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Oil flows shift as Trump raises Hormuz concerns
April 10th, 2026 - 12:05 GMT
Osama Ali

Osama Ali

Oil flows shift as Trump raises Hormuz concerns

ALBAWABA - As rising tensions continue to disrupt international energy markets, U.S. President Donald Trump has cautioned Iran against charging tolls to ships traveling through the Strait of Hormuz. The alert comes after rumors that Tehran would impose fees on oil tankers passing through the vital canal, which could put more pressure on already precarious supply routes. Global oil prices have sharply increased as a result of the ongoing turmoil ...
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Singapore's Raffles Hotel, the flagship of FRHI Hotels & Resorts. (Wikipedia)
July 14th, 2016 - 10:00 GMT

AccorHotels eyes MidEast luxury market after FRHI acquisition

The reservoir of King Talal Dam is the largest reservoir in Jordan, storing freshwater and treated wastewater for irrigation in the Jordan Valley. (Wikipedia)
July 14th, 2016 - 09:00 GMT

Jordan launches $13M project to combat effects of climate change

Strata is an advanced composite aero-structures manufacturing company and a unit of Mubadala. (Wikimedia Commons)
July 14th, 2016 - 08:00 GMT

Mubadala's Strata Manufacturing lands billion-dollar Airbus contracts

Saudi Arabia will allow imports of beef and beef products from US cattle less than 30 months of age, with the policy expanded after a phase-in period. (Shutterstock)
July 14th, 2016 - 07:00 GMT

US beef with Saudi Arabia: Imports to resume after 2011 ban

Egyptair's Boeing 737-800. (Wikimedia Commons)
July 14th, 2016 - 06:00 GMT

EgyptAir orders nine Boeing aircraft worth $864M

Kuwait is looking into offering 20 to 30 percent of the four subsidiaries’ stocks for public subscription, keeping the majority of stock in government lock. (Shutterstock)
July 14th, 2016 - 04:54 GMT

Kuwait mulls partial privatization of its oil industry

In the absence of reliable market data, developers are continuing to build despite a seemingly saturated market. (Promofair/Dream 2016)
July 13th, 2016 - 12:00 GMT

Lebanese real estate developers shrug off market downturn with new projects

In January, Gulf Air announced orders for 45 aircraft in total with deliveries commencing from Q2 2018. (AFP/File)
July 13th, 2016 - 11:00 GMT

Bahrain's Gulf Air awards $900M contract to Rolls-Royce for Dreamliner engines

In September 2015, 107 people were killed and more than 200 injured when a crane belonging to the Saudi Binladin Group collapsed onto the Grand Mosque in Mecca. (AFP/File)
July 13th, 2016 - 10:00 GMT

Date of Mecca crane collapse trial to be announced shortly

Because of Brexit, GCC banks which are looking for alternative sources of funding to compensate lower government deposits are unlikely to receive new external funding from the UK. (Shutterstock)
July 13th, 2016 - 09:00 GMT

Brexit impact on GCC sovereigns will be minimal: Moody's

Overall, crude oil prices remain suppressed after breaching the $50 threshold earlier this year. (Shutterstock)
July 13th, 2016 - 08:00 GMT

Oil prices rise with release of OPEC report, but short term pressures remain

The developers hope to involve some of the 250,000 Filipinos currently living and working in Qatar to take part in the project. (MetroCebu.ph)
July 13th, 2016 - 07:00 GMT

First Filipino hospital to be established in Qatar

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