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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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The Central Bank of UAE. (File photo)
March 27th, 2017 - 09:03 GMT

UAE federal budget surplus up 130 percent in 2016

You can't say that we haven't warned you. (Pixabay)
March 27th, 2017 - 08:00 GMT

Hefty fines await people who litter in Oman

A free trade agreement between the UK and the GCC states is on the agenda. (File photo)
March 27th, 2017 - 07:18 GMT

UK eyes $6.5B investments from Qatar, GCC as Brexit approaches

Port of Beirut. (File photo)
March 27th, 2017 - 07:02 GMT

Brazilian meat scandal: Lebanon says it is free of rotten meat

Only residents with alcohol licenses are allowed to make purchases at the shop, with each given a monthly allowance calculated based on their wages. (File photo)
March 27th, 2017 - 05:00 GMT

Qatar Distribution Company urges consumers to buy alcohol ahead of new tax

Major terror attacks have had variable degrees of impact on stock markets worldwide. (File photo)
March 26th, 2017 - 06:00 GMT

Stock markets suffer fluctuations after London terrorist attack: Analysts

Real estate remains a major pillar of Lebanon’s economy. (File photo)
March 26th, 2017 - 05:00 GMT

Real estate market in Lebanon growing slowly, but steadily: Report

The UAE has taken precautionary measures on imported food products from Brazil. (Shutterstock)
March 26th, 2017 - 04:00 GMT

Meat prices in UAE to go up after Brazilian meat ban

Quriyat, Oman. (Shutterstock)
March 26th, 2017 - 03:00 GMT

Oman plans multimillion-dollar tourism complex in coastal city

Al-Abdali area in Amman. (Shutterstock)
March 26th, 2017 - 01:59 GMT

Amman most expensive city in the Arab world: Report

Doha, Qatar. (File photo)
March 26th, 2017 - 01:08 GMT

New GCC VAT will have minimal effect on inflation: Report

Emaar Malls is the shopping center unit of Dubai’s biggest publicly traded property developer. (File photo)
March 26th, 2017 - 12:30 GMT

Dubai’s Emaar Malls announced its bid for Souq.com and Amazon is not going to like it

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