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Oil prices
January 7th, 2026 - 09:28 GMT
Sally Shakkour

Sally Shakkour

Oil prices drop after Venezuela agrees to send crude to the US

ALBAWABA - Oil prices reported a slight decrease on Wednesday after U.S. President Donald Trump announced that the U.S. had reached an agreement to import $2 billion worth of crude oil from Venezuela, a move expected to boost supplies to the world's largest oil consumer. Trump said on Tuesday night that Venezuela will be sending between 30 million to 50 million barrels of oil to Washington, to be sold at ...
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In September 2015, after bilateral negotiations in Tehran it was announced that the project will be operational by late 2017. (AFP/File)
August 11th, 2016 - 02:00 GMT

Oman and Iran agree to redesign gas pipeline route

The IMF says it has reached an initial agreement with Egypt for a $12 billion loan over three years. (AFP/File)
August 11th, 2016 - 12:28 GMT

Egypt obtains initial $12bn deal with IMF to cover next three years

At least seven different online visa agencies operating inside and outside Oman are using Facebook and other social media apps to sell their services – often conning unsuspecting customers out of money. (AFP/File)
August 11th, 2016 - 11:55 GMT

Exposed: Black market for counterfeit Oman visas on social media

Pilgrims line up outside the Jeddah airport in Saudi Arabia. (Shutterstock)
August 11th, 2016 - 11:00 GMT

Jeddah airport to receive 4,300 pilgrims per hour during Hajj

Contracts traded during the five-day period ending August 4 suggest the market expects WTI prices could range from $29 a barrel to $61 a barrel. (File photo)
August 11th, 2016 - 10:00 GMT

EIA estimates oil prices will stabilize in 2017

Emiratis attend a presentation about the UAE Space Agency. (File)
August 11th, 2016 - 10:00 GMT

UAE Space Agency, Lockheed Martin ‘blast off’ with professional training program

Transferring money in Lebanese banks can take weeks of frustration. (Shutterstock)
August 11th, 2016 - 06:00 GMT

Show me the money: Lebanon addresses bank transfer delay problems

An Egyptian worker drinks tea at Karnak temple in Luxor, Egypt, on June 11, 2015. (AFP/Mohamed el-Shahed)
August 11th, 2016 - 05:00 GMT

Experts predict new levels of poverty due to corruption in Upper Egypt

Kuwait is preparing a comprehensive economic program to face the challenges imposed by the drop in oil prices and to achieve a balance in the national economy via diversifying income sources and putting an end to wasting public funds. (AFP/File)
August 10th, 2016 - 02:00 GMT

Kuwaiti government hikes up fuel prices

This December 2, 2015 photo released by Qatar University shows Qataris taking pictures with Turkish President Recep Tayyip Erdogan. (AFP/File)
August 10th, 2016 - 12:45 GMT

Qatar thinks all is well in Turkey: No risks, investment to continue

Jordan's Prime Minister Hani Mulki reached out to Turkey to strengthen economic ties between the two countries. (AFP / File)
August 10th, 2016 - 12:00 GMT

Jordan, Turkey discuss economic relations

Russian President Vladimir Putin (L) shakes hands with Turkey's President Recep Tayyip Erdogan during a meeting in Baku on June 13, 2015. (AFP/Alexei Druzhinin)
August 10th, 2016 - 11:00 GMT

Russian Sovereign Wealth Fund looks to invest in Turkey

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