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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 separation of Aramco from the Ministry of Energy was to prevent conflicts of interest.
October 30th, 2019 - 08:22 GMT

Saudi Aramco Plans to Acquire More Shareholding Companies

The list of up-and-coming technologies was selected by a panel of Cleveland Clinic physicians and scientists.
October 30th, 2019 - 07:34 GMT

Cleveland Clinic Announces Top 10 Medical Innovations for 2020

India and Saudi Arabia have traditionally enjoyed close and friendly relations.
October 30th, 2019 - 07:16 GMT

Saudi Arabia Makes Big Investments in India's Gas,Oil Projects

The estimated budget allocation to social development and social benefits programmes amount to Dh26.7 billion, or 38 per cent of the total budget.
October 30th, 2019 - 07:05 GMT

UAE Approves Zero-Deficit Budget of $16.7 Billion for 2020

Fuel prices had previously witnessed a drop in both October and September.
October 30th, 2019 - 06:46 GMT

Why UAE Dropped Petrol Prices for Third Consecutive Month

Egypt is targeting 6 percent GDP growth in the 2019/20 fiscal year that began on July 1.
October 30th, 2019 - 06:34 GMT

Egypt's GDP Grows 5.6 Percent in Q3

The company raised $165 million in a funding round last year, claiming a valuation at the time of over $1 billion.
October 29th, 2019 - 12:13 GMT

Israeli Tech Company Mulls $1.5 Billion Nasdaq IPO

UAE to Lower Petrol Prices in November.
October 29th, 2019 - 12:05 GMT

UAE to Lower Petrol Prices in November

The Global AI Summit was announced on the sidelines of the Foreign Investment Initiative (FII 2019).
October 29th, 2019 - 11:17 GMT

Saudi Arabia to Host Global AI Summit in 2020

FDI flows from Kuwait came on top, in absolute terms, with an additional BD45.2 million flowing into the Kingdom during the second quarter.
October 29th, 2019 - 11:07 GMT

Bahrain FDI Hits $28.7 Billion in Q2

The region has in recent years experienced a surge in portfolio and bank flows which, in many countries, helped finance external and fiscal deficits.
October 29th, 2019 - 10:53 GMT

IMF Calls for Structural Reforms in the Region to Promote Jobs Growth

The Istanbul Airport, whose first phase officially opened in October 2018, took over air traffic from the former main Ataturk Airport on April 6.
October 29th, 2019 - 10:30 GMT

Turkey: Istanbul Airport Welcomes over 40 Million Passengers Since Opening

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