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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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Oman Witnesses Increase in Inflation. (Shutterstock)
March 11th, 2019 - 08:14 GMT

Oman Witnesses Increase in Inflation

Saudi Arabia Assigns One Third of Government Jobs to Women. (Shutterstock)
March 11th, 2019 - 07:47 GMT

Saudi Arabia Assigns One Third of Government Jobs to Women

China maintained its position as Dubai's biggest trading partner in 2018. (Shutterstock)
March 11th, 2019 - 07:32 GMT

China Remains Dubai's Biggest Trading Partner in 2018

US to Outdo Saudi Arabia in Oil Exports in 2019. (Shutterstock)
March 10th, 2019 - 12:41 GMT

US to Outdo Saudi Arabia in Oil Exports in 2019

US Citizens Will Need Schengen Visa to Enter Europe in 2021. (Shutterstock)
March 10th, 2019 - 12:13 GMT

US Citizens Will Need Schengen Visa to Enter Europe in 2021

Who Runs the 'STEM in the Arab World'? 'Girls'! (Shutterstock)
March 10th, 2019 - 12:07 GMT

Who Runs the 'STEM in the Arab World'? 'Girls'!

Which of These 5 Job Seekers Are You? (Shutterstock)
March 10th, 2019 - 11:31 GMT

Which of These 5 Job Seekers Are You?

The first shale oil well drilling started a few months ago. (Shutterstock)
March 10th, 2019 - 11:17 GMT

Bahrain to Start Shale Oil Production Soon

Residents are advised not to transfer money until they see and test the car. (Shutterstock)
March 10th, 2019 - 11:13 GMT

New Scam Targeting Online Car Shoppers in UAE

Egypt Expected to Be Among World’s Top 10 Economies by 2030. (Shutterstock)
March 10th, 2019 - 10:21 GMT

Egypt Expected to Be Among World’s Top 10 Economies by 2030

Kuwait Exposes Employees Working in Oil Sector With Forged Certificates. (Shutterstock)
March 10th, 2019 - 09:55 GMT

Kuwait Exposes Employees Working in Oil Sector With Forged Certificates

The pharmaceutical sector in the Mena region has witnessed tremendous growth over the last few years. (Shutterstock)
March 10th, 2019 - 09:37 GMT

Pharmaceutical Sector in MENA to Hit $60 Billion by 2025

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