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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 meeting was reportedly postponed on news that participation of the EU companies was weak. (File photo)
January 24th, 2017 - 11:05 GMT

Jordan-EU meeting on 'EU rules of origin' trade deal postponed indefinitely

Tourism development as part of an economic diversification strategy has helped drive demand for the food-service sector.  (AFP/Patrick Baz)
January 24th, 2017 - 10:00 GMT

Growing market, growing waistlines? GCC fast food segment worth $20B last year

Since being founded in 2012, the END Fund has raised more than $70m and supported the treatment of 100 million people at risk of neglected tropical diseases. (Shutterstock)
January 24th, 2017 - 09:00 GMT

Alwaleed Philanthropies donates $3M to END Fund to fight tropical diseases

The Australian CEO oversaw rapid growth of Etihad Airways, including the development of seven airline equity partnerships. (File photo)
January 24th, 2017 - 08:00 GMT

Etihad Aviation Group CEO James Hogan to step down after ten-year tenure

The aircraft are currently based in Abu Dhabi’s Al Bateen Airport, and only fly to destinations in the GCC region as they cannot fly longer than around three hours. (GI Aviation)
January 24th, 2017 - 07:00 GMT

Luxury for less: GI Aviation debuts cut-price private jets

Nazaha said it found irregularities in eight contracts worth more than SR80 million, which were intended to purchase licenses to implement an electronic program to unify the company’s systems. (Shutterstock)
January 24th, 2017 - 06:00 GMT

Saudi Electricity Company employees embroiled in $21M corruption case

Sheikh Adel Aujan (right), chairman, Aujan Group Holding, and Muhtar Kent, chairman and CEO, The Coca-Cola Company, celebrate the billionth can of Rani produced under their partnership. (Coca-Cola)
January 24th, 2017 - 05:32 GMT

'King of Vimto and Rani', Saudi businessman Sheikh Adel Aujan dies

In October last year, RTA signed an agreement with Dubai-based Careem to allow the public to book the RTA's fleet of about 9,800 taxis via the Careem app. (File photo)
January 23rd, 2017 - 01:30 GMT

Dubai's RTA distances itself from Careem fare hike

The Muslim market, 72 per cent of which originated from OIC countries, is the second largest travel market next only to China ($168 billion) and ahead of the United States ($147 billion). (Shutterstock/Anton Gvozdikov)
January 23rd, 2017 - 12:30 GMT

UAE, Malaysia, Turkey top halal travel destinations: Global Islamic Economy report

From January, Starz Play will have access to hit TV shows such as superhero show The Flash, fantasy comic series DC’s Legends of Tomorrow, action-adventure Supergirl, and the mysterious crime drama Blindspot. (Screenshot)
January 23rd, 2017 - 11:30 GMT

Starz Play Arabia expands portfolio with landmark Warner Bros deal

HyperloopTT chairman and co-founder Bibop Gresta said the backing meant the company had surpassed $100m in investment. (Live science)
January 23rd, 2017 - 10:30 GMT

Abu Dhabi-Al Ain hyperloop route gets royal backing

The SABIC-Shell joint venture includes six world-scale petrochemical plants with a total output of more than 4m metric tons per year. (File photo)
January 23rd, 2017 - 09:30 GMT

SABIC buys out Shell's share in petrochem joint venture

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