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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 Russian ambassador claimed that archeological treasures were being smuggled through Turkey to be sold directly to buyers over the internet. (AFP/FIle)
April 7th, 2016 - 12:00 GMT

Trade in plundered antiquities nets Daesh $200M annually: Russia

At least eight prominent Middle East figures have been named in the leaked Mossack Fonseca data. (Twitter)
April 7th, 2016 - 11:21 GMT

Panama Papers whistleblower: A mystery man most wanted

The eurobond issue should be complete by the end of the month. (Photo courtesy of The Daily Star)
April 7th, 2016 - 10:05 GMT

Lebanon announces three banks to manage $1B eurobond issue

The closure of small groceries will mean the loss of vital conveniences for many. (Riyadh Connect)
April 7th, 2016 - 09:00 GMT

Shura council proposes Saudization policy for local grocery shops

Al Bawaba
April 7th, 2016 - 08:00 GMT

That's super rich: Millionaires continue to migrate to Dubai

The third phase of Sezad is expected to be completed within three years. (File photo)
April 7th, 2016 - 06:54 GMT

Oman: Kuwaiti company lands $200M contract for next stage of Duqm port development

Analysts have praised the collaboration, saying that it will lead to economic rationalization and cost effectiveness. (Shutterstock)
April 7th, 2016 - 05:58 GMT

Better together? Saudi oil rivals Aramco and Sabic rumored to be collaborating on joint refinery

The fourth round of the Jordanian-Kuwaiti joint commission will be held in Kuwait in May. (File photo)
April 7th, 2016 - 04:28 GMT

Jordan-Kuwait trade now worth $400M

Intense negotiations will begin to establish a timetable for reaching a settlement on the PA's total debt to IEC, which amounts to NIS 1.7 billion ($445M). (Electronic Intifada)
April 6th, 2016 - 01:00 GMT

Gaza power cuts: PA strikes deal with Israel over unpaid bills

The New Port project is considered to be the largest port development project in the world to be built on unused land. (Ship Technology)
April 6th, 2016 - 12:30 GMT

Doha's $7.5B New Port project set for completion in 2020

22 of the 28 aircraft ordered will be in the single-seat variant. (Wikimedia Commons)
April 6th, 2016 - 12:00 GMT

Kuwait to procure 28 Typhoon jets from Italy

Saudi Arabia’s General Authority of Civil Aviation (GACA) said Monday that Mahan Air was banned due to violations of local safety rules. (Wikimedia Commons)
April 6th, 2016 - 11:00 GMT

Iran downplays Saudi ban on Iranian airliners

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