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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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Prior to the civil war, Libya was producing more than 1 million bpd, compared to 480,000 bpd in 2014.  (Oilpro)
March 17th, 2016 - 09:00 GMT

Libyan oil production at five-year low

Both countries have suffered a decline in tourism as a result of suspended flights. (Wikimedia Commons)
March 17th, 2016 - 08:00 GMT

Egypt, Russia working to resume flights 'as soon as possible'

The campaigners stickers are now being seen at the entrance to more stores in Amman. (Facebook)
March 17th, 2016 - 07:00 GMT

Jordan's resurrected BDS campaign gains momentum

New supply of housing in Qatar has been typically oriented towards mid-high and high end properties. (Al Huda Engineering)
March 17th, 2016 - 06:00 GMT

Qatar's lack of affordable housing a prevalent issue as rental costs escalate

Moody's maintains that the local impact of funding volatility in Saudi will still be manageable due to a broad depositor base. (File photo)
March 17th, 2016 - 05:05 GMT

Bad news for Saudi's banking sector as Moody's revises outlook to negative

The Petra Development and Tourism Authority law allows foreign investment outside Petra Archaeological Park. 
(Wikimedia Commons)
March 16th, 2016 - 01:30 GMT

Jordan lawmakers rule against Petra property sales or rentals to Israelis

The Bank of Beirut is one the six Lebanese banks listed on Beirut Stock Exchange. (Allen International)
March 16th, 2016 - 12:30 GMT

Bank of Beirut plans $100M special K-share issue

Higher demand for vehicles will also drive demand for spare parts, worth $11.9B by 2020 in the GCC alone. (AFP/Fayez Nureldine)
March 16th, 2016 - 11:30 GMT

Hit the road: Saudi vehicles to reach 10 million by 2020

The Jordan Response Plan (JRP) 2016-2018 was developed with the international community and the UN, Ensour said, with $8 billion required to cover the needs of Syrian refugees over this period. (AFP/File)
March 16th, 2016 - 10:30 GMT

The effects of Syria's five year war has cost Jordan $7B: PM

The total value and volume of M&As declinined to $7.78 billion and 193 deals in 2015. (Shutterstock)
March 16th, 2016 - 09:37 GMT

MidEast M&A activity lowest in six years

The two exceptional dollar tenders indicate that the CBE wants to send a clear message to the market that it is determined to restore balance to the banking sector. (File photo)
March 16th, 2016 - 09:17 GMT

Egypt's black market battle: CBE auctions another $1.5M

The Saudi government has been looking to reduce spending after posting a budget deficit of nearly $100B last year. (Wikipedia)
March 16th, 2016 - 07:00 GMT

Saudi Arabia launches fresh austerity drive

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