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JD Vance in Switzerland
June 21st, 2026 - 11:58 GMT
P. Choiaqo

P. Choiaqo

JD Vance says 16 million barrels of oil flowed through Hormuz in 24 hours

ALBAWABA - It seems that the MOU signed between the U.S. and Iran is slowly becoming reality as oil flows through Hormuz despite Iranian claims of the strait being shut down. On Wednesday, Iran and the U.S. signed a 14-point memorandum of understanding (MOU) with one of its points allowing the free flow of oil without restrictions and blockades from both sides. However, as Israel continues its attacks on Lebanon ...
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Al Bawaba
November 5th, 2014 - 11:00 GMT

Development at its finest: Egypt allocates 20 free slots of land to Carrefour

“The budget of the Kingdom of Saudi Arabia depends 90 per cent on oil … I’ve already said that this is a huge mistake,” said the prince.
November 5th, 2014 - 09:09 GMT

He's worried, rightfully so: Al-Waleed Bin Talal asks his country to stop 'huge mistake' and establish sovereign wealth fund

The bluetooth technology would also have practical applications across the hotel experience including gym and elevators.
November 5th, 2014 - 08:57 GMT

Soon, smartphones will replace keycards to access hotel rooms

Officials are optimistic that Made in Makkah products will be available for sale over the next 12 months.
November 5th, 2014 - 07:44 GMT

How about sticking to religious? Saudi Arabia wants to turn into Mecca into 'manufacturing hub'

The swap agreement is valid for three years and may be extended by mutual consent.
November 5th, 2014 - 02:06 GMT

It's all about gas? Qatar, China agree on $6 billion currency swap

Al Bawaba
November 5th, 2014 - 01:49 GMT

Al-Kharafi wins $4.8 billion bid to upgrade Kuwait's 'matchbox' airport

About 20,000 civil servants in the Gaza Strip went on strike Tuesday to protest the Palestinian unity government's refusal to pay military and security employees of Hamas.
November 5th, 2014 - 04:55 GMT

Long overdue wages: Gaza's civil servants go on strike

Between 2004 and 2013, the volume of trade increased by 21%, edging up from $41m to $165m.
November 5th, 2014 - 04:55 GMT

What dam debacle? Egypt, Ethiopia sign five economic agreements

 The initial public offering by the NCB, which was hoping to raise $6 billion, is one of the largest in the world this year and the biggest in the kingdom's history.
November 4th, 2014 - 05:29 GMT

Sixteen times oversubscribed: Saudi Arabia's 'mother of all IPO's' comes to an end

Kufpec Chief Executive Officer Nawaf Saud Al-Nasir said in a statement Saturday the deal came “as a result of the recently enacted energy reform in Mexico.
November 4th, 2014 - 05:08 GMT

(Un)expected diversification: Kuwaiti company invests in Mexico's energy sector

Between 1980 and 2013, Saudi Arabia’s life expectancy at birth increased by 12.5 years
November 4th, 2014 - 04:55 GMT

A qualitative leap? Saudi Arabia education rating goes higher than global average

UAE firms saw output growth accelerate to an all-time high, with the subindex coming in at 66.1, up from 63.2 in September.
November 4th, 2014 - 02:05 GMT

Happy National Day, indeed! UAE business activity at all-time high

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