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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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Total Lebanese exports, including industrial items, average about $3 billion a year. (Shutterstock)
October 23rd, 2016 - 08:53 GMT

Syrian conflict continues to take a toll on Lebanese exports

The JTB has created a scheme for airlines as well as local and international travel agents, offering incentives on the condition that flights go directly to Aqaba. (Ansamed.info)
October 23rd, 2016 - 06:04 GMT

All welcome to Aqaba: Jordan welcomes Ukrainian tourists under new charter flight agreement

The strategic location provides returns expected to deliver an approximately 6.5 per cent yield every year. (Shutterstock)
October 23rd, 2016 - 05:00 GMT

Kuwait's Kamco acquires office tower in Cincinnati, Ohio

Saudi Arabia's oil minister outlined the rapidly changing landscape in the energy industry since OPEC last month in Algeria to modestly cut its output. (File photo)
October 23rd, 2016 - 04:09 GMT

Saudi Arabia to expand clean energy options amidst fears of future supply shortfalls

Eat' Bahrain market offering currently includes 80 restaurants, including Michelin-led restaurants CUT by Wolfgang Puck and Masso by Chef Susy Massetti. (Shutterstock)
October 20th, 2016 - 11:00 GMT

Bahrain's Eat app secures $2M funding for expansion

Remittances and capital inflows are some of the few remaining elements that keep the struggling Lebanese economy on its feet. (File photo)
October 20th, 2016 - 10:00 GMT

Remittances to Lebanon to increase this year: World Bank

Egypt is currently reviewing eligibility for a smart card system through which low income Egyptians access state-subsidised food. (File photo)
October 20th, 2016 - 09:00 GMT

Egypt mulls reintroduction of subsidies for vulnerable groups

 First Avenue will be designed as an European-style mall, with an indoor-outdoor boulevard and Arabesque influences. (Gulf Business)
October 20th, 2016 - 07:00 GMT

Park Inn Radisson and mall complex to open in Dubai's Motor City in 2017

The fundamental challenge for the GCC states is that they have to diversify their economies as well as create new job opportunities in non-oil sectors. (File photo)
October 20th, 2016 - 06:00 GMT

Is personal income tax the next step in GCC fiscal reform?

The event is Bahrain’s first tri-service defence exhibition, covering land, sea and air. (Wikimedia Commons)
October 20th, 2016 - 05:00 GMT

Bahrain to host international defence exhibition for the first time

The $17.5B bond issue kicks off the efforts by the Kingdom to plug its large budget deficit of $87 billion this year due to a hole left by oil prices, which have fallen more than a half from the peak seen in 2013. (File photo)
October 20th, 2016 - 04:10 GMT

Saudi Arabia gears up for record $17.5B bond issue

New findings reveal that Saudi Arabia is becoming the number one in the Middle East in term of the use of social media. (Shutterstock)
October 19th, 2016 - 12:00 GMT

Connecting to the world: Saudi Arabia to host Global Internet Forum

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