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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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The size of Islamic finance assets in Turkey has reached 120 billion Turkish liras ($40 billion). (Shutterstock)
May 12th, 2016 - 05:00 GMT

Turkey partners with Islamic Development Bank to host 'Islamic megabank'

The new city  is set to house 25,000 residential units. (Shutterstock)
May 11th, 2016 - 02:00 GMT

Kuwait signs $4B deal with South Korea to build new smart city

Around 170,000 German tourists visited Egypt in the first quarter of 2016, mainly frequenting the popular Red Sea beach resorts of Sharm and Hurghada. (Wikipedia)
May 11th, 2016 - 01:00 GMT

Germany lifts ban on flights to Sharm El-Sheikh

The response to the bond issue is being viewed as a vote of confidence for the emirate. (File photo)
May 11th, 2016 - 12:00 GMT

Investors rush to Abu Dhabi's $5B bond issue

In 2013, Majid Al Futtaim signed a joint venture agreement with Abercrombie for stores in the UAE and Qatar.  (Abercrombie)
May 11th, 2016 - 11:00 GMT

Majid Al Futtaim eyes Gulf expansion for Abercrombie & Fitch franchise

Bouygues Travaux Publics already completed, as part of a Franco-Egyptian consortium, lines 1 and 2 of the Cairo Metro network.  (Bouygues)
May 11th, 2016 - 10:00 GMT

Egypt: Orascom Construction wins $308M tender for Cairo Metro project

The tube-launched, optically-tracked, wireless-guided (TOW®) Weapon System is the premier long-range, heavy assault-precision anti-armor, anti-fortification and anti-amphibious landing weapon system used throughout the world today. (Wikimedia Commons)
May 11th, 2016 - 09:00 GMT

Jordan signs deal with US for Raytheon missile system

Saudi Arabia is expected to sell up to five percent of Aramco via an initial public offering. (Oilpro)
May 11th, 2016 - 07:52 GMT

Saudi Aramco to go global with joint ventures

The move could allow Egypt's fixed-line monopoly Telecom Egypt to enter the mobile phone services market. (File photo)
May 11th, 2016 - 05:00 GMT

Full speed ahead: Egypt to grant 4G telecoms licenses shortly

The transport committee chairman claims the sector is rejected by Saudis because of the difficulty of the work. (Shutterstock)
May 11th, 2016 - 04:18 GMT

Saudi's transport committee calls for easing Saudization requirements

Jordan's Queen Rania visits the Princess Taghreed School for Girls in Amman. (QueenRania.jo)
May 10th, 2016 - 12:00 GMT

Jordan: Umniah to link 3000 schools to integrated IT network

Egypt saw 440,700 tourists visit in March, 47.2 percent lower than the same month last year. (File photo)
May 10th, 2016 - 11:00 GMT

Egypt's tourist numbers decline for fifth consecutive month

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