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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 majority of assembly members won their seats on November 25 by vowing to reject government austerity measures that impact Kuwaiti citizens. (AFP/Amr Ahmad)
December 12th, 2016 - 12:00 GMT

Kuwait: Infrastructure and austerity expected as part of new economic plan

 
Kurdistan Prime Minister Nechirvan Barzani called the deal as a significant step that will help improve the daily lives of the citizens of Erbil and Sulaimani. (File photo)
December 12th, 2016 - 11:00 GMT

UK's Biwater secures $1.2B water infrastructure contract in Kurdistan


The bulk of the cuts—300,000 barrels a day—have been pledged by Russia, which produces more crude oil than any other country. (Shutterstock)
December 12th, 2016 - 10:00 GMT

Oil prices surge after non-OPEC countries join production cut

The talent requirements for finance and tax professionals will exponentially increase as the VAT rollout approaches.  (Shutterstock)
December 12th, 2016 - 09:00 GMT

VAT implementation will generate thousands of finance jobs in the UAE

Egypt devalued the currency by about a third from the former peg of 8.8 against the dollar and allowed it to drift lower. (File photo)
December 12th, 2016 - 08:00 GMT

Egyptian pound needs time to find equilibrium: Sisi

16 per cent of the electricity consumption in Jordan is drawn by the water sector. (File photo)
December 12th, 2016 - 07:00 GMT

Jordan inks $250M World Bank loan for water and energy sectors

The feasibility study is in its fifth week now and apart from looking at route alignment and right-of-way issues, it is also exploring ways to integrate with the existing master plans for 2020 and 2030. (File photo)
December 12th, 2016 - 06:00 GMT

Double the distance: 40 km Hyperloop network projected for Expo 2020

Boeing also received a license to help Iran Air find 29 other Boeing aircraft from leasing companies. (File photo)
December 12th, 2016 - 05:23 GMT

Boeing finally closes $16.6B deal for jets to Iran

The integration process is planned to start immediately and is expected to be completed within the next 12 months. (File photo)
December 11th, 2016 - 01:10 GMT

LNG giant Qatar Petroleum to merge RasGas and Qatargas

Demand could decline if US interest rates move higher and if the Chinese yuan depreciates in a disorderly fashion. (File photo)
December 11th, 2016 - 12:20 GMT

Global oil market to enter deficit in 2017: BoA Merrill Lynch

The Smart Cities Council includes a global network of smart city practitioners and innovators dedicated to improving the livability, workability and sustainability of the world’s cities. (Shutterstock)
December 11th, 2016 - 10:23 GMT

Oman to host Smart City Summit in 2017

Headquarters of the International Labour Organization in Geneva, Switzerland. (ILO)
December 11th, 2016 - 09:00 GMT

International Labour Organization to boost cooperation with GCC under new activity plan

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