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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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Al Bawaba
November 24th, 2015 - 10:40 GMT

UAE banks slash hundreds of jobs in response to difficult economy

Al Bawaba
November 24th, 2015 - 10:18 GMT

Not app-ening? Internet-based calling apps won't be blocked in Saudi Arabia

Al Bawaba
November 24th, 2015 - 09:37 GMT

Iran's economy will outperform MENA once sanctions are lifted: IIF report

Al Bawaba
November 24th, 2015 - 06:16 GMT

Israel mulls gas exports to Egypt despite massive Zohr discovery

Al Bawaba
November 24th, 2015 - 05:51 GMT

Jordan to host bilateral economic forum with the UAE

Al Bawaba
November 24th, 2015 - 12:23 GMT

Emirates Group hopes to improve efficiency with driverless cars

Though GCC governments depend heavily on oil revenue, declining oil prices are pressuring them to diversify their sources of revenue. (Al Bawaba/File)
November 24th, 2015 - 12:03 GMT

Building strain of falling oil prices may accelerate GCC reforms

Al Bawaba
November 23rd, 2015 - 11:26 GMT

MENA-based Lulu hypermarket to expand to Malaysia

Al Bawaba
November 23rd, 2015 - 02:00 GMT

Google initiative is training thousands of Egyptian youth to develop mobile apps

Al Bawaba
November 23rd, 2015 - 01:24 GMT

Dubai luxury hotel operator Jumeirah has Saudi Arabia in its sights

Al Bawaba
November 23rd, 2015 - 12:36 GMT

Bahrain hosts GCC symposium on combating terror-funding in non-profits

Al Bawaba
November 23rd, 2015 - 11:03 GMT

OPINION: Is the market really flooded with surplus oil?

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