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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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Egyptia state-owned banks are likely to borrow from abroad in case its own resources of foreign exchange cease to cover the needs of its clients. (File Photo)
August 8th, 2016 - 05:00 GMT

Egypt's government banks rely on own resources for US dollars

Only four in 10 employers have a strategy in place to attract workers who are not actively seeking a new job, despite professionals being overwhelmingly open to being contacted with potential offers of employment. (AFP/File)
August 8th, 2016 - 03:00 GMT

Employers overlooking talented candidates: Study

Dhows carrying tourists cruise off the Oman's Khasab shores along the Strait of Hormuz. (AFP/File)
August 8th, 2016 - 02:00 GMT

Oman suffering from decline in tourism

The Emirates' annual summer travel peak has kept Dubai airport very busy. (File Photo)
August 8th, 2016 - 01:00 GMT

Dubai Airport to reach 8.5 million passenger target

Unsolicited job offers were sent from scammers posing as Dubai Petroleum, Rak Petroleum, Barclays Oil and Gas, among others. (Shutterstock)
August 8th, 2016 - 12:00 GMT

Desperate for work, Jordanian job seekers fall prey to scammers in Gulf

Oman's economic growth is expected to slow in 2016 and 2017 to an average of 2 per cent. (File photo)
August 8th, 2016 - 11:00 GMT

Oman economy slows as oil prices remain low

A tourist walks past empty sunbeds on a beach in Egypt. (AFP/File)
August 8th, 2016 - 06:00 GMT

Ministry of Tourism desperately trying to revive beleaguered sector in Egypt

The plan aims to protect the environment, in line with the strategy to achieve the green economy in the city.  (File Photo)
August 8th, 2016 - 05:00 GMT

36 additional bridges and roads in store for Dubai

The world’s leading suppliers of event technology will partake in the region’s specialist industry trade show later this year. (File Photo)
August 8th, 2016 - 04:00 GMT

AV and entertainment market boosted by ME key sectors

The growth in Saudi's oil sector is driven mainly by record oil production that remained above the 10 million bpd level throughout 2016.(File Photo)
August 7th, 2016 - 04:16 GMT

Saudi oil sector increases by 5.1 percent

The decline in UAE oil prices is expected to be taking a toll on consumer sentiment. (File Photo)
August 7th, 2016 - 02:00 GMT

Decreasing confidence in Middle East market

The international smart building market is expected to touch $36.3 billion by 2020. (Trade Arabia)
August 7th, 2016 - 01:00 GMT

UAE leading Gulf state in smart building solutions

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