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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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Lionhorn boasts more than 20 years of experience as the Developmental Licensee (DL) for the nearly 100 McDonald's restaurants in the Western and Southern regions of Saudi Arabia. (Twitter)
December 4th, 2016 - 12:00 GMT

Saudi Arabia's Lionhorn acquires franchise rights to McDonald's Singapore, Malaysia

Copper cables have the capacity to provide users with a maximum internet speed of 8 megabytes per second, while fiber optics can provide households with an average of 100 megabytes per second.
December 4th, 2016 - 11:00 GMT

Lebanon: 85 percent of population will have fiber optic service by 2017

Eventually, up to 2 billion cubic metres of seawater will be transferred from the Red Sea to the Dead Sea annually under the Red-Dead project. (Shutterstock)
December 4th, 2016 - 10:00 GMT

Jordan raises $400M for first phase of Red-Dead project

The halal market includes not only food products and food services, but also pharmaceuticals, cosmetics, personal care products, and banking. (Shutterstock)
December 4th, 2016 - 08:00 GMT

International companies ramp up investment in halal food industry

The investment vehicle will be seeded with two of DP World’s Canadian container terminals, with CDPQ acquiring a 45 percent stake of the combined assets.
December 4th, 2016 - 07:00 GMT

DP World partners with Quebec's Caisse to create $3.7B investment platform

Tadawul’s previous sector classification had limitations as it was not based on global classification standards. (File photo)
December 4th, 2016 - 06:08 GMT

Saudi Tadawul to comply with Global Industry Classification Standard

In May, the General Authority for Petroleum announced an international tender for 11 oil and natural gas blocks in the western desert and Gulf of Suez. (File photo)
December 4th, 2016 - 06:00 GMT

Egypt receives bids worth $200M for oil and gas exploration

Impression of Mina Sultan Qaboos Waterfront Project. (OmanGBNews)
December 1st, 2016 - 02:01 GMT

Oman pushes through with waterfront development - with or without partners

Careem has experienced rapid growth since its lauch four years ago. (File photo)
December 1st, 2016 - 12:00 GMT

Careem eyes expansion in 15 MENA cities

The new group will seek to encourage self-regulation among advertisers, agencies and publishers. (Flickr/Elvert Barnes)
December 1st, 2016 - 11:00 GMT

Conscientious: Advertising Business Group to promote ethical advertising in MENA

Algerian Prime Minister Abdelmalek Sellal: Tunisian Assembly President Mohamed Ennaceur; the Emir of Qatar, Tamim bin Hamad al-Thani; Tunisian President Beji Caid Essebsi, French Prime Minister Manuel Valls and Tunisian Prime Minister Youssef Chahed at Tunisia 2020.  (AFP/Fethi Belaid)
December 1st, 2016 - 10:00 GMT

Tunisia 2020 investment conference: 145 mega projects on offer

Al-Rajhi Bank is the largest Islamic bank in the world, with assets of SR331.4 billion ($88 billion) at the end of first half of 2016. (Al Rajhi Bank)
December 1st, 2016 - 09:00 GMT

Saudi Islamic banks stable, but profitability will remain under pressure: Fitch

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