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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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A new study has shown that the majority of millennials in the UAE still haven't started saving for their retirement. (Shutterstock)
May 17th, 2017 - 01:11 GMT

UAE Millennials Not Saving Enough Money for Their Old Age

Face-to-face interaction yields much better results than an email request, according to a new study. (File photo)
May 17th, 2017 - 01:00 GMT

Face-to-Face Requests More Successful Than Email: Study

US President Donald Trump and his wife Melania step off a plane upon arrival at Andrews Air Force Base in Maryland on January 19, 2017. (AFP/ Mandel Ngan)
May 17th, 2017 - 12:32 GMT

Saudi Arabia to Sign At Least 10 Oil Deals With US During Trump's Visit: Aramco

A Chinese traditional dance troupe performs at the inauguration ceremony of the Yanbu Aramco Sinopec Refining Company Project in Riyadh on January 20, 2016. (AFP/ Fayez Nureldine)
May 17th, 2017 - 12:00 GMT

Saudi Arabia, China Ink $10-Billion Oil Refinery Deal

The number of Qataris employed by the country’s energy and industry sector has tripled from 2,900 to 9,300 in 16 years, but challenges remain. (AFP)
May 17th, 2017 - 11:30 GMT

Qatarization Will Never Thrive If Qataris Refuse to Work as Technicians: Energy Minister

Emaar Properties chairman Mohamed Alabbar has announced that his e-commerce platform, noon, will go live this year and will be based in Saudi Arabia. (File photo)
May 17th, 2017 - 11:00 GMT

Noon Is Moving to Saudi Arabia: Alabbar

Excom-Y, a dynamic team of Millennials who will mirror its Executive Committee
May 17th, 2017 - 10:50 GMT

Mövenpick Hotels & Resorts creates Excom-Y, a dynamic team of Millennials who will mirror its Executive Committee

The surprise strike by maintenance workers of Air Algérie left hundreds of passengers stranded in Houari Boumediene airport in Algiers on Tuesday. (Twitter)
May 17th, 2017 - 10:00 GMT

Air Algérie Strike Leaves Hundreds of Passengers Stranded in Algiers

Cut Out Body Con Dress
May 17th, 2017 - 09:54 GMT

REDTAG releases its limited edition Ramadan collection for the perfect chic yet modest looks

David N. Farr, chairman and chief executive officer of Emerson
May 17th, 2017 - 09:45 GMT

Emerson completes Pentair Valves & Controls acquisition

Arab Islamic American Summit
May 17th, 2017 - 09:31 GMT

STC launches app for historic Arab-US summit

The new CEO of Kuwait Airways, Ebrahim Abdullah Al-Khuzam, assumed his role on May 4, 2017, following the resignation of Rasha Al-Roumi.
May 17th, 2017 - 09:14 GMT

Kuwait Airways Appoints New CEO

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