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OPEC
April 28th, 2026 - 12:29 GMT
Sally Shakkour

Sally Shakkour

UAE withdraws from OPEC and OPEC+

ALBAWABA - The United Arab Emirates announced its decision to withdraw from OPEC and OPEC+, Emirates News Agency (WAM) reported Tuesday. WAM added that the Guld country's decision to exit OPEC and OPEC+ aligns with the state's long-term strategic and economic vision. The decision will be effective starting from May 1, 2026. According to experts, the withdrawal decision is expected to greatly affect the oil-exporting groups amid the ongoing Middle ...
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Indians form the largest workforce in the UAE based on nationality. (File photo)
August 15th, 2016 - 09:00 GMT

UAE introduces new initiatives to protect Indian migrant workers

Digitization will also fuel lateral job movements and a repositioning of current jobs in the financial sector.  (Shutterstock)
August 15th, 2016 - 08:00 GMT

Smart finance will fuel job creation in MENA: Booz Allen Hamilton

If Egypt's local wheat procurement numbers were misrepresented, it may have to spend more on foreign wheat purchases to meet local demand. (Shutterstock)
August 15th, 2016 - 07:00 GMT

Egypt's mega project thrown into disarray over wheat scandal

Smart Dubai has completed the first phase of its city transformation. (Shutterstock)
August 15th, 2016 - 06:00 GMT

Gitex Technology Week to shine spotlight on potential $1.6T in smart city investments

The divestment is part of Dubai Financial Group's restructuring plan. (Aswat Masriya)
August 15th, 2016 - 05:00 GMT

Dubai Financial Group sells share in Egyptian investment bank EFG Hermes

The defendants include six Saudis, two Pakistanis and one defendant each from Jordan, the Philippines, Canada, Palestine, Egypt and the UAE. (AFP/File)
August 15th, 2016 - 04:00 GMT

Mecca crane collapse case: Criminal court gives defendants 45 days to counter charges

The Labor Ministry's eventual goal will be to recruit only skilled foreign workers in various business sectors. (Shutterstock)
August 14th, 2016 - 01:14 GMT

Saudization: Labor Ministry to unveil six new projects

Saudis’ spending abroad was the highest among all the Gulf states, and topped that of all Arab countries.  (AFP/Fayez Nureldine)
August 14th, 2016 - 12:14 GMT

Saudi tourists among top 20 of highest spenders abroad

Many of the companies looking at Eni's Zohr are either already active in Egypt or have recently landed bordering acreage in Cyprus, such as Exxon Mobil and Total.  (Eni)
August 14th, 2016 - 09:00 GMT

Eni mulls sale of 20 percent stake in Egypt's giant Zohr gas field

(Flickr/Fabio Achilli)
August 14th, 2016 - 08:00 GMT

Catch that cab: Dubai to add 2000 taxis to fleet over next five years

The riyal’s exchange rate  is currently at 3.75 against the U.S. dollar according to the Central Bank's website. (File photo)
August 14th, 2016 - 07:00 GMT

Saudi Arabia reaffirms commitment to dollar peg

Austerity measures were inevitable with or without the IMF loan. (File photo)
August 14th, 2016 - 06:00 GMT

Egypt's $12B IMF loan: Long-term benefits disputed

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