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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 investment will capitalise on Dubai’s growing logistics market and will offer premium warehousing facilities to tenants. (Twitter)
April 19th, 2016 - 06:00 GMT

Bahrain's Arcapita acquires Dubai logistics park for $100M

Contingency plans have been put into place to operate oil installations during the strike. (AFP/Yasser Al-Zayyat)
April 19th, 2016 - 05:00 GMT

Kuwait to take legal action against striking oil workers

Morgan Stanley said that the failed deal "underscores the poor state of OPEC relations." (AFP/File)
April 19th, 2016 - 04:20 GMT

Collapsed Doha oil talks: After Iran's snub, what happens now?

At last year's Paris Air Show, Saudia ordered 50 passenger planes from Airbus worth some $8B. (Argaam)
April 18th, 2016 - 12:04 GMT

Saudi Arabian Airlines launches budget carrier

Egyptian President Abdel Fattah al-Sisi (R) and his French counterpart Francois Hollande hold a press conference at the al-Qubaa palace in Cairo on April 17, 2016. (AFP/Khaled Desouki)
April 18th, 2016 - 11:00 GMT

Egypt, France sign $2.4B in deals as Cairo protests continue

The first Air France airliner arrives at the Imam Khomeini International airport in the Iranian capital Tehran on April 17, 2016. (AFP/Atta Kenare)
April 18th, 2016 - 10:00 GMT

First Air France flight in eight years lands in Tehran

The Line 6 project will boost its production by 540,000 tonnes per annum (tpa), bringing its total production capacity to 1.5 million tpa. (Image courtesy of Trade Arabia)
April 18th, 2016 - 08:00 GMT

Bechtel wins $3.5B contract for Aluminium Bahrain expansion

Daesh has introduced new taxes including tolls for truck drivers, fees for anyone installing new or repairing broken satellite dishes, and 'exit fees' for anyone trying to leave a city.  (AFP/File)
April 18th, 2016 - 07:00 GMT

Daesh income drops by 30 percent: IHS report

Failure to clinch the freeze deal can weaken prospects for recovery of oil prices that have fallen by up to 70 per cent since their peak in mid-2014. (File photo)
April 18th, 2016 - 04:05 GMT

Doomed from the start? Oil production talks in Doha fail to strike deal

Lebanese Prime Minister Tamam Salam (R) and French President Francois Hollande shake hands as they give a joint statement following their meeting in Beirut on April 16, 2016. (AFP/Stephane de Sakutin)
April 17th, 2016 - 12:22 GMT

Lebanon appeals to Hollande to help resolve maritime border dispute with Israel

The North African country has repeatedly delayed a return to international debt markets after selling its first international bond in five years last June. (File photo)
April 17th, 2016 - 12:00 GMT

Egypt's international bond issue delayed

The conference also assessed the necessary steps required for takaful players to build the industry's financial strength. (File photo)
April 17th, 2016 - 11:37 GMT

Sharia-compliant insurance can be marketed to non-Muslims: Takaful conference

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