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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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Lagarde explained that there is “still a little bit of implementation” to be completed before the IMF board can meet with regards to both exchange rate and to subsidies. (AFP/File)
October 10th, 2016 - 07:00 GMT

Almost there: Egypt's pre-requisites for IMF loans nearly fulfilled

Located about 4 km from the Muscat International Airport, the new convention centre is part of Madinat Al Irfan Urban Development. (Twitter)
October 10th, 2016 - 05:57 GMT

Oman Convention & Exhibition Centre ready to open its doors

The Lion of Judah statue in Addis Ababa, Ethiopia. (Wikimedia Commons)
October 10th, 2016 - 04:58 GMT

Dubai signs $50M finance deal with Ethiopia

The new deal will cover at least 15 events such as the Abu Dhabi HSBC Golf Championship. (Wikimedia Commons)
October 9th, 2016 - 12:38 GMT

Etihad Airways inks three-year sponsorship deal with Abu Dhabi Sports Council

The Middle East tripled its renewable investment last year, with market observers characterising the region as a ‘hot spot’ for green investment. (Shutterstock)
October 9th, 2016 - 11:30 GMT

Explosive growth in 'green bonds' paves the way for takeoff in MENA markets

Expats registered as investors, academicians – including professors, associate professors, assistant professors and lecturers and those working as doctors will be exempt from the new ruling. (Shutterstock)
October 9th, 2016 - 10:25 GMT

Two for one: New Saudization rules count each expat over-60 as two employees

Most of the investors are keen to invest in IT and industrial projects in a trend has been growing over the past few years. (Shutterstock)
October 9th, 2016 - 09:30 GMT

New tourism investments in Lebanon down, tech and industry spend up: IDAL

Egypt announced additional tenders for 665,000 tonnes of gasoil and 132,000 tonnes of gasoline for November arrival, levels that could suggest a protracted delay of Aramco products. (Shutterstock)
October 9th, 2016 - 08:30 GMT

Halted Saudi oil deliveries leave Egypt scrambling for tenders

A giraffe in Nairobi National Park against the backdrop of Nairobi's skyline, Kenya. (Kenya Wildlife Service)
October 9th, 2016 - 07:24 GMT

Gulf investors eye opportunities in Africa

Dubai Holding's  efforts to build smart cities began with the establishment of Dubai Internet City in 1999. (Dubai Media Office)
October 9th, 2016 - 06:25 GMT

Dubai Holding announces third SmartCity initiative with South Korean venture

The sale will equip the Egyptian air force's multimission helicopter fleet with a detection system for infrared missile threats. (Naval Today)
October 9th, 2016 - 04:32 GMT

Incoming: Egypt to receive $81M in missile warning systems from US

Under the theme “Embracing New Frontiers,” the congress program will lead delegates through the current and critical issues facing the energy industry. (Shutterstock)
October 6th, 2016 - 12:00 GMT

The 23rd World Energy Congress 2016 in Istanbul hopes to 'Embrace New Frontiers'

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