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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 view of the Galata Tower in Istanbul. (File photo)
May 15th, 2017 - 05:00 GMT

Turkey Receives $1.7 Billion in Foreign Direct Investment; a 43 Percent Increase From 2016

How can you make financial decisions today that don’t backfire in a few years? Here's a 5-step guide to ensure you’re not willingly walking into a financial trap. (Pexels)
May 15th, 2017 - 02:53 GMT

5-Step Guide to Save Money and Avoid Financial Traps in Middle East

The Opus project. (Omniyat)
May 15th, 2017 - 02:43 GMT

The Opus: Zaha Hadid's Legacy and Architectural Marvel in Dubai

With the Samsung Galaxy S8 being covered in glass, it's not surprise that it is quite fragile. (Pexels)
May 15th, 2017 - 02:40 GMT

Samsung Galaxy S8 Most Fragile Phone Ever Made: Review

With global oil stocks still too high and US supply recovering faster than anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018. (File photo)
May 15th, 2017 - 02:00 GMT

Brent Oil Prices to Average $54 per Barrel in 2017, $56 in 2018: Experts

Egypt has reported a decline in the unemployment rate during the first quarter of 2017, to reach 12 percent of the total labor force, compared to 12.7 percent in the first quarter of 2016, with youth (15-29 year-olds) making up 79 percent of the total unemployed ratio. (AFP)
May 15th, 2017 - 01:30 GMT

Egypt's Unemployment Rate Down 0.7 Percent Year-on-Year: Report

People buying clothes in front of Al-Husseini Mosque on December 9, 2016, in downtown Amman. (Shutterstock)
May 15th, 2017 - 01:00 GMT

Jordanian Families Spend $1,200 Monthly - on What?

The research shows that usage peaks at 3:00AM during Ramadan among Facebook's 152 million monthly active users in the MENA region. (Pexels)
May 15th, 2017 - 12:30 GMT

Users Spend More Time on Facebook During Ramadan: Survey

More than 87,000 nurses of different nationalities work in Saudi Arabia. Only a few of them are Saudis. (Shutterstock)
May 15th, 2017 - 12:00 GMT

Low Salaries, Poor Education to Blame for Shortage of Saudi Nurses: Official

Al-Aqsa Mosque, Jerusalem. (File photo)
May 15th, 2017 - 11:30 GMT

No More Euro, Dollar or Shekel: Palestinians to Have Their Own Currency Very Soon

Lebanon must start its offshore gas and oil exploration by no later than mid-2018 to benefit from the low cost of oil services, according to an energy expert. (File photo)
May 15th, 2017 - 11:00 GMT

Lebanon Must Hurry to Extract Offshore Oil and Gas, or Someone Else Will: Expert

Saudi Arabia and Russia have agreed to extend the oil output reduction deal for another nine months, until march 2018. (AFP/ Joe Klamar)
May 15th, 2017 - 10:30 GMT

Saudi Arabia, Russia Back OPEC's Oil Output Cut in Joint Statement

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