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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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The smart city will be completely sustainable and provide about 200 megawatts of electricity using photovoltaic roofs on homes and other premises.  (Photo courtesy of Gulf Business)
July 20th, 2016 - 07:30 GMT

Petal power: Dubai to build eco-friendly Desert Rose City

The B/Attitude Spa in Dubai. (Buddha Bar)
July 20th, 2016 - 06:30 GMT

UAE leads MENA's $3B spa market growth

The Central Bank of Jordan said that banks can invest up to 10 percent of their capital. (File photo)
July 20th, 2016 - 05:30 GMT

Jordan's banks buy into national investment fund


The project is divided into several phases and Empower will produce 30,000 RT by the fourth quarter of this year. (Nooz.com)
July 20th, 2016 - 04:44 GMT

Just chill: Nakheel awards $490M contract to Empower for Dubai cooling plants

Egypt’s President Abdel-Fattah El-Sisi, far left, with African heads of state at the AU summit in Kigali, Rwanda. (AFP/Cyril Ndegeya)
July 19th, 2016 - 12:00 GMT

Nile dam talks advance at African Union Summit, but not as quickly as construction

The group has been beset by financial and legal difficulties due to the crane accident, government cuts and a fall in oil prices. (File photo)
July 19th, 2016 - 11:00 GMT

Binladin Group requests extension on $217.8M loan repayment

Iran has courted potential European and Asian trading partners as sanctions pressures ease. (File photo)
July 19th, 2016 - 10:00 GMT

Despite business hurdles, Iran lines up potential oil and gas players

Egypt's attempts to revive the tourism sector were dealt another blow in May when the Airbus A320 crashed into the Mediterranean, killing all 66 people on board. (File photo)
July 19th, 2016 - 09:00 GMT

Egypt airport security: British delegation returns for inspections

The joint fleet would also include six Ultra Large Container Vessels.  (UASC.net)
July 19th, 2016 - 08:00 GMT

Hapag-Lloyd, United Arab Shipping Company merger creates world's fifth-largest container firm

Ras Laffan Industrial City, located 80 km north of Doha is Qatar's main site for production of liquefied natural gas and gas-to-liquid.  (IMGwide.com)
July 19th, 2016 - 07:00 GMT

Qatar awards gas engineering consultancy to Canada's SNC-Lavalin

Bank Asya is a participation bank allegedly affiliated with US based cleric Fetullah Gulen, whom Turkish authorities accuse of plotting the failed 16 July coup attempt. (AFP/Adem Altan)
July 19th, 2016 - 06:00 GMT

Turkish Islamic lender Bank Asya suspended

More than six years have passed since the ratification of the Offshore Petroleum Resources Law. (Shutterstock)
July 19th, 2016 - 05:00 GMT

Back to spats over Lebanon's oil and gas exploration

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