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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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In 2013, Majid Al Futtaim signed a joint venture agreement with Abercrombie for stores in the UAE and Qatar.  (Abercrombie)
May 11th, 2016 - 11:00 GMT

Majid Al Futtaim eyes Gulf expansion for Abercrombie & Fitch franchise

Bouygues Travaux Publics already completed, as part of a Franco-Egyptian consortium, lines 1 and 2 of the Cairo Metro network.  (Bouygues)
May 11th, 2016 - 10:00 GMT

Egypt: Orascom Construction wins $308M tender for Cairo Metro project

The tube-launched, optically-tracked, wireless-guided (TOW®) Weapon System is the premier long-range, heavy assault-precision anti-armor, anti-fortification and anti-amphibious landing weapon system used throughout the world today. (Wikimedia Commons)
May 11th, 2016 - 09:00 GMT

Jordan signs deal with US for Raytheon missile system

Saudi Arabia is expected to sell up to five percent of Aramco via an initial public offering. (Oilpro)
May 11th, 2016 - 07:52 GMT

Saudi Aramco to go global with joint ventures

The move could allow Egypt's fixed-line monopoly Telecom Egypt to enter the mobile phone services market. (File photo)
May 11th, 2016 - 05:00 GMT

Full speed ahead: Egypt to grant 4G telecoms licenses shortly

The transport committee chairman claims the sector is rejected by Saudis because of the difficulty of the work. (Shutterstock)
May 11th, 2016 - 04:18 GMT

Saudi's transport committee calls for easing Saudization requirements

Jordan's Queen Rania visits the Princess Taghreed School for Girls in Amman. (QueenRania.jo)
May 10th, 2016 - 12:00 GMT

Jordan: Umniah to link 3000 schools to integrated IT network

Egypt saw 440,700 tourists visit in March, 47.2 percent lower than the same month last year. (File photo)
May 10th, 2016 - 11:00 GMT

Egypt's tourist numbers decline for fifth consecutive month

The Panama Papers, revealed last month, included the names of 12 heads of state and 143 politicians linked to offshore accounts. (panamapapers.icij.org)
May 10th, 2016 - 10:00 GMT

Panama Papers go public: Leaked documents now available online

The sale of Saudi Aramco is planned as soon as 2017 or 2018 and would in theory be five times larger than any initial public offering (IPO) in history. (File photo)
May 10th, 2016 - 09:00 GMT

Saudi Aramco plans listing in London, Hong Kong, and New York

Production of super grade petrol (M95) has significantly declined due to waning demand. (File photo)
May 10th, 2016 - 08:00 GMT

Oman pumps up the volume: 127 percent spike in output of normal grade petrol

Reductions by local lenders have totalled a combined 1,500 staff in 2016 and 2015, according to some estimates.  (Tectronicsme)
May 10th, 2016 - 07:21 GMT

Negative outlook for UAE banking as cost-cutting drive expected to continue

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