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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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Transport Minister Hussein Al Souob said regulating ride-hailing apps would improve the competitiveness of yellow taxis. (File photo)
March 6th, 2017 - 07:00 GMT

Jordan moves to regulate ride-hailing apps

Bahrain's new LNG Import Terminal will form a vital part of the energy infrastructure of the country.  (Shutterstock/Vytautas Kielaitis)
March 6th, 2017 - 06:03 GMT

Bahrain's Nogaholding plans over $7B of oil and gas investments into 2022

This was the first time that Oman had issued a 30 year maturity period bond, which accounted for $2 billion of the funds raised. (File photo)
March 6th, 2017 - 04:59 GMT

Oman's $5B bond sale 'a global vote of confidence': Finance Minister

The society’s secretary general, Khalid Al-Fakhiri, was quoted as saying holding on to an employee’s passport was a form of human trafficking. (Shutterstock)
March 5th, 2017 - 01:00 GMT

Saudi Arabia sets deadline for return of employees passports

The German offer came during a visit to Egypt by German Chancellor Angela Merkel. (AFP/Khaled Desouki)
March 5th, 2017 - 12:00 GMT

Germany grants Egypt $500M for economic development and SME support

Sharjah Food Park will be the first food industry complex of its kind in the region, in terms of its nature and size. (SharjahUpdate.com)
March 5th, 2017 - 11:00 GMT

UAE: Sharjah Food Park complex to be Hamriyah Free Zone's flagship project

Lukoil accounts for over two per cent of global crude oil production and around one per cent of the world’s proved hydrocarbon reserves.  (File photo)
March 5th, 2017 - 10:00 GMT

Russia's Lukoil eyes operations expansion in Middle East

Headquarters of the IDB in Jeddah, Saudi Arabia.  (File photo)
March 5th, 2017 - 09:00 GMT

Islamic Development Bank charts three-year plan for Arab-African trade

The ICM is a leading global credit investment platform, managing funds which invest primarily in senior secured corporate debt issued by mid and large-cap corporates in Western Europe and the US. (File photo)
March 5th, 2017 - 08:00 GMT

Investcorp's acquisition of 3i Group debt management subsidiary brings assets to $21.4B

RHIA can currently accommodate 5 million passengers while the number of passengers surpassed 9 million, according to Public Works and Transport Minister Youssef Fenianos. (Wikimedia Commons)
March 5th, 2017 - 07:00 GMT

Lebanon signs agreement with MEA for feasibility study of international airport expansion

The railway industry now stands on the brink of great change with increasing innovation and disruption in transport sector.  (Shutterstock)
March 5th, 2017 - 06:09 GMT

Middle East Rail 2017 promotes WEF's Vision for Arab Employment Initiative

The Cabinet endorsed a new process for issuing visas for Sudanese and Yemeni nationals to enter the Kingdom, in a bid to promote the medical tourism sector. (Fotolia)
March 5th, 2017 - 05:18 GMT

'Amman Declaration' to boost medical tourism investment in Jordan

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