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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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Egyptair's Boeing 737-800. (Wikimedia Commons)
July 14th, 2016 - 06:00 GMT

EgyptAir orders nine Boeing aircraft worth $864M

Kuwait is looking into offering 20 to 30 percent of the four subsidiaries’ stocks for public subscription, keeping the majority of stock in government lock. (Shutterstock)
July 14th, 2016 - 04:54 GMT

Kuwait mulls partial privatization of its oil industry

In the absence of reliable market data, developers are continuing to build despite a seemingly saturated market. (Promofair/Dream 2016)
July 13th, 2016 - 12:00 GMT

Lebanese real estate developers shrug off market downturn with new projects

In January, Gulf Air announced orders for 45 aircraft in total with deliveries commencing from Q2 2018. (AFP/File)
July 13th, 2016 - 11:00 GMT

Bahrain's Gulf Air awards $900M contract to Rolls-Royce for Dreamliner engines

In September 2015, 107 people were killed and more than 200 injured when a crane belonging to the Saudi Binladin Group collapsed onto the Grand Mosque in Mecca. (AFP/File)
July 13th, 2016 - 10:00 GMT

Date of Mecca crane collapse trial to be announced shortly

Because of Brexit, GCC banks which are looking for alternative sources of funding to compensate lower government deposits are unlikely to receive new external funding from the UK. (Shutterstock)
July 13th, 2016 - 09:00 GMT

Brexit impact on GCC sovereigns will be minimal: Moody's

Overall, crude oil prices remain suppressed after breaching the $50 threshold earlier this year. (Shutterstock)
July 13th, 2016 - 08:00 GMT

Oil prices rise with release of OPEC report, but short term pressures remain

The developers hope to involve some of the 250,000 Filipinos currently living and working in Qatar to take part in the project. (MetroCebu.ph)
July 13th, 2016 - 07:00 GMT

First Filipino hospital to be established in Qatar

Snow City cost SR100 million and has been built over 5000 square metres with an hourly capacity of 350 people.  (Khaleej Times)
July 13th, 2016 - 06:00 GMT

It'll be a winter wonderland in Riyadh all year long as Snow City set to open

Chinese-Egyptian relations have developed positively over the past period after the Chinese President visited Cairo last January, in a trip that was the first of its kind in 12 years. (File photo)
July 13th, 2016 - 05:00 GMT

Egypt inks 18 multi-sector deals with China


Beirut came in above the Cambodian city of Siem Reap, but just below the historic Italian city of Rome.  (Shutterstock)
July 12th, 2016 - 12:00 GMT

Beirut earns a place on Travel and Leisure's 'World's Best Cities' list

St Petersburg Island will be surrounded by 90 floating seahorse villas, each connected to the island via floating jetties. (THOE)
July 12th, 2016 - 10:00 GMT

Love Island, Dubai style: St Petersburg Island to be heart-shaped honeymoon resort

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