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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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Since last May, Egypt has purchased 400,000 tons of kerosene, 200,000 tons of gasoline and 100,000 tons of diesel from Saudi Aramco. (Shutterstock)
October 13th, 2016 - 06:00 GMT

Confusion continues over Saudi oil shipments to Egypt

The source of the loan was split between  the International Bank for Reconstruction and Development and the World Bank. (File photo)
October 13th, 2016 - 05:00 GMT

Jordan inks exceptional $300M World Bank loan

Iraqi is already exporting oil at near record levels. (File photo)
October 13th, 2016 - 04:15 GMT

Norway's DNO to boost oil production at Kurdish wells

In the 57 Muslim majority countries, 90 per cent of the meat comes from non-Muslim countries. (Shutterstock)
October 12th, 2016 - 11:00 GMT

Largest suppliers of halal meat are from non Muslim-majority countries

The target of the Ministry of Petroleum was to reduce its dues to less than $2.5bn by the end of 2015, and to repay its full dues by the end of 2016. (Daily News Egypt)
October 12th, 2016 - 10:00 GMT

Egypt's petroleum ministry debt to foreign companies rises to $3.6B

The facility is expected to provide a range of services including large shipbuilding, large ship repair, offshore rigs fabrication, and offshore support vessel repair. (World Maritime News)
October 12th, 2016 - 09:00 GMT

Hyundai Engineering, Royal HaskoningDHV to design grand Saudi maritime complex

Taxation and reducing subsidies will have a negative effect on marketing and communications spending. (Screen Media Daily)
October 12th, 2016 - 08:00 GMT

Bad news for Mad Men: MENA's advertising industry faces a rough 2017

Saudi Aramco's move to add new potential partners to the company’s slate of future capital projects will help promote diversification and infrastructure enhancement in support of Saudi Vision 2030. (File photo)
October 12th, 2016 - 07:00 GMT

Saudi Aramco signs 18 Turkish partnership deals across multiple sectors

The regulation is expected to impact retailers, hotels, malls, help lines, beauty salons, service centres, car dealerships and other businesses. (Dutyfreehunter.com)
October 12th, 2016 - 06:00 GMT

Qatar: All service providers must employ one Arabic speaker under new law

The trial run on the route is expected to begin by the end of 2019, while operations will begin on May 20, 2020, five months before the start of Expo 2020. (Whatson.ae)
October 12th, 2016 - 05:00 GMT

Next stop, Dubai Expo: Route 2020 metro link extension breaks ground

The project's coalition includes Kawar energy companies, a subsidiary of Japan's Mitsubishi company and Nebras Power company, a subsidiary of Qatar Electricity and Water Company. (File photo)
October 12th, 2016 - 04:00 GMT

Jordan inaugurates MENA's largest private-sector solar energy project

US theme park giant Six Flags has signed a deal to build amusement parks in Saudi Arabia, with the hopes of encouraging Saudis to spend more money at home. (File photo)
October 11th, 2016 - 12:00 GMT

Saudi Arabia turns to bonds to finance tourism, entertainment, real estate sectors

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