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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 NTRA decided to grant the license for the international communications gateway to companies that would pay for the license fully in US dollars. (File photo)
October 16th, 2016 - 11:00 GMT

Egypt tightens regulations on 4G licenses in defiance of mobile operators' requests

The new partnership is an ambitious effort by SoftBank and its billionaire founder, Masayoshi Son, to expand the company’s footprint worldwide. (Twitter)
October 16th, 2016 - 09:30 GMT

Japan's SoftBank partners with Saudi Arabia to create $100B tech fund

Companies that previously did business with both firms will now find the teams serving them have combined into one, while more broadly they will notice combined engagement in terms of activities and events. (Twitter)
October 16th, 2016 - 07:55 GMT

Dell-EMC mega-merger will have 'immediate' impact on MENA

There is a lot to see from 3D-printed cars to VR roller coasters, drones, augmented reality and more with the latest in cutting-edge technology and innovation. (Pixelmate.in)
October 16th, 2016 - 06:00 GMT

Dubai's Gitex Technology Week 're-imagines realities'

A ministry spokesman said that 14 categories would be exempted from the KD450 minimum salary condition. (Shutterstock)
October 16th, 2016 - 05:00 GMT

Kuwait hikes minimum salary requirements for expat family visas

In a statement Friday from OPEC on the outcome of the meetings in Istanbul, Russian Energy Minister Alexander Novak said support was growing from non-member states. (Shutterstock)
October 16th, 2016 - 04:09 GMT

Crude oil prices dip despite positive OPEC sentiment in Istanbul

When you take into account multiplier effects, the total impact of inbound Muslim tourism spend on US GDP is a staggering $50.8B. (Estavisa.com)
October 13th, 2016 - 12:00 GMT

US captures nearly 25 percent of Islamic tourism market

According to an anonymous source, one reason behind the decline in sugar and the associated price hike is the new regulations imposed by the ministry of supply on the distribution of sugar. (Shutterstock)
October 13th, 2016 - 11:00 GMT

Sugar rush: Egyptians face inflated prices as sugar disappears from supermarket shelves

Aramco President Amin Al Nasser said that the company would develop new techniques for oil extraction in order to increase Saudi oil reserves to 900 billion barrels. (File photo)
October 13th, 2016 - 10:00 GMT

Saudi Aramco plans $300B in oil investments over next decade

The revised tariffs are seen as a strong incentive to reduce overall consumption. (File photo)
October 13th, 2016 - 09:00 GMT

Power up: Oman to cut energy tariffs for large consumers from 2017

Hospitality is regarded as the economic sector in KSA with the greatest potential for growth and for becoming engines for job growth to benefit young Saudis. (File photo
October 13th, 2016 - 08:00 GMT

Five 'Centro by Rotana' hotels to open across Saudi Arabia by end 2017

The UAE and Seychelles’ aviation sectors already have ties with Etihad Airways owning a stake in Air Seychelles. (SeychellesIslands.us)
October 13th, 2016 - 07:00 GMT

Island venture: Abu Dhabi Airport signs MoU for Seychelles International Airport development

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