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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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Aramco came under Yemen’s biggest retaliatory attacks ever on Sept. 11, as a result of which Saudi Arabia lost half of its production capacity.
October 9th, 2019 - 07:38 GMT

Fitch Downgrades Saudi Aramco After Cutting Down the Kingdom's Debt Rating

For the global economy, the cumulative effect of trade conflicts could mean a loss of around $700 billion by 2020, or about 0.8 percent of GDP.
October 9th, 2019 - 07:22 GMT

IMF: Global Economy Set to See Its Slowest Growth in Nearly a Decade

Economic growth slowed to an annual rate of 1.94 percent in the three months to the end of June, the second quarter in a row of decline.
October 9th, 2019 - 07:22 GMT

Nigeria: President Presents Record $33.8 Billion Budget for 2020

American Hospital Dubai
October 9th, 2019 - 07:13 GMT

American Hospital Dubai Is the First to Earn AlUM Ultrasound Practice Accreditation

The Gulf countries agreed the aid package soon after former President Omar al-Bashir was ousted in April.
October 9th, 2019 - 07:13 GMT

Sudan Receives $1.5 Billion Aid From Saudi Arabia and UAE

Assila Hotel signing ceremony
October 9th, 2019 - 07:00 GMT

Marriott International Signs Deal To Introduce the Luxury Collection to Saudi Arabia in 2020

During the event
October 9th, 2019 - 06:52 GMT

Dubai Government Cuts Annual Paper Consumption by 74 Million Pieces, Saves 3.5 Million Hours of Work

During the event
October 9th, 2019 - 06:45 GMT

Etisalat Enabling the Future of Retail at GITEX Technology Week

During the event
October 9th, 2019 - 06:40 GMT

Mashreq Bank Partners With Avaya And Koopid To Bring AI To The Heart Of Customer Experience

Lexus
October 9th, 2019 - 06:29 GMT

Final Call for Entries to Lexus Design Award 2020 as Competition Deadline Approaches

The 15 technologies we highlight in this report could represent a $48 billion market opportunity by 2025.
October 9th, 2019 - 06:28 GMT

15 Progressive Technologies to Transform Our Lives

The first Policy Steering Committee meeting, convened by the World Innovation Summit for Health, with key stakeholders in the local healthcare sector.
October 9th, 2019 - 06:22 GMT

WISH Convenes First Meeting of Policy Steering Committee Ahead of 2020 Global Summit

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