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BUSINESS

BUSINESS latest

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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Joint oil and gas fields are important for all countries in the region, with all countries which share oil and gas fields with Iran gaining billions from their procurement. (Shutterstock)
November 5th, 2018 - 08:25 GMT

What Is the Fate of Iran's Shared Oil and Gas Fields With Iraq and Saudi, Now That the US Sanctions Are Imposed?

Passengers who book their tickets during this sales period can travel any time between Nov. 22, 2018 and March 20, 2019, for a maximum stay of 30 days and a minimum stay of three days.
November 5th, 2018 - 08:16 GMT

RJ Sales Promo 'These Fares Are Not Fair!' Is Back!

There are expectations in Egypt that the Red Sea will be the next major exploration frontier. (Shutterstock)
November 5th, 2018 - 08:12 GMT

After Tourism, Egypt to Exploit the Red Sea for Hydrocarbons

Now producing 4.78 million barrels per day (bpd), as the head of the National Oil Company stated, Iraq boasts the world’s fourth-largest oil reserves after Saudi Arabia, Canada and Iran. (Shutterstock)
November 5th, 2018 - 08:04 GMT

Where Are All the Benefits From Being Fourth Largest Oil Producer in the World, Ask Iraqis?

The FTA between Jordan and Turkey will be officially terminated on November 22. (Shutterstock)
November 5th, 2018 - 07:55 GMT

Jordan to Impose Tariffs on Turkish Goods

The recent economic data and key business surveys suggest that the global economy has already begun to lose momentum. (Shutterstock)
November 5th, 2018 - 07:47 GMT

IMF Holds a Grim Outlook on Global Economic Growth

India’s oil imports will be reduced, but will still rank up more than a million barrels per month. (Shutterstock)
November 5th, 2018 - 07:40 GMT

Asia, Not the EU, Might Be Iran's Hope to Whither the US Sanctions Storm

Hezbollah’s deputy head Sheikh Naim Qassem. (TDS)
November 5th, 2018 - 07:26 GMT

How the Iran Sanctions Are Threatening the Lebanese Government Formation

The International Energy Agency has estimated digital technologies could cut oil and gas production costs by between 10 and 20 per cent.
November 5th, 2018 - 06:24 GMT

Digitalisation Is Fundamental, Transformational, and a Number One Priority for Senior Oil and Gas Industry Decision-Makers As They Plan Future Investments

During the ceremony
November 5th, 2018 - 06:16 GMT

World’s Elite Golfers Land in Antalya for Turkish Airlines Open 2018

Al Tayer Motors - Jaguar Land Rover Garhoud showroom
November 5th, 2018 - 06:10 GMT

Al Tayer Motors’ Brand New Jaguar Land Rover Facility in Garhoud Inaugurated by Automaker’s CEO Prof. Dr. Ralf Speth

The American University in Cairo
November 5th, 2018 - 06:05 GMT

AUC Signs Academic Agreement With Harvard University

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