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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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Turkey is a rising regional hub for manufacturers. (File photo)
November 10th, 2016 - 01:00 GMT

Does Turkey provide a successful environment for business growth?

Reach 2025, seeks to digitize Jordan's economy and create some 150,000 new digital jobs by 2025. (File photo)
November 10th, 2016 - 11:00 GMT

Jordan: New initiative seeks to build 150,000 jobs in 9 years

A handout image released by the media office of Sheikh Mohammed bin Rahid al-Maktoum, the ruler of Dubai, on Nov 9, 2016 shows a view of the "Dubai Water Canal".  (AFP/File)
November 10th, 2016 - 10:00 GMT

A grand opening for Dubai water canal

The Saudi government has launched  government has launched both Vision 2030 and the National Transformation Plan 2020. (File photo)
November 10th, 2016 - 09:00 GMT

Is a sustainable future in store for Saudi Arabia?

Republican presidential elect Donald Trump speaks during election night at the New York Hilton Midtown in New York. (AFP Photo/Jim Watson)
November 10th, 2016 - 08:00 GMT

Global markets still in chaos following Trump’s election victory

Turkey’s growth forecasts for 2016 and 2017 have lowered due to a decline in tourism income and the July 15 foiled coup. (AFP/File)
November 10th, 2016 - 07:11 GMT

Turkey’s forecast growth decreased by the European commission

On the currency markets, the dollar tumbled about 2 per cent against major global currencies as Trump supporters celebrated his victory over Democrat candidate Hillary Clinton. (AFP/Daniel Rowland)
November 9th, 2016 - 12:00 GMT

Stocks plunge as Trump win presents 'horror scenario' for financial markets

The plans will likely prove controversial after an attempt to cut perks and benefits at state-owned oil companies resulted in a three-day strike by employees earlier this year. (AFP/File)
November 9th, 2016 - 11:00 GMT

Kuwait to attempt to impose public sector wage cuts, again

Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal have been halted until further notice, suggesting a deepening rift between the two countries. (Shutterstock)
November 9th, 2016 - 10:00 GMT

Egypt turns to international spot market in the absence of Aramco oil deliveries

The study, conducted with consulting firm McKinsey and engineering design firm Bjarke Ingels Group, will work on proposed routes, designs and costs. (Hyperloop)
November 9th, 2016 - 09:00 GMT

Dubai hopes to be first city with working Hyperloop system in 2020

The ministry hopes that the attachés will fully organize the recruitment market and clean it of brokers. (File photo)
November 9th, 2016 - 08:00 GMT

Saudi Arabia to field labor attachés in seven countries where it hires workers

For Total, Chairman and CEO Patrick Pouyanne said it's a return to business that started more than 10 years ago. (File photo)
November 9th, 2016 - 07:00 GMT

Total signs agreement to develop Iran's massive natural gas complex

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