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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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Jordan has set ambitious targets for the development of domestic shale, renewable energy and nuclear power. (Shutterstock)
June 6th, 2016 - 10:00 GMT

Power play: Jordan revs up on renewables

The new comprehensive and amended act will contribute to combatting money laundering and terrorist financing in addressing legislative shortcomings,. (Shutterstock)
June 6th, 2016 - 09:00 GMT

Oman gets tough on terror funding and money laundering

London's financial district featuring the neo-futuristic skyscraper known affectionately as the Gherkin. (Shutterstock)
June 6th, 2016 - 08:00 GMT

Gulf investors delay property deal decisions over Brexit fears

The announcement coincides with the visit of Indian Prime Minister Nardendra Modi to Qatar this week. (Pixabay)
June 6th, 2016 - 06:00 GMT

Qatar’s Al Sawari Holding enters Indian hotel market with deal near Taj Mahal

According to Muscat Municipality, the Central Vegetable Market in Mawaleh has received over 28,000 tonnes of fruits and vegetables to meet the needs of domestic consumers during Ramadan. (Times of Oman/Jun Estrada)
June 6th, 2016 - 05:00 GMT

Oman's fruit and vegetable prices skyrocket for Ramadan

This is Sheikh Hasina’s first visit to Saudi Arabia since King Salman was crowned king and head of government. (SPA)
June 6th, 2016 - 04:16 GMT

Bangladesh to send 500,000 workers to Saudi over two years

Bankers estimate that the value of the acquisition of HSBC Lebanon will range between $90 million to $100 million. (Facebook)
June 5th, 2016 - 11:00 GMT

HSBC Lebanon acquisition delayed by staff negotiations

Mums@Work is a venture that has spotted a gap in the UAE market for short term employment opportunities for women returning to work or accompanying expat spouses. (File photo)
June 5th, 2016 - 10:00 GMT

UAE employers eye part-timers in squeezed economy

Qatar Airways have always denied the allegations against them as have Emirates and Etihad Airways, the Gulf’s two other carriers the US airlines want blocked. (File photo)
June 5th, 2016 - 09:00 GMT

Qatar Airways pushes through with US expansion despite ongoing row

The French economist's bestseller 'Capital in the Twenty First Century' was awarded the Financial Times and Mckinsey’s 2014 Business Book of the Year Award. (EcoPolitica.org)
June 5th, 2016 - 08:00 GMT

Lack of transparency about income and wealth in MENA allows for bad policies: PIketty

Dubai is focussing heavily on developing its renewable energy capabilities, specifically in solar power.  (File photo)
June 5th, 2016 - 06:00 GMT

Dubai to build world's largest concentrated solar power project

International carriers can stop selling tickets in Egypt, only selling through their websites where people pay with a  foreign exchange credit card, but this would reduce traffic. (File photo)
June 5th, 2016 - 05:00 GMT

Egypt's failure to pay airlines $291M puts country on 'a slippery slope': IATA

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