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Shipping & Logistics
April 24th, 2026 - 01:19 GMT
Osama Ali

Osama Ali

Giant oil tankers power economies while carrying Billion-Dollar spill risks

ALBAWABA - Massive oil tankers continue to be an essential part of the world's energy supply chain, carrying millions of barrels of crude oil across oceans and guaranteeing the survival of economies and businesses all over the world. But despite their strategic significance, these ships also pose serious operational and environmental dangers, especially in the case of mishaps or deliberate interruptions. In order to reduce the possibility and damage of ...
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According to OBG’s findings, 70 per cent of executives said their expectations for local business conditions in the approaching year were either positive or very positive. (Shutterstock)
November 7th, 2018 - 08:12 GMT

GCC Executives Cast Positive Outlook on Region but Wary of Political Upheavals

Egypt plans to repay all of its $1.2 billion debt to foreign oil and gas companies by the end of 2019. (Shutterstock)
November 7th, 2018 - 08:06 GMT

Will Egypt Be Able to Repay Its $1.2 Billion Debts to Foreign Oil Companies?

U.S. President Donald Trump is cautious about the effects his sanctions will have on global oil markets. (AFP)
November 7th, 2018 - 07:20 GMT

Triggered by Oil Prices, Trump Changes Rhetoric on Iran Sanctions

Eni said it was not present in Iran and that the overall impact of the waiver granted to Italy was marginal for its business. (Shutterstock)
November 7th, 2018 - 07:16 GMT

Italy's Eni Contemplating Iranian Crude Despite Sanctions

The Amir said the country's exports increased by 18 percent after the blockade. (AFP)
November 7th, 2018 - 07:11 GMT

Qatari Emir Regrets Fallout With Siege Countries

Fully financed by the Abu Dhabi Fund for Development, ADFD, the UAE-CREF is the largest renewable energy initiative of its kind in the Caribbean, representing a partnership between MOFAIC, ADFD, and Masdar, the project manager and implementing lead. (Shutterstock)
November 7th, 2018 - 07:03 GMT

UAE-Caribbean $ 50 Million Renewable Energy Fund Projects Breaks Ground

US will continue to negotiate with India and the seven other countries receiving the six-month exemption to get them to cut their Iranian imports to zero. Since the reimposition of sanctions were announced, India has been cutting back on the Iranian imports. (Shutterstock)
November 7th, 2018 - 06:51 GMT

India Officially Exempt From Iran Sanctions

The line would extend from Haifa, Israel’s largest port, passing through Jordan before connecting with existing railways in the Gulf. (Shutterstock)
November 7th, 2018 - 06:46 GMT

Israel's Railway Proposal to Bolster Its GCC Ties Against Iran Sentiments

The design of the reactor has been developed by KACST scientists with the help of international experts. (SPA)
November 7th, 2018 - 06:40 GMT

Bin Salman Attends Saudi Arabia’s First Nuclear Research Reactor Project Launch

Industry estimates suggest Iran’s oil exports have in fact fallen by 40-60 percent since Trump said in May that he would reimpose sanctions, but 180-day exemptions for Iran’s biggest oil clients could mean they rise again after November. (Shutterstock)
November 7th, 2018 - 06:35 GMT

Iran Oil Exports Fell 60 Percent Since Sanctions, but Officials Deny Such Reports

Lebanon’s Central Bank and commercial banks have constantly updated anti-money laundering and terrorism financing procedures, in line with international standards. (Shutterstock)
November 6th, 2018 - 08:55 GMT

Lebanese Bankers Claim US Sanctions to Have No Effect on Economy

Workers at an onshore Iranian oil facility. (PressTV)
November 6th, 2018 - 08:42 GMT

Iran to Turn to Domestic Resources to Lessen Sanctions Impact

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