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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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The bigger chunk of the increase, $13.2 billion, is the result of an increase in debt-servicing costs over the past year, including paid installments of $11.1 billion and interest payments of $2.1 billion. (Shutterstock)
November 5th, 2018 - 08:30 GMT

Egypt's Foreign Debt to Reach $98.863 Billion by End of Fiscal Year

Joint oil and gas fields are important for all countries in the region, with all countries which share oil and gas fields with Iran gaining billions from their procurement. (Shutterstock)
November 5th, 2018 - 08:25 GMT

What Is the Fate of Iran's Shared Oil and Gas Fields With Iraq and Saudi, Now That the US Sanctions Are Imposed?

There are expectations in Egypt that the Red Sea will be the next major exploration frontier. (Shutterstock)
November 5th, 2018 - 08:12 GMT

After Tourism, Egypt to Exploit the Red Sea for Hydrocarbons

Now producing 4.78 million barrels per day (bpd), as the head of the National Oil Company stated, Iraq boasts the world’s fourth-largest oil reserves after Saudi Arabia, Canada and Iran. (Shutterstock)
November 5th, 2018 - 08:04 GMT

Where Are All the Benefits From Being Fourth Largest Oil Producer in the World, Ask Iraqis?

The FTA between Jordan and Turkey will be officially terminated on November 22. (Shutterstock)
November 5th, 2018 - 07:55 GMT

Jordan to Impose Tariffs on Turkish Goods

The recent economic data and key business surveys suggest that the global economy has already begun to lose momentum. (Shutterstock)
November 5th, 2018 - 07:47 GMT

IMF Holds a Grim Outlook on Global Economic Growth

India’s oil imports will be reduced, but will still rank up more than a million barrels per month. (Shutterstock)
November 5th, 2018 - 07:40 GMT

Asia, Not the EU, Might Be Iran's Hope to Whither the US Sanctions Storm

Hezbollah’s deputy head Sheikh Naim Qassem. (TDS)
November 5th, 2018 - 07:26 GMT

How the Iran Sanctions Are Threatening the Lebanese Government Formation

Global demand for gold rose slightly in the third quarter compared to the same period a year ago as resurgent buying from central banks and retail consumers balanced huge outflows from exchange traded funds, the WGC report said. (Shutterstock)
November 4th, 2018 - 03:43 GMT

Will VAT Refund Increase Gold Demand in UAE?

The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. (Shutterstock)
November 4th, 2018 - 03:29 GMT

UAE Secures 11th Spot on World Bank’s Doing Business Rankings

In a tit-for-tat move, Turkey also removed sanctions on U.S. Attorney General Jeff Sessions and Homeland Security Secretary Kirstjen Nielsen, the Foreign Ministry said. (Shutterstock)
November 4th, 2018 - 03:23 GMT

US Lifts Sanctions on Two Turkish Ministers

The first overseas Qatar Visa Centre (QVC) was opened in Colombo, Sri Lanka, on October 11 as part of Qatar’s efforts to facilitate and streamline procedures for bringing expatriates to work. (Shutterstock)
November 4th, 2018 - 03:19 GMT

Qatar Negates The Guardian Report on Lack of Labour Reforms

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