina ranked as a top investment hot spot

Al Bawaba
August 27th, 2014 - 08:12 GMT

Cleaning up! Mall of the Emirates revamp enters second phase

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