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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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Emirates is the world’s largest operator of Airbus A380s. (Emirates)
May 10th, 2016 - 06:00 GMT

UK's Investec Bank seals $1B finance deal for Emirates Airbus A380s

A large number of approvals are needed to hire a teacher, and the process is time consuming. (Times of Oman)
May 10th, 2016 - 05:00 GMT

Oman: Expat visa delays prompt teacher shortage

The Hatrurim oil reservoir covers 94 square kilometers of the Dead Sea area. (Vimeo)
May 9th, 2016 - 12:00 GMT

Dead Sea oil find in Hatrurim field 'entirely within Israel' says energy firm

The US report considers the proliferation of counterfeit pharmaceuticals that are manufactured, sold and distributed in Lebanon a continuing concern. (Pixabay)
May 9th, 2016 - 11:00 GMT

Egypt, Lebanon, Kuwait on US 'priority watch' list for copyright violations

The World Bank aims to end routine gas flaring at oil production sites around the world by 2030. (Shutterstock)
May 9th, 2016 - 10:00 GMT

Iran wastes $3.5B a year in natural gas flaring

The company has completed the formalities to transfer residence permits of more than 15,000 workers allowing them to join other companies. (File photo)
May 9th, 2016 - 09:00 GMT

Saudi's Binladin Group to pay delayed salaries of 10,000 workers by end May

The department's Building Classification System, or BCS, has so far enabled the surveying of 20,000 plots of land, and more than 120,000 units including apartments, offices, retail, schools and public amenities. (File photo)
May 9th, 2016 - 08:00 GMT

Star-powered: Dubai unveils new building ratings system

Khalid Al-Falih had a 25 year career with Saudi Aramco, including six years as its CEO.  (AFP/Fayez Nureldine)
May 9th, 2016 - 07:00 GMT

Same old: New Saudi oil minister to maintain current policies

The Etihad Aviation Group now employs more than 27,000 people. (File photo)
May 9th, 2016 - 06:00 GMT

Etihad Airways unveils new management structure

Jeddah Port, Saudi Arabia. (Wikipedia)
May 9th, 2016 - 05:00 GMT

Jordan, Saudi mull new Aqaba-Jeddah shipping route

Negotiations have focused on various measures and legal procedures aimed at preventing Ethiopia from reducing Egypt's share of Nile water.  (AFP/Lloyd-George)
May 9th, 2016 - 04:08 GMT

Will the Renaissance Dam be completed before tripartite consensus is reached?

Banque Misr is one of the top five banks in terms of assets’ size. (File photo)
May 8th, 2016 - 12:00 GMT

Egypt: Majority of banking assets held by five banks

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