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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 UK imposes ban on laptops on flights from six Middle East countries: Lebanon, Jordan, Egypt, Tunisia, Turkey, and Saudi Arabia. (File photo)
March 22nd, 2017 - 08:30 GMT

UK bans laptops, large electronic devices from six Middle East countries

The Trump family’s expenses during business trips abroad have been placed under scrutiny since the president assumed office. (Facebook)
March 21st, 2017 - 06:00 GMT

This is how much Trump sons’ trip to Dubai cost US taxpayers

A man serving tea in Cairo. (Shutterstock/ Orhan Cam)
March 21st, 2017 - 05:00 GMT

Inflation rate in Egypt hits highest level in 30 years

At least 38 people were killed and another 39 injured after two gunmen attacked a beach hotel in the Tunisian city of Sousse in June 2015. (AFP/File)
March 21st, 2017 - 04:00 GMT

Tunisia: Number of French tourists growing fast but still not enough

Bill Gates’ fortune grew from an estimated $75 billion last year to $86 billion in 2017. (Shutterstock/ GongTo)
March 21st, 2017 - 03:00 GMT

Arab billionaires step aside: Bill Gates continues to be world’s richest man

GCC governments have taken steps to shift the burden of funding services such as healthcare to the private insurance sector and away from government. (File photo)
March 21st, 2017 - 02:13 GMT

Health insurance market in GCC shows signs of recovery: S&P

The increase in tobacco prices was mainly due to an increase in transportation, housing, water, electricity and fuel categories. (File photo)
March 21st, 2017 - 01:00 GMT

Tobacco prices in Oman up 23 percent

Bukhowa will be responsible for overseeing the bank’s operations, as well as the management of the international corporate and institutional clients’ segment in Qatar. (Gulf Times)
March 21st, 2017 - 11:55 GMT

Bank in Qatar appoints its first Arab CEO

Sheikh Mohammed bin Rashid Al Maktoum deemed the event as a national achievement accomplished by the country. (WAM)
March 21st, 2017 - 11:03 GMT

Mohammed bin Rashid inaugurates phase 2 of solar park in Dubai

Lebanon believes that its economic waters contain 850 million barrels of oil and no less than 2,700 BCM of natural gas, similar to Israel's potential, including the fields that have already been discovered.  (Shutterstock)
March 21st, 2017 - 10:00 GMT

Israel appeals to US, UN over gas tender dispute with Lebanon

Saudi Arabia is also developing a study into solutions for concealed commercial activities, in which expats work in the name of Saudis, such as allowing foreigners to invest within regulations by paying tax.(Shutterstock/Fitria Ramli)
March 21st, 2017 - 09:00 GMT

Saudi Arabia mulls self-employment tax option for foreigners

High net-worth individuals (HNWIs) are defined as individuals with $2 million (Dh7.34 million) or more in investment assets. (File photo)
March 21st, 2017 - 08:00 GMT

Wealth Insight Report 2017: GCC's ultra-wealthy concerned by oil prices, instability

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