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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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Many think that a Trump win could lead to geo-political uncertainties, protectionism, triggering a jump in the safe haven asset. (File photo)
November 9th, 2016 - 06:46 GMT

Prospect of Trump victory sparks gold rush

Should there be a Trump win, the sell-offs in global markets will be compounded by the markets having priced in a Clinton victory and were wrong. (AFP/William West)
November 9th, 2016 - 05:56 GMT

Global markets in shakeup as Trump surges in key states

Egyptian authorities dealt with the crisis in a way that didn't consider ordinary citizens, who will face great pressure as a result of the policies, the ECESR said. (AFP/File)
November 8th, 2016 - 02:00 GMT

Egypt's recent austerity measures are 'an economic war on the poor': ECESR


According to government statistics, most expat workers who come to Oman do so to work in the construction and auto industries. (Times of Oman)
November 8th, 2016 - 01:00 GMT

Oman: Higher work visa fees to boost government coffers by $384M annually

There is a slowdown in completion rate in Abu Dhabi compared to 2015 due to the current market conditions. (Shutterstock)
November 8th, 2016 - 12:00 GMT

Abu Dhabi property developers follow Dubai project slowdowns

The rise in municipal waste alone is expected to push the market potential up by 1.5 to 2 times in the next five years, said the study by Frost and Sullivan. (Shutterstock)
November 8th, 2016 - 11:00 GMT

A load of rubbish: GCC waste to reach 120 million tons a year by 2020

A committee headed by Deputy Crown Prince Mohammed bin Salman announced the payment package on Monday. (File photo)
November 8th, 2016 - 10:00 GMT

Saudi Arabia to clear its debts to private firms by next month: Deputy Crown Prince

During the current session, the ministers will honor outstanding companies and institutions in the field of localizing and nationalizing jobs in GCC and the leading projects in fields of social work. (Shutterstock)
November 8th, 2016 - 09:00 GMT

GCC ministers mull establishment of regional body for charitable works

OPEC’s secretary general Mohammad Barkindo speaking at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) on Sunday. (AFP/Nezar Balout)
November 8th, 2016 - 08:00 GMT

OPEC remains 'committed' to output deal: Barkindo

The comprehensive development plan of Hatta area involves three main areas: economic and service sectors, tourism and sports, and culture and education. (Twitter/Dubai Media Office)
November 8th, 2016 - 07:00 GMT

Dubai launches ten-year tourism development plan for Hatta

King Abdullah's talks with Bezos also addressed the future plans of Amazon.com, as well as the ability of Jordan, as a regional ICT hub, to attract investments in this sector. (Twiiter/Royal Hashemite Court of Jordan)
November 8th, 2016 - 06:03 GMT

Amazon.com founder Jeff Bezos praises Jordan's investment climate on visit to Amman

According to Globaleye VP Stefan Terry, this US election is really affecting investments, probably more than any other election. (AFP/Molly Riley)
November 7th, 2016 - 01:00 GMT

What would a Trump presidency mean for the UAE dirham?

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