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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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Essential food items and daily necessities will be VAT-exempt. (File photo)
April 17th, 2016 - 11:00 GMT

VAT in GCC: Inflation could drive up costs of doing business

Aon's Terrorism and Political Violence Map shows a rise in political violence and terrorism risks for the first time since 2013. (File photo)
April 17th, 2016 - 10:00 GMT

Which GCC countries are most at risk of a coup d'état?

Idaho State University. (Twitter)
April 17th, 2016 - 08:53 GMT

Saudi temporarily suspends Idaho scholarships in wake of harassment reports

Kuwait is introducing a new payroll scheme for all public employees and wants to include the country’s 20,000 oil workers. (File photo)
April 17th, 2016 - 08:39 GMT

Kuwait's ministry takes 'preventative measures' as oil workers strike

Reporters were allegedly prevented from taking photographs but many surfaced on social media. (AFP/Str)
April 17th, 2016 - 07:59 GMT

Egypt faces media blackout over Red Sea Islands protests

Iran has repeatedly rejected any limits on output before it production reaches pre-sanctions levels. (Shutterstock)
April 17th, 2016 - 04:13 GMT

Oil producers gather in Doha amid low expectations

Saudi Oil Minister Ali Al-Naimi. (Twitter)
April 14th, 2016 - 12:00 GMT

Saudi Arabia nixes talk of oil production cuts ahead of Doha meeting

Narcotics seized from two vehicles entering Jordan from Syria last month.  (Photo courtesy of Jordan Armed Forces-Arab Army)
April 14th, 2016 - 11:00 GMT

Raids on the up as Jordan combats drug smuggling

Five state-owned companies will be affected by the strike. (AFP/Yasser al-Zayyat)
April 14th, 2016 - 09:00 GMT

Kuwaiti oil union leader denies strike negotiations are underway

Oman agents say that  investors with big money want to see a clear framework of buying, responsibilities and obligations which has not yet done. (Constructionweekonline.com)
April 14th, 2016 - 08:00 GMT

Oman's real estate agents appeal for framework to boost expat property sales

KRG Interior Minister says that Peshmerga fighters have not been paid for three months. (AFP/File)
April 14th, 2016 - 07:00 GMT

KRG running monthly deficit of $100M to fight Daesh

Aab opened a haute-couture high street store in East London in 2015. (Aabcollection.com)
April 14th, 2016 - 06:00 GMT

Global Muslim lifestyle market worth $1.7 trillion

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