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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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TV.ae, a blend of Netflix and YouTube, will begin searching for Middle East-based content creators to write and produce short shows and films to be hosted on the site. (Akhbarak.net)
July 17th, 2016 - 09:00 GMT

New online streaming service TV.ae courts Arab talent

According to Euromonitor, the biggest challenge facing Egypt is insecurity. (File photo)
July 17th, 2016 - 08:00 GMT

Egypt's proposed pound devaluation unlikely to boost tourism: Analysts

Arabtec reported Dh46.4 million in net losses for the first quarter of 2016, and earlier reported Dh2.3 billion in net loss for the full-year 2015. (File photo)
July 17th, 2016 - 06:00 GMT

Aabar throws Arabtec another lifeline with $109M debt facility

The ministry has also set restrictions on offices recruiting workers from overseas, mandating that they submit a two-year bank guarantee of KD 40,000 ($132,358) (File photo)
July 17th, 2016 - 04:58 GMT

Too little, too late? Kuwait introduces minimum wage for domestic workers

Flight tracking website FlightAware.com so far listed 33 canceled departures for Friday and Saturday. (AFP/File)
July 16th, 2016 - 06:45 GMT

Turkey: Flights cancelled, diverted as nation reels from coup attempt

The first installment will be allocated to the areas of the relief of the displaced, education, health, and social care.  (File photo)
July 14th, 2016 - 01:00 GMT

Iraq receives first tranche of $5.3B IMF loan

The Omagine Project will have seven pearl shaped buildings, each with a different theme.  (Omantourism.gov.com)
July 14th, 2016 - 12:00 GMT

Oman's $2.5B Omagine Project targets 2024 completion

The secretary general of the UAB expects the British pound devaluation and resulting inflation following the Brexit vote to have negative implications for Arab remittances.  (Infowoman.gr)
July 14th, 2016 - 11:00 GMT

Brexit could negatively impact $560M of Arab expat remittances from UK

Singapore's Raffles Hotel, the flagship of FRHI Hotels & Resorts. (Wikipedia)
July 14th, 2016 - 10:00 GMT

AccorHotels eyes MidEast luxury market after FRHI acquisition

The reservoir of King Talal Dam is the largest reservoir in Jordan, storing freshwater and treated wastewater for irrigation in the Jordan Valley. (Wikipedia)
July 14th, 2016 - 09:00 GMT

Jordan launches $13M project to combat effects of climate change

Strata is an advanced composite aero-structures manufacturing company and a unit of Mubadala. (Wikimedia Commons)
July 14th, 2016 - 08:00 GMT

Mubadala's Strata Manufacturing lands billion-dollar Airbus contracts

Saudi Arabia will allow imports of beef and beef products from US cattle less than 30 months of age, with the policy expanded after a phase-in period. (Shutterstock)
July 14th, 2016 - 07:00 GMT

US beef with Saudi Arabia: Imports to resume after 2011 ban

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