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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 new Al Maktoum International Airport is planned to become the primary airport for Dubai, as well as the home to Emirates airline from 2025. (AFP/File)
November 2nd, 2016 - 12:00 GMT

Dubai secures $3B to finance airport expansion

A.T. Kearney’s research found that one-third of GCC customers are willing to pay for faster Internet or a more holistic customer service. (File photo)
November 2nd, 2016 - 10:00 GMT

GCC trumps US, Europe in mobile internet and app use

Work is in progress to boost the services provided for Gulf citizens in the field of retirement and social protection.   (Shutterstock)
November 2nd, 2016 - 10:00 GMT

Pan-GCC insurance system will encourage freedom of work and movement: Saudi labor minister

Public subsidies and fiscal aid are estimated to cost the country $3bn in the current fiscal budget, or about 5 per cent of projected spending. (Shutterstock)
November 2nd, 2016 - 09:00 GMT

Kuwait refutes reports that it will cut public subsidies

In the past weeks, severe sugar shortages hit the Egyptian market prompting talk of a crisis and pushing the state to rapidly increase imports despite an acute dollar shortage and soaring global prices.
November 2nd, 2016 - 08:00 GMT

Egypt raises subsidized sugar prices by 40 percent as stocks dwindle

The Urban Heritage Administration Center will house the permanent headquarters for the Heritage Museum. (Inhabitat.com)
November 2nd, 2016 - 07:00 GMT

Zaha Hadid Architects to design Saudi heritage center in Diriyah

Flight diversions and extensive holdings relating to drone activity are costly, inconvenience passengers and damage Emirates’ reputation. (File photo)
November 2nd, 2016 - 06:00 GMT

Millions lost due to illegal drone disruption at Dubai airports: Emirates

Egypt welcomed only 300,000 tourists in 2015 compared to two million in previous years.  (YouTube)
November 2nd, 2016 - 05:10 GMT

Will Egypt's new marketing campaign in Italy bring tourists back?

Kuwait plans to end subsidies by 2020. (File photo)
November 1st, 2016 - 01:00 GMT

Kuwait under financial strain with subsidies to stop by 2020

Lebanese President Michel Aoun posing with the presidential medal at the presidential palace of Baabda, east of Beirut on October 31, 2016. (AFP/File)
November 1st, 2016 - 11:00 GMT

Optimism for Lebanese businesses following election of new president

The recent “Doing Business 2017” offers mixed results for the six Gulf economies. (File photo)
November 1st, 2016 - 10:00 GMT

Three Gulf countries slip in "Doing Business" rankings

In a royal decree announced on state television, Al-Assaf was made minister of state and will remain a member of the Council of Ministers, known as the Saudi Cabinet. (SPA)
November 1st, 2016 - 09:00 GMT

Saudi Arabia's finance minister dismissed after a decade on the job

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