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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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The volume of non-oil trade between the two countries in 2017 was recorded at AED36bn, a growth rate of 12.4 per cent over the year 2016. (Shutterstock)
February 21st, 2019 - 12:05 GMT

Oman, UAE to Develop Investment Opportunities

Ooredoo will showcase its 5G technological prowess and an array of futuristic services and solutions that leverage the superior capacity and speeds of 5G.
February 21st, 2019 - 11:53 GMT

Ooredoo Group to Showcase 5G Leadership and Innovations at Mobile World Congress 2019

The VAT would also apply to other ride apps such as Careem. (Shutterstock)
February 21st, 2019 - 11:46 GMT

Uber Responds to Egypt’s VAT Law

There are stories about who is leading and who is lagging in 5G deployment and about the rules of engagement for building and running 5G networks.
February 21st, 2019 - 11:42 GMT

The World Is Talking About 5G. We Are Deploying It.

P&G aims to spend $100 million on deliberately working with Women-Owned Businesses in IMEA with a $30 million commitment to India. (Shutterstock)
February 21st, 2019 - 11:28 GMT

P&G Commits to Gender Equality Across the IMEA Region

Dan Schiappa, senior vice president and general manager
February 21st, 2019 - 11:20 GMT

Sophos Central Management Platform Now Features All Next-Gen Cybersecurity Protection From Sophos

During the event
February 21st, 2019 - 11:14 GMT

Landmark Group Hosts Fifth Edition of ‘Shopathon’ Across E-Commerce Platforms

On January 31, the UK, Germany and France (the European Union signatories of the nuclear deal) launched a special purpose vehicle (SPV), dubbed the Instrument in Support of Trade Exchanges (INSTEX). (Shutterstock)
February 21st, 2019 - 11:05 GMT

INSTEX to Open up New Opportunities Between Iran, Russia

Dia Haykal, Head of Content at Haykal Media
February 21st, 2019 - 10:55 GMT

Nobel Exhibition 2019 Secures Sponsorship and Support From Prominent Local and International Institutions

Anshul Gupta, Research Director, Gartner
February 21st, 2019 - 10:47 GMT

Gartner Says Global Smartphone Sales Stalled in the Fourth Quarter of 2018

The authority said the news reports circulating online were inaccurate and misconstrued. (Shutterstock)
February 21st, 2019 - 10:44 GMT

UAE Dismisses Online Reports About Easing Qatari Shipping Ban

Several leading banks have cut the interest rates on deposits by an average of 2 percentage points while others were in the process of doing the same. (Shutterstock)
February 21st, 2019 - 10:29 GMT

Lebanese Banks Mull Reducing Interest Rates on Deposits

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