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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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Oman wants to replicate the success of waterparks in its neighbouring countries. (Shutterstock/Olga Vasilyeva)
June 21st, 2016 - 10:00 GMT

Oman to make a splash with plans for new waterpark in Muscat

Mohammad Al-Mojil Group is one of the largest of Saudi Arabia's construction companies. (Arab News)
June 21st, 2016 - 09:00 GMT

Saudi contractor MMG's entire board resigns after jail sentences, fines

The AfDB is set to loan Egypt a total of $1.5 billion over the course of three years.   (F. Dubessy)
June 21st, 2016 - 08:00 GMT

Egypt appeals to African Development Bank to release $500M loan

A roller coaster at Six Flags Magic Mountain, California. (Go California)
June 21st, 2016 - 07:00 GMT

Six Flags over Saudi: US company announces theme park partnership

The Dubai World Central will host Dubai’s future mega airport Al Maktoum International and Expo 2020. (Skyscraper City)
June 21st, 2016 - 06:00 GMT

UAE approves land ownership for foreigners in Dubai World Central

Al Bawaba
June 21st, 2016 - 05:00 GMT

Hundreds of workers face serious salary delays in Oman

Egypt's telecoms regulator has approached three companies that currently offer mobile services in Egypt about applying to buy 4G licences but did not give details or prices. (Itp.net)
June 20th, 2016 - 12:00 GMT

Orange Egypt mulls $400M 4G license offer

Rumaila, one of the world's largest oil fields, began production in 1954. (Iraqenergy.org)
June 20th, 2016 - 11:00 GMT

Amec Foster Wheeler lands BP Iraq oil field contract

The Very Large Crude Carrier (VLCC) MV Sirius Star which was captured by Somali pirates in 2008 en route from Saudi Arabia to the United States via the Cape of Good Hope. (Wikipedia)
June 20th, 2016 - 10:00 GMT

Egypt charging oil tankers $155,000 to transit through Suez Canal

Viagra manufacturer Pfizer is one of the world's largest pharmaceutical companies. (AFP/File)
June 20th, 2016 - 08:00 GMT

Saudi Arabia to grant 3M, Pfizer operating licenses, mulls Apple entry

Milaha said it expects the deal to be completed in Q4 2016. (File photo)
June 20th, 2016 - 07:00 GMT

Qatar Navigation's Milaha to buy stake in Al Shaheen Energy Services

A potential combination of NBAD-FGB is expected to create the second largest bank in the Middle East after Qatar National Bank. (File photo)
June 20th, 2016 - 05:00 GMT

UAE: Proposed NBAD-FGB merger would create regional banking giant

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