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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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The company is currently working with the Roads and Transport Authority in Dubai and Mubadala to look for synergies and developing the UAE project.
October 7th, 2019 - 08:36 GMT

Travel from Abu Dhabi to Dubai in 11 Minutes with UAE Hyperloop

First phase of 5G services provided through network of 2,000 towers across 20 Saudi cities.
October 7th, 2019 - 08:33 GMT

Zain Launches Region’s Largest 5G Network in Saudi Arabia

Farhad Azizi CEO of Azizi Developments and Mika Toivola CFO of Azizi Developments
October 7th, 2019 - 08:31 GMT

Azizi Developments Receives First Time Rating of ‘Bb-’ With a Stable Outlook From Fitch

The global economy is already adjusting to the persistence of the trade war between the US and China.
October 7th, 2019 - 08:28 GMT

US-China Trade War: Major Obstacle for Global GDP Growth

HUAWEI WiFI Q2 Pro
October 7th, 2019 - 08:04 GMT

Huawei Upcoming Line up of Products in Saudi Arabia Will Deliver an Inspired, Intelligent Experience for a Smart Life

The London-headquartered bank last month announced the shock exit of CEO John Flint after just 18 months in the hot seat but gave no reason for the decision.
October 7th, 2019 - 08:01 GMT

HSBC to Lay off up to 10,000 Employees

The strike has shut down GM production in the United States, impacting its operations in Canada and Mexico where thousands of workers have been temporarily laid off.
October 7th, 2019 - 08:00 GMT

UAW: General Motors Strike Negotiations Take 'Turn for the Worse'

5G Remote Emergency Response
October 7th, 2019 - 07:52 GMT

Etisalat Presents 5G-A World Without Limits at GITEX Technology Week

The Middle East and North Africa (Mena) startup ecosystem is growing quickly, with $517 million being invested in 354 deals in 2019 thus far.
October 7th, 2019 - 07:45 GMT

UAE: Home to One Third of FinTech Companies in MENA

Sheikh Hamed bin Zayed Al Nahyan
October 7th, 2019 - 07:36 GMT

Khalifa University Awards its First-Ever Honorary Doctorate to First Emirati Astronaut

Much of Iran's natural gas comes from the South Pars field.
October 7th, 2019 - 07:35 GMT

China Withdraws $5 Billion Iran Gas Field Deal

China, Iraq, Turkey, United Arab Emirates (UAE) and Afghanistan were Iran’s main exports destination in the same period.
October 7th, 2019 - 07:29 GMT

Iran’s Foreign Trade Value Surpasses $42 Billion in H1

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