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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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Jeddah is a fertile region for private sphere investment in the leisure and entertainment industries. (Shutterstock)
March 2nd, 2019 - 07:41 GMT

Saudi Entertainment Sector to Create 200,000 Jobs by 2030

A total of 21,014 residential units, including apartments, villas and townhouses, had been completed during the third quarter of 2018. (Shutterstock)
March 2nd, 2019 - 07:39 GMT

Over 47,000 New Residential Units to Be Completed in Dubai

Saudi Arabia on Europe's Blacklist of Countries for Terrorism Financing and Money Laundering. (Shutterstock)
March 2nd, 2019 - 07:30 GMT

Saudi Arabia Won't Be on Europe's Money Laundering Blacklist

The Huawei Mate 20 Pro is Huawei's latest flagship smartphone. (File/Photo)
March 1st, 2019 - 08:03 GMT

Huawei Mate 20 Pro Awarded "Best Smartphone" at MWC 2019

Prices have increased after declining for four consecutive months. (Shutterstock)
March 1st, 2019 - 07:32 GMT

Higher Petrol Prices This Month in UAE

Iran’s tax income rose 14.1 percent during the last Iranian calendar year. (Shutterstock)
March 1st, 2019 - 07:22 GMT

Over $20.4 Billion of Taxes Collected in Iran

Qatar’s consumer price index (CPI) decreased by 0.3 percent year-on-year
March 1st, 2019 - 07:20 GMT

Qatar's Consumer Price Index Drops 0.3 Percent in Q4 of 2018

 The average monthly salary of expatriates in the Gulf countries was $ 8,083, down 26% from the previous year. (Shutterstock)
February 28th, 2019 - 10:42 GMT

Average Expatriate Workforce in the Gulf Countries Is Declining

This will strengthen the UAE's position as a reliable supplier of crude oil. (Shutterstock)
February 28th, 2019 - 10:40 GMT

UAE to Build World's Largest Crude Oil Storage Facility in Fujairah

May to Announce $250-Million World Bank Loan to Jordan. (Shutterstock)
February 28th, 2019 - 08:22 GMT

May to Announce $250-Million World Bank Loan to Jordan

Jordan Flashes Its Investment Hub Placards in London. (Shutterstock)
February 28th, 2019 - 08:12 GMT

Jordan Flashes Its Investment Hub Placards in London

The value of Qatari exports to Jordan reached Jordanian Dinars (JD) 82.7 million in 2018. (Shutterstock)
February 28th, 2019 - 08:05 GMT

Qatari exports to Jordan reaches JD 82.7 mn in 2018

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