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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 joint ventures with Nabors and Rowan are part of a strategy to develop a best-in-class drilling industry in Saudi Arabia. (YouTube)
December 15th, 2016 - 10:00 GMT

Saudi Aramco signs new drilling JV with Nabors and Rowan

Under the current system, expats are banned for going to some hospitals in the morning unless it is an emergency. (File photo)
December 15th, 2016 - 09:00 GMT

Kuwait: China Metallurgical Group Corporation to build two expat hospitals for $530.8M

King Abdulaziz International Airport (Jeddah, Saudi Arabia) started its three-stage development with a budget of over US$1.5 billion, with the goal of catering to over 30 million passengers. (File photo)
December 15th, 2016 - 08:00 GMT

GCC states spending $100B in airport expansions to meet passenger demand

Alkholifey said the issuance of the currency represents a bright picture of the economic development realized in different periods of the nation’s history. (YouTube)
December 15th, 2016 - 07:00 GMT

Saudi Arabia's new banknotes and coins to go into circulation December 26

The minister highlighted plans to increase the number of e-government services to 350 by 2019. (Shutterstock)
December 15th, 2016 - 06:00 GMT

Jordan: E-government services fail to catch on with the public

Petrofac has a long track record in Iraq, helping with the export of more than 1.5 billion barrels of oil over the past four years. (File photo)
December 15th, 2016 - 05:13 GMT

Iraq to reach 'export milestones' with Petrofac's $75M oil facility expansion

The Breakthrough Energy Coalition shows that clean energy and economic development are not mutually exclusive. (Arab Times)
December 14th, 2016 - 01:00 GMT

Saudi Prince Al Waleed donates $50M to Bill Gates' Breatkthrough Energy Ventures initiative

Former UK prime minister David Cameron, and former CIA chief Leon Panetta, discuss the main global political forecasts for 2017 in a session moderated by Becky Anderson of CNN. (Twitter/Arab Strategy Forum)
December 14th, 2016 - 12:00 GMT

Arab Strategy Forum Dubai: David Cameron, Leon Panetta, Nabil Fahmy to headline

If approved by Congress, the equipment will allow Kuwait to modernize its fleet of M1A2 tanks. (Wikimedia Commons)
December 14th, 2016 - 11:03 GMT

Kuwait edges closer to $1.7B US tanks and weapons deal

Abu Dhabi continues to have some of the highest rents in the region and world.
December 14th, 2016 - 10:00 GMT

Abu Dhabi tenants celebrate reinstatement of five percent rental cap

A third plane purchase contract was expected to be concluded with Japan’s Mitsubishi Aircraft Corporation shortly after the finalization of the contract with Airbus. (File photo)
December 14th, 2016 - 09:00 GMT

Iran expects delivery of first batch of Airbus planes by March 2017

OPEC's production agreement enters into force in January, though producers are already pumping oil at record levels. (File photo)
December 14th, 2016 - 08:00 GMT

IEA cautions against high-risk oil investment in wake of OPEC deal

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