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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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Minister of Planning and International Cooperation Imad Fakhoury signs a loan agreement with Japan’s Ambassador to Jordan Shuichi Sakurai. (Jordan Times)
December 22nd, 2016 - 05:27 GMT

Jordan receives $254M soft loan from Japan

Unilever’s new facility was completed in 18 months with 2.8 million man hours and zero safety incidents.
December 21st, 2016 - 01:00 GMT

FMCG giant Unilever opens $272M manufacturing plant in Dubai


Under the new rules, the visa length has also been reduced to a maximum of ten days, non-extendable. (File photo)
December 21st, 2016 - 11:41 GMT

Oman tightens tourist visa restrictions on expat women

12 people died and 48 people were injured when a truck rammed into a Berlin Christmas market in a suspected terror attack. (AFP/File)
December 21st, 2016 - 10:00 GMT

Will terror attacks damper Arabs' appetite for European holidays?

Egypt received the first tranche of the loan, worth $1 billion, in September. (File photo)
December 21st, 2016 - 09:00 GMT

Egypt: World Bank to release second billion-dollar loan tranche

The wave in favor of data usage seems to be modifying the ICT market’s dynamics in Lebanon. (Pixabay)
December 21st, 2016 - 08:00 GMT

Lebanon's IT sector is fastest-growing segment of the economy

Qatari women represent about half of the national workforce, or 91,000 working age individuals.  (AFP/Valery Hache)
December 21st, 2016 - 07:00 GMT

Qatarization schemes are failing women: Study

Under the deal, Syrian refugees have been exempted from work permit fees and they will continue to have  refugee-status and receive aid from the UNHCR. (File photo)
December 21st, 2016 - 06:00 GMT

Jordan companies begin compliance process under new EU exports deal

As smart devices are increasingly becoming part of everyday life for most people in the digital age, it is essential for the banking sector to become more innovative to enhance its productivity. (Shutterstock)
December 21st, 2016 - 05:18 GMT

FinTech essential, not an option for Islamic banking: EY

The potential merger would combine the key strengths of the three banks, in the areas of retail and private banking, services to corporates and government institutions, Sukuk capital markets and wealth and asset management. (Masraf Al Rayan)
December 20th, 2016 - 01:00 GMT

Qatar bank trio in potential merger talks

CEO of DXB Entertainments, said that plans for a fifth park are still at the rudimentary stage. (Shutterstock)
December 20th, 2016 - 12:00 GMT

Recurring theme: Dubai Parks and Resorts explores possibility of fifth park

In October, President Recep Tayyip Erdogan drove the first car through the tunnel. (Anadolu Agency)
December 20th, 2016 - 11:00 GMT

Istanbul's $1.3B Eurasia Tunnel set to open to the public

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