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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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Part of the famous Nubian sandstone quarries by Gebel el-Silsila in Upper Egypt has recently been made accessible to visitors by a short "tourist path". (Quarryscapes.no)
January 26th, 2017 - 05:10 GMT

Egypt appeals for $400M in World Bank project financing

The initiative – part of Dubai’s Plan 2021 – aims to increase the contribution of SMEs to the emirate’s GDP. (Shutterstock/Mikadun)
January 25th, 2017 - 12:00 GMT

Dubai introduces SME classification system to support financing

THe NBI was launched as “a forum for consultation and coordination among the Basin States for the sustainable management and development of the shared Nile water and related resources." (Shutterstock)
January 25th, 2017 - 12:00 GMT

Egypt mulls return to the Nile Basin Initiative

Headquarters of the Central Bank of Sudan. (CBOS)
January 25th, 2017 - 11:00 GMT

Abu Dhabi Fund donates $400M to Central Bank of Sudan

With Trump considering measures to tighten border security, he could turn his attention to the refugee issue later this week.  (AFP/Nicholas Kamm)
January 25th, 2017 - 10:00 GMT

Trump expected to issue executive order to block refugees from 'dangerous' Muslim countries


To score business conditions, the index looked at the strength of the service sector, urbanisation, security, foreign investment, wealth distribution, and the levels of bureaucracy and regulation confronted by businesses.
January 25th, 2017 - 09:00 GMT

Gulf countries dominate top ten on emerging market logistics index

The return to normalcy, election of the president and creation of a government will encourage investors and depositors to pump money in Lebanon again, an economist predicted. (File photo)
January 25th, 2017 - 08:00 GMT

Lebanon: Capital inflows expected to rise by 20 percent in 2017

The unique floating architectural structure is set to become a major future landmark in Dubai's cityscape. (Marasi)
January 25th, 2017 - 07:00 GMT

Dubai: Finland's Admares awarded contract for Marasi Business Bay's floating homes

The bonds will be listed on the Luxembourg Stock Exchange. (AFP/File)
January 25th, 2017 - 06:25 GMT

Egypt gears up for triple-tranche Eurobond issue

Real Madrid products will be sold in Paris 68, Marka's new retail-concept store that will start operating this year. (YouTube)
January 25th, 2017 - 05:23 GMT

Dubai's Marka inks exclusive licensing deal for Real Madrid merchandise in GCC

The lobbyists have accused Emirates of "flagrantly violating" the air services agreement that allows it to fly to the United States. (Wikipedia)
January 24th, 2017 - 01:00 GMT

Emirates' Dubai-Athens-Newark flight reignites subsidy row with US

Egypt's tourism industry has been hard hit by the crash of the Russian jetliner as well as international flight suspensions by to Sharm al-Sheikh. (AFP/Mohamed el-Shahed)
January 24th, 2017 - 12:00 GMT

Germany lifts remaining restrictions on flights to Sharm El Sheikh

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