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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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“Unfortunately, often when that tax goes up the illicit trade will go up,” said LeMoult, speaking at the third Global Illicit Trade Forum in Abu Dhabi. (Shutterstock)
November 1st, 2018 - 03:30 GMT

Illicit Trade in GCC Rises as VAT and Taxation Increase

On Tuesday, the executive director of the International Energy Agency (IEA), Fatih Birol, warned that high oil prices hurt consumers and could harm producers. (Shutterstock)
November 1st, 2018 - 03:25 GMT

Oil Prices Rising Despite Output Increase and Iran Sanctions

The Algerian state-owned Sonatrach developed a strategic vision for 2030 to become one of the world's top five oil corporations, Guitouni pointed out. (Shutterstock)
November 1st, 2018 - 03:20 GMT

Algeria Taps Into Shale Gas Reserves, With Production Slated Within Five Years

The U.S. reimposed other non-oil sanctions in August, but next week's tranche is expected to have the greatest economic effect. (Shutterstock)
November 1st, 2018 - 03:14 GMT

US May Grant Waivers as Iran Sanctions Loom

As the U.S. financial system increasingly becomes an extension of Trump’s national-security policy, European policymakers have begun to lament the “tyranny” of the dollar. (Shutterstock)
November 1st, 2018 - 03:09 GMT

How Trump Is Using the Dollar to Reshape the Middle East

The center has also provided health and food aid to the Yemeni people. (SPA)
October 31st, 2018 - 09:24 GMT

Saudi's KSRelief Donates $1.9 Billion in International Aid

South Korea Joins Turkey in Seeking Iran Waiver Ahead of Sanctions. (Shutterstock)
October 31st, 2018 - 09:19 GMT

South Korea Joins Turkey in Seeking Iran Waiver Ahead of Sanctions

The delay has held up economic reforms that have been put off for years but are now seen as more pressing than ever. (Shutterstock)
October 31st, 2018 - 09:14 GMT

With Mounting Economic Pressure, Lebanon Might Succeed in Forming a Government

The Gulf's six oil-exporting countries originally agreed to introduce a five per cent value-added-tax (VAT) at the start of 2018. (Shutterstock)
October 31st, 2018 - 09:11 GMT

Kuwait Will Not Abandon Economic Reforms Despite Higher Oil Prices

Every expatriate worker moving from private to public sector must obtain approval of the Civil Service Commission based on relevant regulations. (Shutterstock)
October 31st, 2018 - 09:02 GMT

In Kuwait, New Rules to Be Announced for Transfer of Expat Workers Visa

Over the five-year period, employment potential in the SME sector is expected to touch 22 million from the current 17 million in GCC. (Shutterstock)
October 31st, 2018 - 08:56 GMT

SMEs in GCC to Hit $920 Billion in Five Years

The new law will reflect positively on advancing the UAE's rankings across global competitive indices. (Shutterstock)
October 31st, 2018 - 08:42 GMT

New FDI Law to Advance UAE's Rankings Across Global Competitive Indices

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