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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 contract comes as crude oil prices are holding steady in the $50 per barrel range, after plummeting below $30 per barrel early this year. (Shutterstock)
July 10th, 2016 - 01:00 GMT

Singapore's Swiber Holdings wins $215M pipeline project contract in Qatar

The shockwaves of the Brexit vote have extended worldwide and the fallout will affect the air transport industry, from both economic and regulatory perspective. (Emirates)
July 10th, 2016 - 12:00 GMT

Middle East airlines register strongest traffic growth globally this year: IATA

Solar energy technologies have not been adopted in the past because of their relatively high cost, but trends are changing. (Shutterstock)
July 10th, 2016 - 11:30 GMT

Solar energy could meet 20 percent of Qatar's power needs by 2030

Saudi Deputy Crown Prince Mohammad bin Salman Al Saud visits the aircraft carrier USS Theodore Roosevelt in July 2015. (US Navy)
July 10th, 2016 - 08:59 GMT

Booz Allen Hamilton inks $12M contract for Saudi Navy support services

Tourism revenues dropped by 40 percent to $3.3 billion from $5.5 billion during July-March compared to the previous year, according to the CBE. (File photo)
July 10th, 2016 - 08:12 GMT

Egypt’s balance of payments deficit skyrockets 260 percent

Further delays in passing the decrees two decrees could jeopardize the chances of Lebanon drilling for gas in the coming few years. (File photo)
July 10th, 2016 - 06:00 GMT

Lebanon to offer ten offshore oil blocks up for international bids

Abu Dhabi's Global Market Square on Al Maryah Island, Abu Dhabi's new financial district. (CTBUH.org)
July 10th, 2016 - 04:58 GMT

Abu Dhabi Global Market announces new financial partnership with Paris Europlace

US President Obama is expected to block the latest measure by the Congress. (File photo)
July 10th, 2016 - 04:11 GMT

New US legislation threatens Iran's Boeing deal

After the war, BP and Shell won big contracts to develop oil fields in the south of Iraq, (AFP/Dan Kitwood)
July 8th, 2016 - 05:54 GMT

Chilcot report: UK oil companies were 'well placed' to reap contracts after Iraq invasion

Kempinski Summerland Hotel & Resort also includes residential apartments that are separate from the hotel and resort. (Summerland)
July 5th, 2016 - 11:00 GMT

Lebanon's $500M Summerland Hotel set to reopen after years of renovation

Coca Cola's social responsibility program looks to help develop 60 more villages before 2020. (Coca Cola)
July 5th, 2016 - 10:00 GMT

Coca Cola plans $500M investment in Egypt market

The transfer of funds to Gaza banks will be carried out with Israel's security considerations in mind, according to the agreement.  (AFP/Mohamed Abed)
July 5th, 2016 - 09:00 GMT

Israel to allow Gaza banks to receive transfers via Turkey

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