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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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Egypt's Ministry of Petroleum has no information about the suspension of supplies during October. (File photo)
October 24th, 2016 - 11:00 GMT

Egypt calls for inquiry as Saudi oil shipments remain suspended

A large pool of companies in the non-financial category has also made ADGM their home base, including law firms, professional and corporate service providers and family offices. (File photo)
October 24th, 2016 - 10:00 GMT

Abu Dhabi Global Market licenses 160 firms

Gulf Craft manufactures about 400 boats a year with 40 to 50 being yachts with an annual turnover of $100 million. (Gulf Craft)
October 24th, 2016 - 09:00 GMT

Gulf Craft to expand shipyard to build megayachts

Al Bawaba
October 24th, 2016 - 08:00 GMT

UAE's Green Valley to launch 'Salam City' residential project in Bosnia

As GCC countries will have reviewed VAT systems and practices from across the globe, they are likely to introduce VAT systems heavily dependent on technology to ensure efficiency. (Shutterstock)
October 24th, 2016 - 07:00 GMT

When it comes to VAT, the devil is in the details: BDO Bahrain

In addition to the economic aid, the US provided $463 million in military aid to Jordan this year, bringing the total of economic and military aid to $1.275 billion. (File photo)
October 24th, 2016 - 06:00 GMT

Jordan to receive $786.8M US economic aid package

A wholesale Islamic investment bank regulated by the Central Bank of Bahrain, Ibdar Bank is engaged in real estate, private equity, capital markets and investment advisory activities. (Trade Arabia)
October 24th, 2016 - 05:00 GMT

Bahrain's Ibdar Bank buys $78M prime housing complex in Maryland, US

Russian Oil Minister Alexander Novak (L) arrives for a meeting with his Saudi counterpart in Riyadh on October 23, 2016. (AFP/Fayez Nureldine)
October 24th, 2016 - 04:27 GMT

GCC-Russian energy meeting underway in Riyadh

3D printing technology will revolutionise the economic sectors that most affect people’s lives. This includes construction, medical equipment and supplies and even consumer products. (Shutterstock)
October 23rd, 2016 - 12:30 GMT

Dubai Future Foundation partners with US software firm Autodesk to create $100M fund for 3D printing

Once completed, the new Suez Canal for Iron and Steel plant will boast a production capacity of about 1.2 million tonnes of steel per annum. (AFP/File)
October 23rd, 2016 - 11:30 GMT

Egyptian Suez Canal Company joins forces with Saudi organization to set up iron and steel plant

Saudi bourse opened to foreign investors June 15, 2016. (AFP/File)
October 23rd, 2016 - 10:30 GMT

International demands on Saudi bonds on the up as offers increase by 2.6 percent

An employee walks at a solar plant in Masdar outside the Emirate of Abu Dhabi. (AFP/File)
October 23rd, 2016 - 09:30 GMT

Masdar raises the bar with plans to build Jordan’s largest solar power plant

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