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JD Vance in Switzerland

June 21st, 2026 - 11:58 GMT

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 ...

Kuwaiti logistics firm Agility said on Monday that a wholly owned unit had won an $82.5 million contract from Britain’s Ministry of Defence.

October 13th, 2014 - 12:16 GMT

Kuwait's agility wins British military contract

Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC’s biggest producer have told Reuters.

October 13th, 2014 - 11:59 GMT

The $100 dollar days seem to be over: oil prices plummet to 4-year low and not even Saudi Arabia can do anything about it

In August, the capital market rose to the 9,000 points for the first time since 2008.

October 13th, 2014 - 03:55 GMT

Shedding the pounds: Egypt's stock market loses almost $2 billion

The pull back then snowballed due to panic selling and, possibly, margin calls, according to market players.

October 12th, 2014 - 11:55 GMT

The snowball effect: Saudi, UAE stock markets tumble after global sell-off

The expected visit will also involve forming a joint expert group from the four countries.

October 12th, 2014 - 11:36 GMT

What's their secret? Notable increase in Egyptian exports to Russia

The consortium is led by Faiz Al-Abideen, a prominent Saudi businessman and adviser to members of the royal family, whose group has built 17 power plants in Saudi Arabia and abroad.

October 12th, 2014 - 10:44 GMT

Saudi Group joins consortium for in $4.5 billion Indian project

Al Bawaba

October 12th, 2014 - 03:55 GMT

A leap forward: Bahrain installs hi-tech passenger boarding bridges

The government was “taking a diverse” approach to funding the infrastructure demands of Expo 2020 but declined to state specific details.

October 12th, 2014 - 03:55 GMT

The impending bonanza: Expo 2020 tenders to be issued in 2015

The programs for tackling unemployment have contributed to creating a parallel crisis in the labor market and disrupting the market.

October 12th, 2014 - 03:55 GMT

What's Saudization going to take? 30,000 jobs a year

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger, it added.

October 10th, 2014 - 12:15 GMT

World Cup bonanza: Qatar infrastructure market to hit $30 billion for very first time

It was the sixth consecutive slip in the index, which FAO said was the longest period of continuous falls since the late 1990s.

October 9th, 2014 - 11:39 GMT

Time to appreciate the appreciating US dollar? World food prices dip to 4 year-low

The city, located 3 km to the west of the Prophet’s Mosque in Madinah, will cover an area of over 1.6 million sq m and accommodate 200,000 people.

October 9th, 2014 - 02:02 GMT

Redefining religious experiences: King Abdullah approves $13bn pilgrim megacity in Madinah