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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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The Iranian authorities are negotiating a financial and monetary agreement with China on using local currencies in bilateral financial transactions. (Shutterstock)
March 20th, 2019 - 08:32 GMT

Iran, China Mull Using Local Currencies in Financial Transactions

The US government, Boeing, airline officials and others are examining the crashes. (AFP)
March 20th, 2019 - 08:29 GMT

Boeing 737 Max Crisis: Four Questions For The CEO

India’s Accord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka. (Shutterstock)
March 20th, 2019 - 08:20 GMT

India, Oman Sign $3.85 Billion Deal to Build Oil Refinery in Sri Lanka

Insurance experts and employee welfare advisors feel that once the Dhamani (Arabic for guarantee) system is in place, it will remove the financial burden from workers. (Shutterstock)
March 20th, 2019 - 08:02 GMT

Health Insurance in Oman: A Solution for Employees, a Burden on Employers

The global oilfield service sector’s recovery from the deepest trough it has ever encountered is not going to happen overnight. (Shutterstock)
March 20th, 2019 - 07:51 GMT

Research: Oil Service Market Will Not Fully Recover Until 2025

70,000 Jobs to Be Created, SR50 billion Investment Opportunities. (Shutterstock)
March 20th, 2019 - 07:41 GMT

Saudi Arabia Launches 4 Projects Worth $23 Billion to Boost Entertainment

If you believe Dubai should be a cheaper place to live and work for, think again. (Shutterstock)
March 20th, 2019 - 07:35 GMT

This Is Why Dubai Shouldn't Be Positioned as a Cheap Destination

Fintech will radically improve the financial health of the people of the Gulf. (Shutterstock)
March 20th, 2019 - 07:28 GMT

The Power of Fintech in UAE

The real estate sector will prosper by 2020 following the implementation of 14 new cities in Egypt which are worth about EGP 388bn. (Shutterstock)
March 19th, 2019 - 07:00 GMT

14 New Cities to Revive Egypt's Real Estate Sector by 2020

The volume of bilateral trade between the State of Qatar and Iraq rose by 52 percent last year to reach QR473 million. (Shutterstock)
March 19th, 2019 - 06:00 GMT

Qatar-Iraq Trade Jumps 52 Percent, Hitting Nearly $130 Million

The municipality teams are working daily to monitor the renting out of real-estate properties to bachelors. (Shutterstock)
March 19th, 2019 - 05:00 GMT

Kuwait Concerned About Expat Bachelors

The Committee recognised the current, critical uncertainties surrounding the global oil market throughout 2019. (Shutterstock)
March 19th, 2019 - 10:49 GMT

Distinguishable Improvement in Compliance With Oil Production Cuts

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