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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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During the awarding ceremony
May 21st, 2017 - 05:00 GMT

‘Emirati Programmer’ moves to next step with launch of Hackathon competition under supervision of international jury of IT experts

Donald Trump and King Salman during a signing ceremony at the Saudi Royal Court in Riyadh on Saturday May 20, 2017. (AFP)
May 21st, 2017 - 05:00 GMT

US, Saudi Arabia Seal $110-Billion Arms Deal on Trump's Visit

A new research has revealed that users in the MENA region spend an extra 57.6 million hours on Facebook during Ramadan. (Shutterstock)
May 18th, 2017 - 04:45 GMT

Weekly Business Roundup: Donald Trump in Saudi Arabia, Facebook Abuse in Ramadan and 5 Stories You Probably Missed

Financial problems, mainly liquidity and debt, are the main reasons for the closure of 249 companies in Tunisia between 2005 and 2015, according to a study. (Shutterstock)
May 18th, 2017 - 02:55 GMT

Lack of Liquidity, Debt Main Reasons for Company Closures in Tunisia

HTC U11 is a phone like no other, and not just because it is squeezable. (Pixabay)
May 18th, 2017 - 02:36 GMT

If There's an HTC U11 Video You Should Watch, Let It Be This One

Bill Gates. (AFP/ Pascal Guyot)
May 18th, 2017 - 02:11 GMT

'The World Is Getting Better': Bill Gates Tweets Optimistic Advice for New Grads

The highest number of work injuries recorded last year in Saudi Arabia were of workers falling off high platforms at construction sites. (Pixabay)
May 18th, 2017 - 02:01 GMT

Work Injuries Cost Saudi Arabia $98.6 Million a Year

King Salman's freeze on perks and allowances encouraged many Saudi civil servants and their families to reduce spending to adjust with the falling revenue. (File photo)
May 18th, 2017 - 01:51 GMT

King Salman's Perk Freeze Taught Saudis a Lesson in Money Management

US President Donald Trump will leave for Saudi Arabia on Friday on his first foreign visit as president. (Photos: AFP)
May 18th, 2017 - 01:30 GMT

Trump Leaves for Saudi Arabia Tomorrow: Here's His Full Agenda

According to officials, the presence of illegal workers in the country is a security, economic, social and health risk for Saudi Arabia. (AFP/ File)
May 18th, 2017 - 12:24 GMT

Saudi Arabia Is Offering a $13,300 Reward for Reporting Illegal Expats

DuPont
May 18th, 2017 - 10:58 GMT

Reebok "Growing" plant-based footwear

Governor of Riyadh and Chairman of Al Jazirah Vehicles Agencies during the inaugural ceremony.
May 18th, 2017 - 10:44 GMT

World’s largest Ford’s dealer showroom unveiled in Riyadh

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