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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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Bollywood Parks Dubai, Motiongate Dubai, and Legoland and Legoland Water Park are due to open in Dubai on October 31, 2016. (Shortlist Dubai)
August 14th, 2016 - 05:00 GMT

Dubai Parks and Resorts’ losses widen as expansion plans near fruition

Operation Tidal Wave II has focused specifically on supply lines tied to the illicit movement of oil said to be financing regional terrorism operations. (Twitter/KR Security Council)
August 13th, 2016 - 11:05 GMT

Senior Daesh oil commander killed by Kurdish, US forces

In September 2015, after bilateral negotiations in Tehran it was announced that the project will be operational by late 2017. (AFP/File)
August 11th, 2016 - 02:00 GMT

Oman and Iran agree to redesign gas pipeline route

The IMF says it has reached an initial agreement with Egypt for a $12 billion loan over three years. (AFP/File)
August 11th, 2016 - 12:28 GMT

Egypt obtains initial $12bn deal with IMF to cover next three years

At least seven different online visa agencies operating inside and outside Oman are using Facebook and other social media apps to sell their services – often conning unsuspecting customers out of money. (AFP/File)
August 11th, 2016 - 11:55 GMT

Exposed: Black market for counterfeit Oman visas on social media

Pilgrims line up outside the Jeddah airport in Saudi Arabia. (Shutterstock)
August 11th, 2016 - 11:00 GMT

Jeddah airport to receive 4,300 pilgrims per hour during Hajj

Contracts traded during the five-day period ending August 4 suggest the market expects WTI prices could range from $29 a barrel to $61 a barrel. (File photo)
August 11th, 2016 - 10:00 GMT

EIA estimates oil prices will stabilize in 2017

Emiratis attend a presentation about the UAE Space Agency. (File)
August 11th, 2016 - 10:00 GMT

UAE Space Agency, Lockheed Martin ‘blast off’ with professional training program

Transferring money in Lebanese banks can take weeks of frustration. (Shutterstock)
August 11th, 2016 - 06:00 GMT

Show me the money: Lebanon addresses bank transfer delay problems

An Egyptian worker drinks tea at Karnak temple in Luxor, Egypt, on June 11, 2015. (AFP/Mohamed el-Shahed)
August 11th, 2016 - 05:00 GMT

Experts predict new levels of poverty due to corruption in Upper Egypt

Kuwait is preparing a comprehensive economic program to face the challenges imposed by the drop in oil prices and to achieve a balance in the national economy via diversifying income sources and putting an end to wasting public funds. (AFP/File)
August 10th, 2016 - 02:00 GMT

Kuwaiti government hikes up fuel prices

This December 2, 2015 photo released by Qatar University shows Qataris taking pictures with Turkish President Recep Tayyip Erdogan. (AFP/File)
August 10th, 2016 - 12:45 GMT

Qatar thinks all is well in Turkey: No risks, investment to continue

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