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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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Ensuring that mission-critical IT is constantly operational is key in the aviation sector. (File photo)
October 18th, 2016 - 06:47 GMT

Huawei to build data center at Dubai International Airport

Developed by Qatar Rail, the new sustainable transport system is expected to cater to the 250,000 inhabitants of Lusail and serve around 40,000 daily visitors. (File photo)
October 18th, 2016 - 05:52 GMT

Finland's Kone lands Lusail Rail contract in Qatar

GCC sovereigns' financing needs will likely remain substantial over the next several years, given the region's almost uniform dependence on hydrocarbons. (File photo)
October 18th, 2016 - 04:37 GMT

GCC sovereign finance may need up to $560B: S&P

Projects such as the Iran-Oman gas pipeline, Iran-Oman shipping line and $250M worth of Iranian shopping mall projects to be developed by Omani investors are expected to further bilateral ties. (Twitter)
October 17th, 2016 - 12:00 GMT

Oman, Iran eye $5B bilateral trade by 2021

A small number of potential buyers from the Middle East are vying for Oger's stake in Arab Bank, including Saudi Arabia's al-Hokair family. (File photo)
October 17th, 2016 - 10:58 GMT

Saudi Oger looks to offload its 20 percent stake in Arab Bank

Users will be able to use a smart application on their personal gadgets to book, pay the rate and open one of the cars available in certain locations all over Dubai. (RTA)
October 17th, 2016 - 09:00 GMT

Dubai unveils smart car rental service at Gitex Technology Week

The decision to walk away from the merger comes four months after the banks agreed terms of the share-swap ratio for the deal. (Twitter)
October 17th, 2016 - 08:00 GMT

Deal's off: Oman's Bank Dhofar and Bank Sohar abandon merger plans

A team from Hyperloop One is also working with Dubai’s Roads and Transport Authority as part of the Future Accelerators programme. (AFP Photo/John Gurzinski)
October 17th, 2016 - 06:58 GMT

Dubai's DP World becomes 'significant investor' in Hyperloop One

Orange Egypt signed a $484 million worth deal, Vodafone Egypt signed the agreement for $335 million, while Etisalat finalized a $535.5 million deal. (File photo)
October 17th, 2016 - 06:04 GMT

Egypt: Vodafone, Etisalat, Orange sign agreements for 4G licenses

The 284-room Four Seasons Hotel will be located in the Burj Alshaya’s 22-storey Eastern Tower. (EBCTV.net)
October 17th, 2016 - 05:00 GMT

Four Seasons Kuwait to open in 2017

Iran needs to purchase between 400 and 500 commercial airliners over the next decade to rejuvenate its ageing aviation fleet.  (Wikimedia Commons)
October 17th, 2016 - 04:26 GMT

Iran's massive aircraft order delayed by 'technical issues'

Significant investment is accelerating Lebanon's $400 million knowledge economy, which could add 25,000 ICT jobs and contribute $7 billion to the country's GDP by 2025. (Shutterstock)
October 16th, 2016 - 12:00 GMT

Lebanese tech start-ups seek partnerships in Dubai

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