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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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Bahrain Ranks Second on Forbes' List of Best Places for Women to Work. (Shutterstock)
March 14th, 2019 - 08:01 GMT

Bahrain Ranks Second on Forbes' List of Best Places for Women to Work

The fifth gas pipeline will be operational end of the current year. (Shutterstock)
March 14th, 2019 - 07:51 GMT

Kuwait to Boost Gas Production With New Gas Pipeline Inauguration

Iraq's Oil Exports Drop in February. (Shutterstock)
March 14th, 2019 - 07:37 GMT

Iraq's Oil Exports Drop in February

Egypt to Reduce Import Bill by Increasing Rice Cultivation. (Shutterstock)
March 14th, 2019 - 07:28 GMT

Egypt to Reduce Import Bill by Increasing Rice Cultivation

Cigarettes, alcohol, energy and soft drinks are going to be more expensive from June, when a new national tax is applied in Oman. (Shutterstock)
March 14th, 2019 - 07:19 GMT

'Sin Tax' to Be Enforced in Oman in June

Passenger traffic remained resilient in 2018 and is estimated to have reached 8.8 billion. (Shutterstock)
March 14th, 2019 - 07:09 GMT

DXB Remains World's Busiest Airport in 2018 With Over 88 Million Passengers

Bahrain to Commence Working on Its Biggest Solar Plant. (Shutterstock)
March 13th, 2019 - 09:58 GMT

Bahrain to Commence Working on Its Biggest Solar Plant

Bahrain Offers 'Relaxed Visa Restrictions' to Pakistanis. (Shutterstock)
March 13th, 2019 - 09:55 GMT

Bahrain Offers 'Relaxed Visa Restrictions' to Pakistanis

The European Union put 15 countries on its list of non-cooperative tax jurisdictions. (Shutterstock)
March 13th, 2019 - 09:47 GMT

15 Countries Added on EU's Tax Haven List

The aircraft, including the batteries and engines, is entirely assembled in the UAE by Emirati hands. (Shutterstock)
March 13th, 2019 - 09:40 GMT

Electric Aircrafts to Start Roaming UAE's Sky in October 2019

Centralised control perpetuates inequality in investing but the democratisation of information could offer a cure. (Shutterstock)
March 13th, 2019 - 09:39 GMT

Access to Information: Solving the Inequality in Derivatives Trading

EU Refuses Brexit Negotiation With UK. (Shutterstock)
March 13th, 2019 - 09:31 GMT

EU Refuses Brexit Negotiation With UK

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