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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 100-bed facility is due to open in 2018 at Dubai Hills within Mohammed bin Rashid City under a joint venture between Al Tayer Group Dubai Investments and UK-based Ashmore Group. (Gulf Business)
December 11th, 2016 - 08:00 GMT

London's King's College Hospital in Dubai to target locals, medical tourists

An Austrian soldier stands guard outside the OPEC headquarters on the eve of the 171th meeting of the Organization of the Petroleum Exporting Countries in Vienna. (AFP/Joe Klamar)
December 11th, 2016 - 07:00 GMT

OPEC, non-OPEC producers strike first global oil cutback deal in over ten years

Trump has made millions of dollars from his deals with Saudi Arabia, which included leasing an apartment to former al-Qaeda boss Osama bin Laden’s half-brother. (AFP/Drew Angerer)
December 11th, 2016 - 06:00 GMT

Trump shuts down four companies tied to Saudi Arabia

The sale has raised huge concerns about a major part of UK infrastructure being sold to foreign investors. (Shutterstock)
December 11th, 2016 - 04:55 GMT

Qatari fund leads consortium in purchase of critical UK National Grid gas pipeline

The recruitment of aviation personnel in MENA will be one of the largest in the world. (File photo)
December 8th, 2016 - 12:00 GMT

For work, look to the skies: Boeing predicts 200,000 new aviation jobs in MENA

Saudi Arabia and Kuwait will cut output from their producing oil fields to allow for any increase from the Wafra and Khafji fields between the two countries. (AFP/File)
December 8th, 2016 - 11:00 GMT

Saudi-Kuwait oil drilling in Neutral Zone to resume after two years' suspension

Family businesses, which constitute up to 85 percent of the private sector, play a big role in the economy and society.(Shutterstock)
December 8th, 2016 - 10:00 GMT

Lebanon: Family Business Network Levant launches to support SMEs

Passenger traffic in MENA is expected to grow between 7 per cent to 10 per cent per annum next year. (File photo)
December 8th, 2016 - 09:00 GMT

Air Arabia to boost operations to Oman

The 23rd World Islamic Banking Conference took place 5-7 December 2016 in Bahrain. (Twiiter/WIBC2016)
December 8th, 2016 - 08:00 GMT

Urgent need for training to support growth of Islamic finance: SAMA chief

As with other major cities in Saudi, Makkah is facing an acute shortage of affordable housing. (File photo)
December 8th, 2016 - 07:00 GMT

Mecca hotel industry is a gold mine, but residents are being squeezed out: JLL

Arab Bank is one of the largest privately owned banks in the Arab world. (File photo)
December 8th, 2016 - 06:03 GMT

Saudi Oger sells 20 percent stake in Jordan's Arab Bank

OPEC and other producers meet again during the weekend to discuss the terms of last week's agreement from Vienna.
December 8th, 2016 - 05:39 GMT

Oil prices continue to dip despite OPEC efforts

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