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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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South Africa's President Jacob Zuma. (AFP)
May 28th, 2017 - 09:00 GMT

President Zuma's Plan for 'Second Home in Dubai' Raises Eyebrows in South Africa

After rising more than 120 percent since the beginning of the year, the value of Bitcoin passed the $2,000 mark. (Pixabay)
May 28th, 2017 - 09:00 GMT

Bitcoin Reaches Record Levels, and Investors Are Buying

Foreign laborers work outside at the construction site of a track for the Dubai Metro, on 22 May 2013. (AFP/ Marwan Naamani)
May 28th, 2017 - 09:00 GMT

UAE Shortens Working Hours for Three Months, Starting June 15

The prices of the Egyptian Fanous and other Ramadan delicacies have increased, affecting the way Egyptians celebrate the Holy Month. (YouTube)
May 28th, 2017 - 08:00 GMT

How High Prices Are Affecting the Wallets, and Spirits, of Egyptians in Ramadan

The US-made weapons were either captured or illegally traded from poorly secured Iraqi military stockpiles. (AFP)
May 28th, 2017 - 07:00 GMT

US Says 'It Lost Track' of Over 1$ Billion Worth of Arms in Iraq

Dates are packed with an impressive list of essential nutrients. (Pixabay)
May 28th, 2017 - 06:04 GMT

Why Is It Healthy to Eat Dates in Ramadan?

A photo shows foreign tourists visiting Tehran's Golestan Palace on August 5, 2015. (AFP/ Atta Kenare)
May 28th, 2017 - 06:00 GMT

Iran World’s Most Affordable Country for Tourism: Report

Key results showed that forced CEO turnovers on a global level due to ethical reasons rose from 3.9 percent (in 2007–2011) to 5.3 percent (in 2012–2016). (Pixabay)
May 28th, 2017 - 05:55 GMT

Number of CEOs Fired for Ethical Reasons on the Rise: Report

Dubai continues to be positioned attractively as a real estate haven on the global scene. (Pixabay)
May 28th, 2017 - 05:50 GMT

Here's What You Can Buy in Dubai Property With $1 Million

Egyptians visit Al-Azhar mosque in Cairo during the holy month of Ramadan on June 22, 2015. (AFP/ Mohamed el-Shahed)
May 28th, 2017 - 05:45 GMT

Ramadan 2017: UAE Launches Mobile App for Charity, Volunteering Activities

Uber said tens of thousands of drivers were affected by a payroll mistake. (AFP/ Brendan Smialowski)
May 28th, 2017 - 05:00 GMT

Underpaid Uber Drivers Get $45 Million Compensation in Payroll Mistake

A new study conducted by Cisco shows that 60 percent of IoT initiatives stall at the Proof of Concept (PoC) stage. (Pixabay)
May 28th, 2017 - 01:55 GMT

60 Percent of IoT Projects Are Failing: Cisco Study

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