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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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Following the agreement, Orange Jordan plans to expand its network in the country. (File photo)
October 31st, 2016 - 05:30 GMT

Jordan's telecoms commission settles dispute with Orange over 2G network renewal

Homes at the site were sold fro EUR150,000 ($163,885) to EUR160,000 but were never offered to locals, according to reports.  (Bosnia Today)
October 30th, 2016 - 01:00 GMT

Kuwaiti development in Bosnia draws ire from local villagers

Embraer has agreed to pay a $205.5m fine to settle an investigation by US and Brazilian authorities into bribery allegations in the Dominican Republic, India, Mozambique and Saudi Arabia. (File photo)
October 30th, 2016 - 12:00 GMT

Saudi Aramco confirms employee's involvement in Embraer bribery

The decline in investments has affected the economic cycle and the Lebanese employment and industrial sectors. (File photo)

 (File photo)
October 30th, 2016 - 11:00 GMT

Political crisis continues to take its toll on Lebanese economy: Minister

The current contribution of mining in Saudi Arabia's GDP is 2.5 percent. (Shutterstock)
October 30th, 2016 - 10:00 GMT

Saudi Arabia to increase investment licenses for mining sector

With 13 Chinese cities connected to Dubai with over 100 weekly flights, Chinese travellers to Dubai International are growing year on year. (VisionDubai.cn)
October 30th, 2016 - 09:00 GMT

Dubai Week in China concludes with 11 deals signed

The ownership structure of GCC banks where well established local private shareholders often control sizeable stakes, and foreign banks only hold minority stakes, is also a stumbling block to successful merger activity. (File photo)
October 30th, 2016 - 08:00 GMT

GCC banks resisting mergers despite pressures: Fitch

As far as companies whose financial year has already ended, it is clear that on their balance sheet date the laws only provide for income tax at 12 per cent. (Shutterstock)
October 30th, 2016 - 07:00 GMT

Oman's companies seek clarity on corporate income tax

The plant, which began operating around 10 months ago, contributes 20 per cent of the total power supply in the Kingdom. (Shutterstock)
October 30th, 2016 - 05:56 GMT

Jordan inaugurates natural gas plant in partnership with Egyptian FAJR

SaudiGulf Airlines  said the Riyadh operations will be followed by two daily flights to Jeddah starting from November 27. (File photo)
October 30th, 2016 - 05:31 GMT

New carrier SaudiGulf Airlines takes flight

Saudi Arabia was highlighted for its declining performance with its gender gap widening across the economic participation and opportunity subindex, especially relating to earned income. (Shutterstock)
October 27th, 2016 - 12:49 GMT

Gender equality: GCC economies among worst performing in overall index

The Belgian airliner, one of the six proprietary airlines in the German-based TUI Group, is the latest among European airlines to announce a resumption of flights to Sharm El-Sheikh.  (Wikimedia Commons)
October 27th, 2016 - 12:00 GMT

Belgium's Jetairfly lifts flight ban to Sharm El Sheikh

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