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Main headlines latest

Kaja Kallas
December 12th, 2025 - 11:13 GMT
Osama Ali

Osama Ali

EU's permanent freeze on Russian assets sets stage for new confrontation with Moscow

ALBAWABA - The European Union has agreed to freeze €210 billion in Russian assets for an indefinite period of time. Moscow called this a hostile escalation that will have "severe consequences." The move is one of the bloc's strongest economic actions since the war in Ukraine began. Kaja Kallas, the EU's foreign policy chief, said that the assets will stay frozen until Russia pays full compensation for the damage it ...
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Saudi output bounces back in June
July 16th, 2012 - 12:40 GMT

Saudi bumps up oil supplies

GCC Shares Dip
July 16th, 2012 - 11:39 GMT

GCC shares dip down

Oil Pipelines
July 16th, 2012 - 10:03 GMT

UAE starts pipeline to bypass Iran's Strait

Electricite Du Liban (EDL)
July 16th, 2012 - 07:30 GMT

Lebanon's electric company call in the heavies to deal with debtors

Iran says the programme is for peaceful energy purposes
July 15th, 2012 - 04:00 GMT

Iran threatens new oil blockade

Iran, which sits on the world's second largest reserves of both oil and gas, is facing western sanctions over its civilian nuclear program
July 15th, 2012 - 02:34 GMT

Iran strikes gas accords: consolidates deal with Asia & Europe

The project provides a vital link to the 2,200-km GGC railway scheme, which is expected to cost $15.5bn
July 15th, 2012 - 01:43 GMT

Top companies compete for billion dollar Saudi-Bahrain rail tender

Circular Number 30/2012 issued on 12 July stipulates that by 1 January 2013 lenders must hold 10 percent of their liabilities in liquid assets
July 15th, 2012 - 01:25 GMT

UAE banks sort liquidity risk management by new rules

While the global economic outlook remains highly uncertain, it looks increasingly like the oil price faces a fairly significant downward ceiling for now
July 15th, 2012 - 11:26 GMT

Real estate growth lifts Saudi stocks up

Gold
July 12th, 2012 - 01:43 GMT

Gold stays weak while dollar sails high

IEA
July 12th, 2012 - 12:39 GMT

Oil demand will reflect weak economic recovery by 2013

Saudi Arabia wins oil battle against Iran
July 12th, 2012 - 11:25 GMT

In the battle to control the oil markets, Saudi comes out on top

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