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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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Huawei CFO Sues Canada for Illegal Arrest. (Shutterstock)
March 4th, 2019 - 10:28 GMT

Huawei CFO Sues Canada for Illegal Arrest

At least 42,000 expatriate professionals will enter Kuwait to apply value added and selective taxes. (Shutterstock)
March 4th, 2019 - 10:08 GMT

At Least 42,000 Expats to Enter Kuwait Due to VAT

The first floating hospital in Aswan Egypt opened its doors for the people of Aswan on Sunday. (Shutterstock)
March 4th, 2019 - 09:42 GMT

First Floating Hospital in Egypt Opens Its Door to the Poor

Solar panels are exempted from shipping taxes and customs fees. (Shutterstock)
March 4th, 2019 - 09:29 GMT

Will the Sun End Jordan's Power Struggles?

Dubai-based airline Emirates, Apple and WhatsApp are the top ranked brands by women in the UAE. (Shutterstock)
March 4th, 2019 - 09:17 GMT

Emirates Tops Women’s Choice Rankings

Uber and Careem reportedly held preliminary talks in July to combine their Middle Eastern ride-hailing services. (Shutterstock)
March 4th, 2019 - 09:01 GMT

Uber Plans to Dominate the Middle East by Acquiring Its Rival Careem

Consumers who use more than 5,000 gallons of water per month will have to pay higher fees. (Shutterstock)
March 4th, 2019 - 08:34 GMT

New Water Tariffs Announced in Oman

Saudi Arabia was described as a "Middle East giant" and the Kingdom has very large oil reserves and exports to many countries around the world. (Shutterstock)
March 4th, 2019 - 08:26 GMT

Study: Saudi Arabia Ranks 9th Among Powerful Countries

Why Blockchain Is Essential for Energy Players. (Shutterstock)
March 4th, 2019 - 08:18 GMT

Why Blockchain Is Essential for Energy Players

Prices continue to fall persistently, posting biggest weekly decline since November 2018. (Shutterstock)
March 4th, 2019 - 08:08 GMT

It Might Be the Right to Start Investing in Gold

The budget deficit last year was about $2.3 billion, a drop of about 33% from $3.4 billion in the 2017 budget. (Shutterstock)
March 3rd, 2019 - 12:56 GMT

Bahrain Expects a Deficit of About $1.88 Billion

Egypt’s GDP to reach $297bn, expecting that the government debt to GDP to reach 93% in FY 2018/19. (Shutterstock)
March 3rd, 2019 - 12:34 GMT

Egypt’s GDP Growth to Reach 5.8 Percent

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