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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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Listeners complained last week that the stations were off-air, with some claiming an Abu Dhabi classical music station was playing instead. (Campaign.me)
June 29th, 2016 - 06:00 GMT

UAE's Radio 1, Radio 2 pulled off air over license dispute

Fitch said it expects general government debt to rise to nearly 80 percent of GDP in 2016 from around 62 percent of GDP in 2015, well above the 'BBB' and 'BB' medians of around 40 percent. (File photo)
June 29th, 2016 - 05:00 GMT

Bahrain ratings suffer downgrade to junk status by Fitch

Passengers enter the Ataturk airport International arrival terminal a day after a suicide bombing and gun attack targeted Istanbul's airport, killing at least 36 people.   (AFP/Ozan Kose)
June 29th, 2016 - 04:23 GMT

Istanbul Airport reopens following terror attack

The output of Al-Shaheen oilfield over the last 22 years hit 1.6 billion barrels at a daily rate of 300,000 barrels which represent nearly 40 percent of Qatar's total oil output. (File photo)
June 28th, 2016 - 12:00 GMT

Qatar Petroleum, Total form new company for Al-Shaheen oilfield development

Tourists take a camel ride to visit the Bedouin village at Wahiba Sands. (Oman Tourism Ministry)
June 28th, 2016 - 11:00 GMT

Omani graduates look to tourism, hospitality as oil and gas jobs dry up: Ministry

Investcorp said it’s European team had witnessed the most active period in its 30-year history over the last 12 months, having signed four new deals and exited eight European portfolio companies. (Shutterstock)
June 28th, 2016 - 10:00 GMT

Bahrain's Investcorp adds Scandinavia's Coresec cybersecurity company to its portfolio

The chief executive of IAG’s Aer Lingus, Stephen Kavanagh, said on June 1 that the UK might have to renegotiate its air services agreements with other countries, including the EU, if it leaves. (File photo)
June 28th, 2016 - 09:00 GMT

Brexit and the airline industry: Open skies, connectivity agreements up in the air

The first phase will begin with the construction of a 3-star hotel, which is expected to be completed in the first quarter of 2019. (Oman Tribune)
June 28th, 2016 - 08:00 GMT

Oman: Al Khonji inks billion-dollar contract to develop Duqm tourism hub

France is Saudi Arabia's third largest trading partner. (AFP/Stephane de Sakutin)
June 28th, 2016 - 07:00 GMT

Major trade deals expected during Saudi Deputy Crown Prince's visit to France

Dubai is aiming to generate 7 percent of its total power from clean energy sources in the next four years, 25 percent by 2030 and 75 per cent by 2050. (File photo)
June 28th, 2016 - 06:00 GMT

Masdar seeks $800M loan for third phase of Dubai solar park

The world's top liquefied natural gas exporter is one of the richest countries per capita but it faces a $12.8 billion budget deficit this year because of the continued lower oil and gas prices. (File photo)
June 28th, 2016 - 05:00 GMT

Qatar's foreign trade surplus slashed in half in May

The entertainment complex will be developed by the state-run Aqaba Development Corporation. (File photo)
June 28th, 2016 - 04:44 GMT

Jordan to open new entertainment complex in Aqaba

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