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BUSINESS

BUSINESS latest

JD Vance in Switzerland
June 21st, 2026 - 11:58 GMT
P. Choiaqo

P. Choiaqo

JD Vance says 16 million barrels of oil flowed through Hormuz in 24 hours

ALBAWABA - It seems that the MOU signed between the U.S. and Iran is slowly becoming reality as oil flows through Hormuz despite Iranian claims of the strait being shut down. On Wednesday, Iran and the U.S. signed a 14-point memorandum of understanding (MOU) with one of its points allowing the free flow of oil without restrictions and blockades from both sides. However, as Israel continues its attacks on Lebanon ...
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Apple CEO Tim Cook speaks during an event launching Apple TV+ at Apple headquarters on March 25, 2019, in Cupertino, California. (AFP)
March 26th, 2019 - 07:51 GMT

Apple Launches New Streaming Service, Credit Card

The top 10 countries account for 85 per cent of the exported national origin value and 15 per cent for other countries. (Shutterstock)
March 26th, 2019 - 07:11 GMT

Bahrain-Origin Exports Soars to $465 Million

U.S. Crude Oil WTI Futures fell 0.8% to $58.56 by 1:00 AM ET (05:00 GMT). International Brent Oil Futures was down 0.7% to $66.31. (Shutterstock)
March 25th, 2019 - 12:22 GMT

Oil Prices Slip Amid Concerns on Global Economic Slowdown

As the job market is becoming increasingly difficult, more and more candidates are opting to have their CVs written professionally. (Shutterstock)
March 25th, 2019 - 12:07 GMT

This Is Why You Need a Professional CV

US regulators are preparing to receive and review the fixes in the coming weeks following deadly crashes in Indonesia and Ethiopia. (AFP)
March 25th, 2019 - 11:56 GMT

Boeing to Return 737 Max to Commercial Service

A balanced capitalist economy requires a magic number. (Shutterstock)
March 25th, 2019 - 11:39 GMT

Balanced Capitalist Economy, Illusion or Achievable Dream?

The teachers on temporary contracts, who have been on strike since March 3, enjoy the same salaries as their permanent colleagues - 5,000 dirhams ($520) a month. (AFP)
March 25th, 2019 - 10:32 GMT

Thousands of Teachers Protest in Morocco Demanding Social Justice

Luxor. (Shutterstock)
March 25th, 2019 - 09:33 GMT

Egypt Ranks First as Billionaires’ Most Desired Country to Visit in 2019

The cities have integrated aggressive targets to significantly use less energy, as well as facilitate the development of smart cities. (Shutterstock)
March 25th, 2019 - 09:22 GMT

Dubai, Abu Dhabi Rank Highest in Region for Quality of Living

As per the deal, 600 MW will be offered by the Office of Renewable Energy Projects Development (Repdo) in a public competition. (Shutterstock)
March 25th, 2019 - 09:13 GMT

Saudi Arabia to Float Tenders for Solar Project in Makkah

Share of non-oil sector in country's economy will rise to 80% in next 5 years. (Shutterstock)
March 25th, 2019 - 09:02 GMT

UAE Focuses on Asia to Expand Non-Oil Foreign Trade

Only a third (34 per cent) of institutional investors noted that they are altering European and UK allocations as a result of Brexit. (Shutterstock)
March 25th, 2019 - 08:51 GMT

EMEA Fixed Income Investors Optimistic About Current Economic Expansion

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