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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 news follows reports earlier this year that female expats in the country were having trouble obtaining work visas. (File photo)
November 20th, 2016 - 12:00 GMT

Oman confirms tighter visa restrictions for foreign women

The Saudi government is expected to pay up to 80 percent of the total dues to contractors during the remaining few weeks of this year by disbursing another SR100 billion. (File photo)
November 20th, 2016 - 11:00 GMT

Saudi Arabia pays off $10.6M in debts to private contractors

Industry sources said the huge influx of visitors will surely give a much-needed boost to the tourism industry after a slow summer and sluggish demand from key markets. (Shutterstock/Maksym Poriechkin)
November 20th, 2016 - 10:00 GMT

Following completion of mega-projects, Dubai braces for tourist influx

The state-of-the-art facility is equipped with a Boeing 737 flight simulator and a full motion Airbus A330 simulator, where cabin crews are trained for emergencies. (File photo)
November 20th, 2016 - 09:00 GMT

Oman Air opens first flight training center

Egypt's ambassador to the UK suggested that the responsibility for the delay in resumption of flights to Sharm was due to top-level resistance. (File photo)
November 20th, 2016 - 08:00 GMT

Egyptian ambassador blames UK Prime Minister for blocking return of flights to Sharm El-Sheikh

OPEC agreed in Algeria on September to cut oil production to 32.5 million barrels a day (mb/d) from current level of 33.24 mb/d to boost the market. (File photo)
November 20th, 2016 - 07:00 GMT

Qatar announces talks with Iran, Iraq ahead of oil meet

Spain’s rail company Renfe, train maker Talgo, and state track operator Adif have extensive experience with the country’s own high-speed network. (AFP/Josep Lago)
November 20th, 2016 - 06:00 GMT

Saudi's Mecca-Medina high-speed train set to open in March 2018

Earlier this month, Egypt's central bank floated the pound and raised key interest rates, as part of a set of reforms aimed at alleviating a dollar shortage and stabilising the country's economy. (File photo)
November 20th, 2016 - 05:13 GMT

Sky high: EgyptAir pegs international ticket prices to the dollar

After the second $1 billion by January, the third chunk is expected to follow later in 2017. (File photo)
November 17th, 2016 - 01:07 GMT

Egypt to receive second billion-dollar installment from World Bank in January

In September, Novak met with Saudi Oil Minister Khalid al-Falih on the sidelines of the G20 summit in China to discuss ways to reverse a slide in crude oil prices. (AFP/File)
November 17th, 2016 - 12:00 GMT

Russian optimism on oil production talks raises hopes for Doha

As many as 49 road projects are planned, worth $5.43 billion, in addition to roundabouts, flyovers and tunnels. (Shutterstock)
November 17th, 2016 - 11:30 GMT

Oman to hit the road with $20B in transport infrastructure projects

The drop was more prominent in certain areas in Abu Dhabi, with high-end units on the Corniche seeing rates drop nine per cent year-on-year. (Shutterstock)
November 17th, 2016 - 10:30 GMT

Abu Dhabi's landlords under pressure to lower rents

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