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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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Since 1995, the Egyptian government has widely interfered in determining medicine prices through providing financial subsidies to the manufacturers. (Shutterstock)
November 17th, 2016 - 09:30 GMT

Egypt addresses acute medicine shortage with imports, subsidies

Since the nationalization of Aramco in the 1980s, Saudi Arabia has consistently said the country’s proven oil reserves stand at 260 billion barrels. (File photo)
November 17th, 2016 - 08:30 GMT

Saudi oil minister vows transparency in run up to Aramco IPO

The mission, in its concluding statement, also expected the investment in infrastructure to push the economic growth in the medium term. (Shutterstock)
November 17th, 2016 - 07:30 GMT

Kuwait's non-oil sectors to enjoy 'gradual revival': IMF

As of June 30, 2016, HSBC Bank Middle East Limited had three branches in Lebanon and approximately $953 million in total assets. (File photo)
November 17th, 2016 - 06:30 GMT

BLOM's HSBC Lebanon acquisition comes closer to fruition

The project aims to meet the transportation demand of 13.9 million passengers annually by 2025 from the current 5.6 million.  (Worldbulletin.net)
November 17th, 2016 - 05:33 GMT

Islamic Development Bank grants Turkey $334M for high-speed train network

Cyber-attacks not only cost the organization significant sums in lost revenues, sometimes multi-millions of dollars, but can also cause irreparable reputational damage. (Shutterstock/Oneinchpunch)
November 16th, 2016 - 01:00 GMT

Lax defenses leave Gulf companies vulnerable to cyberattack: YouGov

Starz Play Arabia's portfolio of movies and TV series includes shows such as Showtime’s Billions, Vikings, Grey’s Anatomy, Top Gear, Quantico and The Walking Dead. (Starz)
November 16th, 2016 - 12:00 GMT

Starz Play Arabia secures multi-million dollar finance for expansion

Boeing received a Treasury license to sell 80 planes to Iran in June but is still negotiating sales. (File photo)
November 16th, 2016 - 11:00 GMT

US Republicans continue their push to block aircraft sales to Iran

The agreement comes as Qatar prepares to dramatically increase the number of labourers working on World Cup projects from around 10,000 to more than 30,000 over the next year. (File photo)
November 16th, 2016 - 10:00 GMT

Qatar agrees to World Cup site inspections as it prepares to triple number of migrant workers

In the Middle East, Dubai has been the most innovative on solar power. (Shutterstock)
November 16th, 2016 - 09:00 GMT

Saudi Arabia and Russia could lead push to diversify energy resources: WAM

The aim of the program is to enable youth to create their own jobs. (File photo)
November 16th, 2016 - 08:00 GMT

Jordan allocates $35M to target youth unemployment

Mansour noted that demand for real estate would pick up when concrete changes took place in Lebanon, such as the end of the Syria war, a drop in unemployment rates, and an increase in tourists. (Shutterstock)
November 16th, 2016 - 06:36 GMT

'Too soon' to expect an improvement in Lebanon's real estate sector

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