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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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Careem was founded in 2012 ex-McKinsey consultants Mudassir Sheikha and Magnus Olsson. (Careem)
July 12th, 2016 - 07:48 GMT

App-based car service Careem injects $100B into R&D

Boeing projects a demand for 39,620 new airplanes over the next 20 years, an increase of 4.1 per cent over last year's forecast. (File photo)
July 12th, 2016 - 06:00 GMT

MENA will need over 3,000 new aircraft in next 20 years to meet demand

Analysts suggest that in Saudi Arabia, the old-age dependency ratio will rise to 23 per cent in 2050 from 4 per cent in 2015. (AFP/File)
July 12th, 2016 - 05:00 GMT

'Silver Saudis' may pressure government reforms on age-related spending

As part of the campaign tourist agencies will holiday deals at competitive prices tied to flights across the country.(EgyptAir)
July 12th, 2016 - 04:05 GMT

EgyptAir launches campaign to boost domestic tourism

The Qatar Airways cargo division’s fleet is scheduled to grow by 22 aircraft by 2017. (File photo)
July 11th, 2016 - 01:00 GMT

Qatar Airways' strategy pays off: Airline announces $439M net profits for 2016

Last year, outgoing Saudi tourists spent SR24.1 billion abroad. (File photo)
July 11th, 2016 - 12:40 GMT

Saudi Arabia rakes in $14B from tourism in 2016

The Ministry of Planning is preparing the general plan of the first phase of the New El Alamein city, which will come up over a 33.6 million sq m area in the north-western coast of Egypt. (Shutterstock)
July 11th, 2016 - 12:00 GMT

Egypt plans $337M El Alamein residential city

Inspections will continue until the 100 per cent Saudisation deadline on September 2.  (Newstoday.pk)
July 11th, 2016 - 11:00 GMT

Saudi Arabia shutters over 1000 mobile phone shops over Saudization law violation

The report shows that the overall PMI is also constrained by anaemic employment gains. (Shutterstock)
July 11th, 2016 - 10:35 GMT

UAE’s non-oil private sector expands, but prepares for summer slowdown

The global banking industry currently spends $500 billion on technology. (Shutterstock)
July 11th, 2016 - 08:00 GMT

GCC banks playing catch up with financial technology

OAMC is striving to become one of the top airports in the world by 2020. (File photo)
July 11th, 2016 - 05:59 GMT

Oman airports introduce measures to address delays

The agreement includes the creation of playgrounds, purchasing equipment and furniture, building the capacities of teachers and paying their salaries.  (UNICEF)
July 11th, 2016 - 05:04 GMT

Jordan receives $39.3M UNICEF grant for education

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