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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 Act that was passed in the US is an U.S. act whose implementation is required throughout the world and in Lebanon, said Central Bank Governor Riad Salameh. (The Daily Star)
May 19th, 2016 - 12:00 GMT

Lebanon's failure to comply with US anti-terrorism funding laws will isolate banks: Salameh

Jordan Atomic Energy Commission chairman insists that the nuclear program is vital to ensure diversity in the energy mix in the Kingdom, which has been dependent on imported fuel. (File photo)
May 19th, 2016 - 11:00 GMT

Jordan seeks funding for nuclear energy program expansion

Korean cars topped sales in the second-hand market, acquiring 50% of sales, followed by Japanese cars with 30% of sales. (Shutterstock)
May 19th, 2016 - 10:00 GMT

Egypt's foreign currency crisis drives second-hand car prices up 50 percent

Adjustments to the regulation last month made obtaining a holiday home licence easier for property owners and allowed renters to apply for short-term permits to host guests with the agreement of their landlord. (File photo)
May 19th, 2016 - 09:00 GMT

Airbnb signs 'responsible hosting' agreement with Dubai Tourism

Jordan's energy minister said that the project would create the necessary infrastructure for the interconnection with Saudi Arabia. (File photo)
May 19th, 2016 - 08:00 GMT

Electrifying: Jordan to link to GCC grid via Saudi Arabia

The Dutch company Shell acquired all assets and concessions of BG in February 2016.  (Shell)
May 19th, 2016 - 07:00 GMT

Egypt: Shell and British Gas to receive $400M of $3.2B dues in June

The compromise is aimed at creating a regulatory environment that encourages investments. (File photo)
May 19th, 2016 - 05:30 GMT

Leviathan gas development: Noble Energy, Delek accept compromise on regulatory clause

The sovereign action reflects the ongoing negative impact of lower oil prices on Saudi’s fiscal position 
and economic strength. (Argaam)
May 19th, 2016 - 05:00 GMT

Moody's downgrades nine Saudi banks

 Prince Alwaleed Bin Talal met with founder of Bloomberg and former Mayor of New York Michael Bloomberg.  (Kingdom Holding Company)
May 19th, 2016 - 04:00 GMT

Prince Al Waleed Bin Talal's Alarab news channel strikes new deal with Bloomberg

Reducing unemployment rates is not the responsibility of the ministry alone, citing that the number of university graduates in Jordan is on the rise and some majors do not meet the needs of labour market  (Mutualresponsibility.org)
May 18th, 2016 - 12:00 GMT

Jordan's unemployment rate at highest level in eight years: report

Al Bawaba
May 18th, 2016 - 10:00 GMT

US Treasury reveals $116.8B of Saudi holdings

The bank will offer financial, investment and advisory services to the Palestinian diaspora living in the Gulf region and beyond. (Bank of Palestine)
May 18th, 2016 - 09:04 GMT

Bank of Palestine makes its first foray into international operations in Dubai

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