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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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4,000 additional units, due for delivery at the end of the year, will bring some respite to the housing shortage in Abu Dhabi.  (Shutterstock/alex7370)
April 12th, 2016 - 10:57 GMT

Shortfall in competed homes weigh heavily on Abu Dhabi property market

Financing projects is problematic as credit worthiness in the Mena region has deteriorated over the past six months> (File photo)
April 12th, 2016 - 10:42 GMT

MENA energy investments to reach $900B: Big plans in uncertain times

Permanent residency applications would be open to those with require specific academic qualifications and professional skills, while investors will need sufficient capital funds. (Visa Guide)
April 12th, 2016 - 09:18 GMT

Saudi's proposed green-card system to divert remittances back into the economy

There have been a lot of strategic developments over the last year which will pave way for the growth of Takaful within the Islamic finance landscape. (File photo)
April 12th, 2016 - 08:19 GMT

Islamic insurance sector holds untapped potential: report

According to Mansour, draft laws governing electronic signature and digital transactions have been awaiting approval for over 16 years. (Shutterstock)
April 12th, 2016 - 05:00 GMT

Hacked and jacked: Lebanon lost $12B to cybercrime in 2015

The financing for the petroleum and petroleum products will have an interest rate of 2 percent and will be repaid over 15 years.  (File photo)
April 12th, 2016 - 04:24 GMT

Saudi's $23B oil deal with Egypt is a policy change from handouts to loans

Iran reiterated that Iranian ships do not need to enter Saudi waters to export its oil. (Photo courtesy of Press TV)
April 11th, 2016 - 12:00 GMT

Saudi ban on Iranian oil tankers 'fruitless': Iran oil minister

Egypt's President Abdel Fattah Al Sisi and President Francois Hollande at Élysée Palace, Paris 26 November 2014. (AFP/Alain Jocard)
April 11th, 2016 - 11:00 GMT

Egypt anticipates more deals during French President Hollande's Cairo visit

Last week, two airport employees were arrested on charges of communicating with terrorist groups and smuggling arms to the airport. (AFP/File)
April 11th, 2016 - 10:00 GMT

Lebanon's airports safe despite terror-linked arrests: Minister

The monthly cost of cancer treatment in Oman's government hospitals can reach up to OMR30,000 per year per patient. (AFP/File)
April 11th, 2016 - 09:00 GMT

Oman bans all tobacco advertising

Lebanese Foreign Minister Gebran Bassil speaks during a press conference in Berlin, on May 6, 2014 (AFP/John MacDougall)
April 11th, 2016 - 08:00 GMT

Lebanon's FM downplays reports of mass Gulf deportations

Under the terms of the COP21 agreement, wealthier nations are expected to help finance the shift to a low-carbon economy from poor developing nations. (File photo)
April 11th, 2016 - 07:00 GMT

World Bank to invest up to $3.5B annually for renewable energy programs

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