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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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Headquarters of Kuwait Projects Company (Kipco), the country's largest investment company. (Kipco)
September 26th, 2016 - 05:30 GMT

Kuwait Projects Company breaks ground on $2.5B real estate project

The Mafraq plant is the first PV solar plant to be financed out of the four planned under the Jordanian government’s second round of solar PV projects, said the statement. (Shutterstock)
September 26th, 2016 - 04:39 GMT

Jordan secures $76M for solar power plant in Mafraq

None of the available positions were in the main cities of Riyadh, Jeddah or Mecca. (AFP/File)
September 25th, 2016 - 12:30 GMT

Saudi job portal crashes after 72,000 women apply for 5,000 available teaching jobs

Saudi Arabia suffered a deficit of $98 billion in 2015, while the projected shortage this year is $87 billion. (Shutterstock/Andrew V Marcus)
September 25th, 2016 - 11:30 GMT

No end in sight for the new norm of GCC budget deficits

The UAE population is very small but its dealer tops the world for Bentley sales. The Bentley Bentayga 2017. (Pinterest)
September 25th, 2016 - 10:30 GMT

What economic crisis? Bentley boasts 45 percent sales growth in UAE

Millennials demand the latest technology to help them stay connected and engaged and expect hotel chains to personalise their experience during their stay. (Shutterstock)
September 25th, 2016 - 09:30 GMT

Demands of 'Generation Mobile' pose connectivity challenges for MENA hotels

An ECESR economist argues that the same economic structural problems persist, and the IMF adopts more or less the same approach towards countries as it did back in 1991.   (AFP/File)
September 25th, 2016 - 08:30 GMT

History repeats itself: Amid mounting loans, does Egypt have an economic vision?

Costa Brava is one of two landfills of a government plan to end the country’s trash crisis, which began July of last year with the closure of the Naameh landfill after 17 years of operation. (The Daily Star/ Hasan Shaaban)
September 25th, 2016 - 07:30 GMT

Waste not, want not: Lebanon's trash problem back to the fore with landfill protesters

An increase in the risks related to the country’s considerable external debt and the weakening in previously supportive credit fundamentals were the main factors for the rating cut. (File photo)
September 25th, 2016 - 06:30 GMT

Turkey's credit rating downgraded to junk status in coup aftermath

Initially, Dubai’s broader medical tourism plan is focusing on elective procedures, like aesthetic and weight loss surgeries. (File photo)
September 25th, 2016 - 05:53 GMT

Nip, tuck: Dubai's grand plans for being a major player in medical tourism

The purchase agreement was signed last year in Paris in the presence of Deputy Crown Prince and Minister of Defense Muhammad Bin Salman. (File photo)
September 25th, 2016 - 04:17 GMT

Saudia's Boeing and Airbus purchases boost fleet by 63 aircraft

Al Olayan also appears on Forbes’ list of the “World’s 100 Most Powerful Women”. (World Economic Forum)
September 22nd, 2016 - 11:30 GMT

Saudi Arabia’s Lubna Al Olayan is the most powerful woman in the Arab world: Forbes

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