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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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Souq.com's CEO, Ronaldo Mouchawar.
March 28th, 2017 - 09:55 GMT

It’s official: Amazon buys Souq.com!

Saudi Arabia's Energy Minister Khalid Al-Falih during a meeting between members of the OPEC in 2016. (AFP)
March 28th, 2017 - 09:11 GMT

Saudi Aramco's tax cut is in the interest of the country, its citizens and future generations: Minister

Greek investments will help back Egypt's declining economy. (Wikimedia)
March 28th, 2017 - 08:40 GMT

Greece revives Egypt’s sluggish economy with $1B investment

IDB will spend $86 million for the expansion of the Tripoli port in Lebanon. (File photo)
March 28th, 2017 - 06:00 GMT

Saudi Arabia's IDB to donate $715M for development projects in three countries

Indian tourists to the UAE reign supreme. (Pexels)
March 28th, 2017 - 05:00 GMT

Indian visitors reign over Dubai, Abu Dhabi tourism sector

There are potentially 1,000 cars that might be included in the Nissan recall in the UAE. (File photo)
March 27th, 2017 - 04:00 GMT

Nissan recalls hundreds of cars in the UAE due to a power failure

BP will own 100% of the new gas field. (File photo)
March 27th, 2017 - 02:00 GMT

BP discovers not first or second.. But THIRD gas field in Egypt

The US dollar index slipped to 99.05 points on Monday, its lowest reading since last November’s American presidential election. (File photo)
March 27th, 2017 - 01:32 GMT

Turkish lira advances on US dollar after Trump's healthcare defeat

The US bird flu outbreak is believed to have begun on March 1. (Pixabay)
March 27th, 2017 - 01:00 GMT

Bird flu outbreak: Saudi Arabia bans birds from US, Malaysia

Muscat, the capital of Oman. (Shutterstock)
March 27th, 2017 - 12:30 GMT

Oman, Iran ink agreement to boost trade, financial cooperation

A drone. (File photo)
March 27th, 2017 - 11:57 GMT

Middle East’s first drone factory to open in.. Saudi Arabia

Jordanian investments in Saudi Arabia amount to $2 billion. (AFP/File)
March 27th, 2017 - 11:03 GMT

Jordan, Saudi Arabia launch fund to boost trade, investment

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