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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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Tech Park. (Twitter)
March 23rd, 2019 - 05:03 GMT

UAE Launches Tech Start-Up Hub From Recycled Shipping Containers

The project aims to create a “human space that will bring back the human life to Riyadh. (Shutterstock)
March 22nd, 2019 - 07:00 GMT

Saudi Arabia to Create Largest Public Park in the World

The strategic food security facilities and warehouses at Hamad Port have capacity to stockpile processed and stored food for 3 million people for two years. (Shutterstock)
March 22nd, 2019 - 06:30 GMT

Qatar Increases Efforts to Achieve Food Security

Finnovex ME 2019 brought together over 300 delegates from eight countries including the UAE, Saudi Arabia, Bahrain, Jordan, Kuwait, Lebanon, Oman and Egypt. (Shutterstock)
March 22nd, 2019 - 06:00 GMT

FinTech Expected to Improve Financial Health of People in GCC

Gulf Air operates five weekly nonstop flights between Bahrain and Athens and provides excellent two-way connectivity between the two countries and beyond. (Shutterstock)
March 21st, 2019 - 12:14 GMT

Gulf Air Named 'Fastest Growing Airline' in Middle East

The UAE allocated Dh10.3 billion for education in 2019 budget. (Shutterstock)
March 21st, 2019 - 11:52 GMT

The Effect of Oversupply of Schools on UAE's Educational Sector

Egypt sought to raise more than EGP100 billion in the budget of 2016-2017. (Shutterstock)
March 21st, 2019 - 11:05 GMT

Egypt Aims to Reach 6.1 Percent GDP, 7.2 Percent Budget Deficit

Google has abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websites. (Shutterstock)
March 21st, 2019 - 10:59 GMT

EU Fines Google for Third Time in 2 Years

With the help of artificial intelligence, farming processes can be optimized and transformed to become safer for both Earth and human life. (Shutterstock)
March 21st, 2019 - 10:46 GMT

How 'Green' Can a Robot Be?

Tourists from Germany ranked at the top of the arrivals list with 13 percent. (Shutterstock)
March 21st, 2019 - 10:14 GMT

Travel and Tourism Contribute to Egypt’s GDP by 11.9 Percent

Rents declined by 10-15 per cent in 2018 compared to 2017. (Shutterstock)
March 21st, 2019 - 09:38 GMT

Declining Expat Numbers Affects Oman's Rental Market

Small-scale development was evident in the fields of market sophistication, infrastructure, institutions, and business sophistication categories, according to Enterprise.
March 21st, 2019 - 08:46 GMT

Egypt Soars 10 Places in the 2018 Global Innovation Index

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