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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 finance for this water project is also in response to Jordan’s call to help in dealing with the consequences of the Syrian crisis. (AFP/File)
December 1st, 2016 - 08:00 GMT

France grants Jordan $140M soft loans for finance, water sectors

The Coca-Cola beverages produced in the new bottling plant will be distributed in Gazan communities through 18 branded trucks which will move from city-to-city and from village-to-village. (Flickr)
December 1st, 2016 - 07:00 GMT

Coca-Cola inaugurates $20M bottling plant in Gaza

Banking sources estimated CI Capital's market value at near 1 billion Egyptian pounds ($56 million). (File photo)
December 1st, 2016 - 06:00 GMT

Egypt's Commercial International Bank close to finalising sale of CI Capital

The deal promises to revive the tattered finances of countries from Venezuela to Libya and restore flagging confidence in the producer bloc that controls 40 per cent of the world’s oil. (File photo)
December 1st, 2016 - 05:04 GMT

OPEC agrees to first output cut deal in eight years

The ministry has received many complaints from domestic workers about how they are treated by their employers, as well as from households employing domestic workers. (AFP/File)
November 30th, 2016 - 12:30 GMT

Lebanon shutters nearly 200 domestic worker recruitment agencies over illegal labor practices

A key factor behind declining construction costs has been the lower profit margins charged by building contractors. (File photo)
November 30th, 2016 - 11:30 GMT

Easing price drops do not spell recovery in troubled Saudi construction market

The UK flight ban was put in place after the October 2015 crash of a Russian airliner in Sinai shortly after it took off from Sharm El-Sheikh. (File photo)
November 30th, 2016 - 10:30 GMT

UN World Tourism Organization urges UK to resume flights to Sharm El Sheikh

The Anglo-Dutch is the operator of the giant Majnoon field near Basrah in southern Iraq which started production in 2014. (Shell)
November 30th, 2016 - 09:30 GMT

More trouble than it's worth? Shell considers divestment of Iraqi oil assets

Sadara's first phase commenced operations in 2015, and the remaining operating units are scheduled for completion by the end of 2016. (File photo)
November 30th, 2016 - 08:30 GMT

Saudi Aramco partners with Dow Chemicals, Total for Jubail Industrial City chemical complex

An automated system can streamline the recruitment process and combat hidden trade. (File photo)
November 30th, 2016 - 07:30 GMT

Omanization in focus under proposed online recruitment system

According to the PIF, Alabbar's Adeptio acquired earlier 67% of Kuwait Food Co (Americana). (File photo)
November 30th, 2016 - 06:30 GMT

Saudi sovereign wealth fund to acquire half of Alabbar's Adeptio

In 2014, Egypt embarked on a plan to introduce a number of fiscal reforms, including fuel subsidy cuts that increased prices up to 78 percent, as well as imposing new taxes to ease a growing budget deficit. (File photo)
November 30th, 2016 - 05:25 GMT

Subsidies reappear in Egypt's second phase of reforms

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