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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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Large volumes of natural gas have been found in the Red Sea. (Shutterstock)
March 10th, 2019 - 09:34 GMT

Saudi Arabia: Large Volumes of Gas Discovered in Red Sea

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day. (Shutterstock)
March 10th, 2019 - 09:24 GMT

India Negotiates Waiver Extension With US on Iran’s Oil

Lebanon will have no problems rolling over 2019’s debt. (Shutterstock)
March 10th, 2019 - 08:20 GMT

Will 2019 Be a Better Year for Lebanon's Economy?

Canada Keen on Increasing Trade Volume With Qatar. (Shutterstock)
March 10th, 2019 - 08:13 GMT

Canada Keen on Increasing Trade Volume With Qatar

Prices seen to go down on decline in housing and fuel prices, oversupply in retail and hospitality, and receding VAT effect. (Shutterstock)
March 10th, 2019 - 07:59 GMT

UAE Expected to Slip Into Deflation in 2019

Facebook Messenger has over 1.3 billion users globally. (Shutterstock)
March 9th, 2019 - 08:32 GMT

Facebook Messenger's User Data Exposed by Bug

The value of re-exports increased by 49pc as it reached BD58m during January versus BD39m in the same month a year ago. (Shutterstock)
March 9th, 2019 - 08:21 GMT

Report: Saudi, UAE, US Are Bahrain's Top Importers

Amazon on Wednesday unveiled plans to open more bookstores and “4-star” shops selling only the best-rated products. (Shutterstock)
March 9th, 2019 - 08:16 GMT

Amazon to Expand Amazon Books, '4-Star' Shops

Saudi Arabia sold gas to domestic consumers below cost of production, to encourage this new desire for fuel diversity. (Shutterstock)
March 9th, 2019 - 07:53 GMT

The Importance of Gas Production in Saudi Arabia

The company has not released more specifics about the engine. (Bugatti.com)
March 8th, 2019 - 06:30 GMT

Most Expensive Car Sold for $19 Million

The Indian government plans to study the options it has and consider the impact on its trade with the US. (Shutterstock)
March 8th, 2019 - 06:00 GMT

India Mulls Dropping Proposed Trade Package With US

The real estate finance sector in the kingdom will play a significant role in increasing the ownership rate, reaching 70 per cent by 2030. (Shutterstock)
March 8th, 2019 - 05:30 GMT

Saudi Arabia Eyes Over $21 Billion Worth of Investments in Mortgage Finance

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