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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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For those with a penchant for fitness; and even those without, the goal to dedicate 30 minutes of activity a day for 30 days doesn't require a month-long slog at the gym. (Shutterstock)
October 25th, 2018 - 05:18 GMT

Don't Miss Dubai Fitness Challenge Debut Tomorrow!

Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq
October 25th, 2018 - 05:18 GMT

Al-Marzouq: KD169.1Million Net Profit for KFH Shareholders Until the End of Q3 2018, An Increase of 22.7%

Many smartphones allow you to turn on a rule of thirds grid, which helps to compose the image. (Shutterstock)
October 25th, 2018 - 05:12 GMT

The Weekend Is Here, so Here's Your Guide to up Your Phone Photography Game

In accordance with the UAE Cabinet decision, the tax returns and payment of due tax to the Authority must be submitted not later than the 28th day after the end of the relevant tax period. (Shutterstock)
October 25th, 2018 - 05:05 GMT

UAE Adds Another Shake up to VAT System

Mohab Ghali, Vice President of Operations, Egypt and North Africa, Hilton
October 25th, 2018 - 05:04 GMT

Hilton Presents Its Economic Impact at the US Business Mission to Egypt 2018

Sovereign airspace by international law corresponds with the maritime definition of territorial waters as being 12 nautical miles out from a nation’s coastline. (Shutterstock)
October 25th, 2018 - 04:59 GMT

How Airspace Distribution in the Gulf Looks Like Post Qatar Blockade

Asked about Turkish exports to Qatar, the ambassador said the embassy saw a “big increase” in food products, especially after the economic blockade.  (Shutterstock)
October 25th, 2018 - 04:53 GMT

Turkish Exports to Qatar Grow to 100%

More than a dozen foreign banks that have licences to operate branches in Saudi Arabia cancelled plans to be part of this year’s FII forum. (Shutterstock)
October 25th, 2018 - 04:49 GMT

Saudi to Maintain Soft Spot for Banks Despite Their FII Boycott

Her Excellency Sheikha Hind bint Hamad Al Thani speaking at a reception in London to mark the fourth anniversary of the Qatar Digital Library.
October 25th, 2018 - 04:45 GMT

Vast Gulf History Website Celebrates Four Years and Ten Million Page Views

According to the circular, the applicant must be a Kuwaiti citizen. He must have a general driving license.
October 25th, 2018 - 04:44 GMT

"100 Percent Kuwaiti" Push Continues as Airport Taxis License Chime In

The deal came as Pakistani Prime Minister Imran Khan attended the opening of the Future Investment Initiative in Riyadh on Tuesday. (AFP)
October 25th, 2018 - 04:40 GMT

Saudi Arabia Extends a $6 Billion Aid Pledge to Pakistan

Global index provider MSCI classified the Saudi equity market as an emerging market in June, a move expected to attract billions of dollars of passive funds. (Shutterstock)
October 25th, 2018 - 04:35 GMT

Saudi Cabinet Amends Laws to Lure Foreign Investments in These Sectors

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