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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 Remains Best Country for Expats. (Shutterstock)
March 12th, 2019 - 11:03 GMT

Survey: Bahrain Remains Best Country for Expats

A total of Dh9.5 billion of the remittances were transferred through banks and Dh30.4 billion through money exchange companies. (Shutterstock)
March 12th, 2019 - 10:55 GMT

Expats' Remittances in UAE Exceeded $10 Billion in Q4 2018

 All You Need to Know About Dubai's Free Zones. (Shutterstock)
March 12th, 2019 - 10:37 GMT

All You Need to Know About Dubai's Free Zones

Why a Robot Could Be the Perfect Gift on Mother's Day. (Shutterstock)
March 12th, 2019 - 10:06 GMT

Why a Robot Could Be the Perfect Gift on Mother's Day

President Donald Trump proposed the highest budget in U.S. history Monday with a record $4.7 trillion request to Congress. (Shutterstock)
March 12th, 2019 - 09:48 GMT

Trump Proposes $4.7 Trillion, Highest Budget in US History

Brent closed Friday at $65.08 per barrel while WTI traded at $55.69 per barrel. (Shutterstock)
March 12th, 2019 - 09:40 GMT

Brent Crude Rises Slightly to $66.27

Privatization of Oman's Power Companies to Cut Bills for Consumers. (Shutterstock)
March 12th, 2019 - 09:10 GMT

Privatization of Oman's Power Companies to Cut Bills for Consumers

Saudi Arabia Invites Bids for 7 Solar Projects Worth $1.51 Billion. (Shutterstock)
March 12th, 2019 - 08:57 GMT

Saudi Arabia Invites Bids for 7 Solar Projects Worth $1.51 Billion

Honest feedback may have had its moment in the sun, but it isn't relevant anymore. (Shutterstock)
March 12th, 2019 - 08:45 GMT

Why Did Everyone Stop Giving 'Honest Feedback' at the Workplace?

The digital transformation means that a smaller workforce can perform and keep track of their activities and timelines. (Shutterstock)
March 12th, 2019 - 08:36 GMT

The Role of New Technologies in Accelerating the Startups' Growth

A recent survey by an online recruitment firm revealed a 9 per cent growth in UAE's employment sector in 2019. (Shutterstock)
March 12th, 2019 - 08:22 GMT

More Than 8,500 Jobs Created in Dubai in 2019

Overall economic expansion for fourth quarter of 2018 estimated at 4.4%. (Shutterstock)
March 12th, 2019 - 08:11 GMT

UAE's GDP to Increase to 3.5 Percent in 2019

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