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Iraqi oil field worker in Basra
June 25th, 2026 - 12:14 GMT
P. Choiaqo

P. Choiaqo

Iraq rethinking its OPEC membership due to oil production limits

ALBAWABA - In a Reuters exclusive report: Iraq, one of the founding members of OPEC, is now considering leaving the organization after Strait of Hormuz disruptions and limited oil production quotes hit the county hard. “Saudi Arabia and ​other OPEC allies should treat this matter with the utmost seriousness. Failing that, Iraq will be compelled to consider all available options,” a senior Iraqi oil ⁠ministry official told Reuters. Iraq’s economy ...
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Saudi Arabia Acquires Shares Worth $7.7 Billion in World’s Major Companies
May 17th, 2020 - 11:30 GMT

Saudi Arabia Acquires Shares Worth $7.7 Billion in World’s Major Companies

Oil Demand Recovers as Countries Ease Lockdown Measures
May 17th, 2020 - 11:00 GMT

Oil Demand Recovers as Countries Ease Lockdown Measures

GCC Stock Markets Open Higher Due to Oil Prices Recovery
May 17th, 2020 - 10:30 GMT

GCC Stock Markets Open Higher Due to Oil Prices Recovery

Saudi Arabia Expands Shipping Lines to East Asia
May 17th, 2020 - 10:00 GMT

Saudi Arabia Expands Shipping Lines to East Asia

Lebanon Aims at Collecting Millions of Dollars from Maritime Property Violators
May 17th, 2020 - 09:30 GMT

Lebanon Aims at Collecting Millions of Dollars from Maritime Property Violators

EU Official: ‘Lot of Work to Do’ on EU’s COVID-19 Recovery Fund
May 17th, 2020 - 09:00 GMT

EU Official: ‘Lot of Work to Do’ on EU’s COVID-19 Recovery Fund

118-Year-Old J.C. Penney Files for Bankruptcy Due to COVID-19
May 17th, 2020 - 08:30 GMT

118-Year-Old J.C. Penney Files for Bankruptcy Due to COVID-19

Tunisia: After Surviving Militant Attacks, Tourism is Trying to Recover from COVID-19
May 17th, 2020 - 08:00 GMT

Tunisia: After Surviving Militant Attacks, Tourism is Trying to Recover from COVID-19

India Raises Defence FDI Limit to Reduce Import Bill
May 17th, 2020 - 07:30 GMT

India Raises Defence FDI Limit to Reduce Import Bill

UAE: Car Sales Expected to Recover After Plummeting in April
May 17th, 2020 - 07:00 GMT

UAE: Car Sales Expected to Recover After Plummeting in April

India to Ease Airspace Restrictions to Reduce Cost of Flying
May 17th, 2020 - 06:30 GMT

India to Ease Airspace Restrictions to Reduce Cost of Flying

UAE: Employment in Banks up in March Despite Pandemic
May 17th, 2020 - 06:00 GMT

UAE: Employment in Banks up in March Despite Pandemic

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