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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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Roughly 15,000 state employees may have been hired illegally. (Shutterstock)
February 28th, 2019 - 07:47 GMT

Lebanon Investigates 15,000 Illegal State Hires

Lebanon’s domestic bank deposits are forecast to grow by a “conservative” $7 billion to $8 billion in 2019. (Shutterstock)
February 28th, 2019 - 07:29 GMT

Lebanese Domestic Bank Deposits to Grow by $8 Billion Thanks to Government Formation

Saudi Auto Services Market Eyeing a 6 Percent Growth for the Next 5 Years. (Shutterstock)
February 28th, 2019 - 07:00 GMT

Saudi Auto Services Market Eyeing a 6 Percent Growth for the Next 5 Years

UAE Grounds All Flights to Pakistan Citing Security Concerns. (Shutterstock)
February 28th, 2019 - 06:54 GMT

UAE Grounds All Flights to Pakistan Citing Security Concerns

More than 2 million women are now using Absher, the “one-click” app. (File/Photo)
February 28th, 2019 - 06:45 GMT

Despite Global Backlash, Absher App Female Users Soar

Saudi's Digital Economy to Add $2 Billion Annually by 2030. (Shutterstock)
February 28th, 2019 - 06:29 GMT

Saudi's Digital Economy to Add $2 Billion Annually by 2030

How Will the OIC Plan for More Prosperous Islamic Economy? (Shutterstock)
February 28th, 2019 - 06:15 GMT

How Will the OIC Plan for More Prosperous Islamic Economy?

Is Germany Reconsidering Its Arms Exports Ban to Saudi? (Shutterstock)
February 28th, 2019 - 06:00 GMT

Is Germany Reconsidering Its Arms Exports Ban to Saudi?

Investments in Mediterranean Gas Fields Exceed $27 Billion. (Shutterstock)
February 27th, 2019 - 12:41 GMT

Egypt: Investments in Mediterranean Gas Fields Exceed $27 Billion

Gold Prices Rise Following Powell Testimony. (Shutterstock)
February 27th, 2019 - 12:27 GMT

Gold Prices Rise Following Powell Testimony

Such funds will provide a saving opportunity to all the employees in the UAE and the region labour markets. (Shutterstock)
February 27th, 2019 - 12:15 GMT

New Funds Urged for Managing Retirement Benefits in UAE

Stanchart, as the bank is popularly known, started talks with regulators in the Kingdom to obtain a banking license in 2017. (Shutterstock)
February 27th, 2019 - 10:59 GMT

Standard Chartered to Launch Banking Operations in Saudi Arabia

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