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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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March 12th 2019 celebrates 30 years of the history of the web. (Shutterstock)
March 17th, 2019 - 08:52 GMT

Infographic: History of the World Wide Web

The unemployment rate also sparked to its highest levels in nine years. (Shutterstock)
March 17th, 2019 - 08:48 GMT

Turkey Faces Rise in Short-Term Debt, Unemployment Rate

Annual inflation in Egypt was up by 14.4% in February. (Shutterstock)
March 17th, 2019 - 08:35 GMT

Egypt's Inflation Soars Due to Increase in Prices of Food Commodities

A total of 582 expat nurses have lost their jobs as 449 Omani nurses were hired over the last two years. (Shutterstock)
March 17th, 2019 - 08:28 GMT

Omanization Hits the Nursing Sector Resulting in the Loss of Over 500 Job

The index says the best cities offering a positive experience for its citizens include Singapore, London, New York, Dubai, Seoul and Barcelona. (Shutterstock)
March 17th, 2019 - 08:18 GMT

Dubai One of the Top 5 Smart Cities in the World

Eligible loans include auto loans, overdraft facilities and credit card balances, but will exclude mortgage loans and loans for shares or deposits. (Shutterstock)
March 17th, 2019 - 08:09 GMT

UAE Launches New Loan Scheme for Nationals

Government should look into it in order to attract more investment in manufacturing sector. (Shutterstock)
March 17th, 2019 - 08:00 GMT

Investors Demand Taxes on Trucks to Be Reviewed in UAE

Lebanon launched a crackdown on corruption, leading to the arrest of dozens of people in ministries and official departments. (Shutterstock)
March 17th, 2019 - 07:50 GMT

Lebanon to Combat Corruption With New 'Anti-Corruption Commission'

Over the last four years there has been a diverse shift in the demographic mix of Saudi Arabia’s labor market. (Shutterstock)
March 17th, 2019 - 07:08 GMT

The Role of Saudi Women in Real Estate Sector

Qatar witnessed a further increase in employment in February. (Shutterstock)
March 16th, 2019 - 08:11 GMT

More Jobs in Qatar Despite Blockade

Flying Taxis to Roam the Skies by 2025. (AFP)
March 16th, 2019 - 08:05 GMT

Flying Taxis to Roam the Skies by 2025

Turkey continues to be holiday hub for Russia. (Shutterstock)
March 16th, 2019 - 07:58 GMT

Russian Tourists Boost Turkey's Tourism

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