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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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Saudi Aramco IPO to Be Launched Within Two Years (Shutterstock)
March 7th, 2019 - 08:12 GMT

Saudi Aramco IPO to Be Launched Within Two Years

You're there to do your job, as are the rest of your colleagues. (Shutterstock)
March 7th, 2019 - 07:43 GMT

Here's Why a Good Leader Shouldn't Be People-Pleaser

Ziad Alexandre Hayek. (Twitter)
March 6th, 2019 - 12:02 GMT

Lebanon Withdraws Nomination of Hayek as World Bank President


Oil prices increased on Tuesday as US West Texas Intermediate (WTI) crude oil futures were at $56.28 per barrel. (Shutterstock)
March 6th, 2019 - 11:50 GMT

OPEC to Announce Output Policy in June

The Governor of the Bank of England, Mark Carney attends a press conference at the Bank of England in London on February 25, 2019.(AFP)
March 6th, 2019 - 11:50 GMT

Bank of England: No-Deal Brexit to Threaten Financial Stability of UK, EU

One of Libya's most important oil fields is set to reopen nearly three months after it was taken over by an armed group. (Shutterstock)
March 6th, 2019 - 11:39 GMT

Libya to Reopen Major Oil Field After Being Captivated for 3 Months

Tough Decisions Required to Help Lebanon's Crumbling Economy. (Shutterstock)
March 6th, 2019 - 11:35 GMT

US Official: Tough Decisions Required to Help Lebanon's Crumbling Economy

Companies in the United Arab Emirates’ non-oil private sector cut jobs at the fastest pace in almost a decade. (Shutterstock)
March 6th, 2019 - 11:24 GMT

UAE Private Companies Cut Jobs Due to Low Oil Prices, Turbulent Property Market

The Philippines is projected to see its ultra-rich population grow by 38 percent and China was third with 35 percent. (Pexels)
March 6th, 2019 - 11:22 GMT

Study: Asia to Become Home to Over 1,000 Billionaires

Saudi Economy Improving Due to Oil Prices' Recovery. (Shutterstock)
March 6th, 2019 - 11:11 GMT

Report: Saudi Economy Improving Due to Oil Prices' Recovery

Which of These UAE 5 Visas Is the Right One for You? (Shutterstock)
March 6th, 2019 - 10:59 GMT

Which of These UAE 5 Visas Is the Right One for You?

Nearly half of the World Bank’s $18 million loan to overhaul Beirut’s airport will be invested in a “fast-track link” to ease congestion and manage passenger flow before the summer. (Twitter)
March 6th, 2019 - 10:38 GMT

$9 Million 'Fast-Track Link' to Ease Congestion in Beirut's Airport

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