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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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France is Saudi Arabia's third largest trading partner. (AFP/Stephane de Sakutin)
June 28th, 2016 - 07:00 GMT

Major trade deals expected during Saudi Deputy Crown Prince's visit to France

Dubai is aiming to generate 7 percent of its total power from clean energy sources in the next four years, 25 percent by 2030 and 75 per cent by 2050. (File photo)
June 28th, 2016 - 06:00 GMT

Masdar seeks $800M loan for third phase of Dubai solar park

The world's top liquefied natural gas exporter is one of the richest countries per capita but it faces a $12.8 billion budget deficit this year because of the continued lower oil and gas prices. (File photo)
June 28th, 2016 - 05:00 GMT

Qatar's foreign trade surplus slashed in half in May

The entertainment complex will be developed by the state-run Aqaba Development Corporation. (File photo)
June 28th, 2016 - 04:44 GMT

Jordan to open new entertainment complex in Aqaba

Over the past ten years, Jordan has witnessed a rising demand on electricity that ranged between 5-7 percent annually.
June 27th, 2016 - 12:00 GMT

Jordan, Saudi Arabia to cooperate on nuclear energy

Agricultural products, chemical engineering products, furniture, and garments are some of the most important Egyptian exports to Britain. (Shutterstock)
June 27th, 2016 - 11:00 GMT

Egypt's exporters fear loss of tax-free perks after Brexit

Vice has hired an “independent management team” to adapt content to the region’s sensitivities and tailor programming to local markets.
June 27th, 2016 - 09:00 GMT

Vice Media announces Middle East expansion

Investors expect turbulence in the markets at least until Britain elects a new Prime Minister. (File photo)
June 27th, 2016 - 08:00 GMT

Gulf stocks plunge amid Brexit uncertainty

Deputy Crown Prince Muhammad Bin Salman and Bill Gates. (SPA)
June 27th, 2016 - 07:00 GMT

Saudi Deputy Crown Prince wraps up US visit with Bill Gates, MiSK Foundation deal

US company Noble Energy currently owns 36 percent of the rights in the Tamar gas reservoir. (File photo)
June 27th, 2016 - 06:00 GMT

Harel seeks purchase of Noble Energy stakes in Tamar gas reservoir

Lebanon's imports from Britain stand at only $600 million a year while exports to the country are valued at $40 million. (LinkedIn)
June 27th, 2016 - 05:00 GMT

Lebanon expects Brexit benefits in EU import bills

Emaar Properties chairman Mohamed Alabaar at the opening of Dynergy Technologies' state-of-the-art switchboard manufacturing plant in TechnoPark, Dubai in 2010. (World Property Journal)
June 27th, 2016 - 04:23 GMT

Dubai's new industrial strategy targets $43.5B additional income by 2030

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