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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 Shamoon malware that infected the ministry’s systems is believed to be responsible for a similar cyberattack on state oil giant Saudi Aramco in 2012.  (Shutterstock)
February 1st, 2017 - 09:00 GMT

A week on, Saudi labor ministry continues to face disruptions from cyber attack

In 2016, the Dubai market registered the highest RevPAR of $200, followed by Jeddah, which registered a RevPAR of $196. (Shutterstock/Esherez)
February 1st, 2017 - 08:00 GMT

Middle East hospitality market witnessed drop in RevPAR in 2016: EY

STC was assigned a global ranking of 252, rising 11 per cent during 2016 to $6.2 billion, as per Brand Finance's calculations.  (Rediff)
February 1st, 2017 - 07:00 GMT

Saudi Telecom voted most valuable Arab brand, bypassing UAE firms

In addition to electricity reform, the IMF report argued for increasing revenue with fuel taxation and called for legislation to increase private sector investment.  (Shutterstock)
February 1st, 2017 - 06:00 GMT

IMF calls for 'plausible policy mix' to reduce Lebanon's mounting debt

Prices of oil derivatives on the local market are calculated based on international prices, with the addition of other costs such as shipment, handling and taxes. (Shutterstock)
February 1st, 2017 - 05:22 GMT

Jordan hikes fuel prices by up to eight percent

Just like du, Virgin Mobile will use the network, IT and other infrastructure of EITC.  (AndroidHeadlines.com)
January 31st, 2017 - 01:10 GMT

Virgin Mobile to target niche market with UAE debut

Aviation relies on very skilled staff for almost all of the work that is done and the talent pool available is not infinite. (AFP/Don Emmert)
January 31st, 2017 - 12:00 GMT

Trump's visa ban to negatively impact aviation industry


Typically if a tenant decides to leave a property before the end of the contract, he/she pays around two or three months' worth of rent to the landlord. (Shutterstock)
January 31st, 2017 - 11:02 GMT

Oman: Short-term expat workers caught in debt by long-term tenancies

The labor office must consider finding alternative jobs for laid off Saudi staff at the current firm or any other firms belonging to the employer.  (AFP/Fayez Nureldine)
January 31st, 2017 - 10:05 GMT

Saudi labor ministry issues directive to prevent mass layoffs

Detail of ancient arabic carving, La Alhambra, Granada, Spain. (Shutterstock)
January 31st, 2017 - 08:00 GMT

Growing interest in Islamic finance at European business schools

King Salman and Donald Trump discussed the importance of enhancing economic, security and military cooperation.  (AFP/Fayez Nureldine)
January 31st, 2017 - 07:00 GMT

Saudi Arabia's King Salman takes Trump's call, approves VAT and selective taxes

Event preparations are on track with the majority of construction activities to be completed a full year ahead of the event opening in October 2020.  (Flickr/Jimmy Baikovicius)
January 31st, 2017 - 06:00 GMT

Dubai's Expo 2020 to award $101M in construction and non-construction deals

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