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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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European Commission Vice-President Jyrki Katainen, seen January 31, 2017, is in charge of jobs, growth, investment and competitiveness for the EU's executive arm.  (AFP/File)
February 2nd, 2017 - 02:00 GMT

Europe hoping to restart Gulf Free Trade talks

Saudi Oil Minister Khaled al-Falih. (AFP/File)
February 2nd, 2017 - 01:00 GMT

Saudi, Kuwait look to new oil investments in US under Trump

 Development Minister, Lutfi Elvan. (File photo)
February 2nd, 2017 - 12:00 GMT

Turkey’s an attractive country for foreign investments, says Development Minister

The UAE is looking to diversify its market beyond oil exports. (Shutterstock)
February 2nd, 2017 - 11:00 GMT

UAE’s non-oil trade in 2016 shows almost flat growth compared to 2015

The US previously implemented wheat grants in Jordan worth a total of $36 million.
February 2nd, 2017 - 10:04 GMT

Jordan signs deal to receive 100,000 tons of wheat from US in food aid

Tarek Amer, governor of the Central Bank of Egypt, speaks during a recent press conference in Cairo. (AFP/File)
February 2nd, 2017 - 09:48 GMT

Egypt’s Central Bank receives $4 billion from Eurobonds issuance

Last year, Etihad and Lufthansa started working together, and have since announced a code-share agreement that covers four routes. (Wikimedia)
February 2nd, 2017 - 07:00 GMT

Etihad and Lufthansa Airlines sign partnership including $100 million catering agreement

Telecom operators are all affiliated with companies abroad which means the response will be "swift". (File photo)
February 2nd, 2017 - 06:47 GMT

Jordanians boycott telecom services to protest potential fees on apps ‘Whatsapp’ and ‘Viber’

Major projects of Oman Oil Company include the Duqm gas pipeline, a mega crude storage facility at Ras Al Markaz and several other projects in Duqm free zone.  (Wikimedia Commons)
February 1st, 2017 - 01:00 GMT

Oman Oil announces billion-dollar investment in national projects

The 2016 results – which take Nakheel’s cumulative results since 2010 to Dh19.9 billion – follow improved year-on-year performances by the company’s retail, hospitality and residential leasing businesses. (File photo)
February 1st, 2017 - 12:00 GMT

UAE developer Nakheel announces record $1.35B net profit

Saudi Arabian Airlines’ (Saudia) domestic terminal will also shift to the new airport. (SPA)
February 1st, 2017 - 11:00 GMT

Airlines prepare for relocation to Jeddah's new airport

Egyptians consume an estimated 250,000 tons of sugar each month, according to Egypt’s Supply Ministry. (Shutterstock)
February 1st, 2017 - 10:00 GMT

Sugar high again: Egypt raises prices of subsidized sugar and cooking oil

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