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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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Exhibitors at the Automech Formula 2014. (Automech Formula)
March 21st, 2016 - 10:00 GMT

Egypt's auto industry players gather at the Automech Formula exhibition

Mövenpick Hotels & Resorts plans to increase its KSA footprint from 10 to 15 properties by 2018. (On Hotels)
March 21st, 2016 - 09:00 GMT

Movenpick to open hotel-apartment development in Jeddah

Workers use a front-loader to move piles of garbage from Jdeideh, a Beirut suburb, to the country's largest landfill of Naameh, just south of the Lebanese capital, on March 20, 2016.  (AFP/Anwar Amro)
March 21st, 2016 - 08:00 GMT

Back to square one? Lebanon trash back at Naameh landfill

The SFD projects will be implemented by the armed forces in North and South Sinai. (AFP/File)
March 21st, 2016 - 07:00 GMT

Egypt inks $1.5B deal with Saudi fund for Sinai development

Russian Emergency Ministry rescuers examine the wreckage of a crashed airplane at the Rostov-on-Don airport on March 20, 2016. (AFP/Vasily Maximov)
March 21st, 2016 - 06:00 GMT

Flydubai crash may hamper expansion plans in Russia

Iran has signed an agreement to export 10 billion cubic metres of gas per year to Oman in a deal that involves building a pipeline at a cost of about $1 billion. (File photo)
March 21st, 2016 - 04:57 GMT

Iran in talks to process liquified natural gas in Oman

Turkey ranks fourth on the top exporters to Palestine.  (TripAdvisor)
March 20th, 2016 - 01:30 GMT

Turkey-Palestine free trade agreement increases exports nine-fold to $82.2M in 2015

Egypt’s net international reserves have been stagnating at around $16.5 billion. (File photo)
March 20th, 2016 - 12:30 GMT

Egypt's pound devaluation: 'Positive results should outweigh near-term negative effects'

The new acquisition will serve as housing for Florida Atlantic University, Palm Beach State College and Lynn University students.  (Wikimedia Commons)
March 20th, 2016 - 11:30 GMT

Investcorp moves into US student housing: $220M to acquire Florida and Minnesota properties

According to the new regulations Private and international schools can no longer hire non-Saudi teachers for Arabic language, Islamic education and social sciences. (Arab News)
March 20th, 2016 - 10:35 GMT

Saudi Arabia tightens restrictions on foreign teacher recruitment

Studies have shown that any increase in broadband connection by 10 percent contributes to increased GDP. (Twitter)
March 20th, 2016 - 10:20 GMT

Lebanon's fibre-optic network installation back on track

Ban Ki-moon and Jim Yong Kim will be also joined by the President of the Islamic Development Bank Group Mohammed Ali Al Madani in their visit to Lebanon. (AFP/Don Emmert)
March 20th, 2016 - 08:30 GMT

Ban Ki-moon, World Bank President to visit Jordan, Lebanon and Tunisia

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