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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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October 30th, 2018 - 09:39 GMT

RAKBANK Goes Fintech

The price of diesel, however, has been increased. (Shutterstock)
October 30th, 2018 - 09:35 GMT

UAE Residents to Enjoy Lower Fuel Fares This November!

OPEC's Crude Oil at $75.71 per Barrel. (Shutterstock)
October 30th, 2018 - 09:31 GMT

OPEC's Crude Oil at $75.71 per Barrel

Retail space investment in Oman has been growing in recent years. (Shutterstock)
October 30th, 2018 - 09:25 GMT

Oman's Retail Sector Is on the Rise, and Al Arami Boulevard Will Maintain It

Arab Economic Integration Might Be Around the Corner
October 30th, 2018 - 09:17 GMT

Arab Economic Integration Might Be Around the Corner

The guide has been introduced to protect the public from marketing promotions that do not conform to applicable standards. (Shutterstock)
October 30th, 2018 - 09:03 GMT

Attention Advertising Firms in the UAE: Here Are the New Content Rules

Islamic Banking Propels to New Heights in the UAE. (Shutterstock)
October 30th, 2018 - 08:50 GMT

Islamic Banking Propels to New Heights in the UAE

The UAE ranks number one globally while Malaysia once again tops the Global Islamic Economy Indicator in the State of the Global Islamic Economy Report 2018-19. (Shutterstock)
October 30th, 2018 - 08:43 GMT

UAE Ranks First Globally In Islamic Economy

KhalifaSat is the first-ever Emirati-designed satellite, manufactured with 100% local expertise and developed in clean rooms in technology labs at the Space Technology Laboratories of Mohammed bin Rashid Space Centre. (File/photo)
October 30th, 2018 - 08:36 GMT

UAE Launches KhalifaSat Successfully Into Outer Space

The move comes as part of the third and final group of 800 housing support decisions that were announced at the start of the month. (Shutterstock)
October 30th, 2018 - 08:29 GMT

UAE Provides Housing Aid for 252 Citizens

Foreigners investors sold a net SAR 2.34 billion ($624 million) in the Saudi stock market in the week ending 25 October. (Shutterstock)
October 30th, 2018 - 08:23 GMT

Foreigners Selling Saudi Stocks Slows Down to $624 Million, Following Khashoggi Murder

The ITU is governed by the plenipotentiary conference and the administrative council. (Arab News)
October 30th, 2018 - 07:58 GMT

Will Saudi Arabia Be Allowed to Keep Its International Telecommunication Union Membership?

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