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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 halal market could be the biggest industry in the world by 2030 but is currently let down by a lack of unified international standardisation or accreditation. (File photo)
September 22nd, 2016 - 10:20 GMT

IHAF to establish halal global accreditation standards

Falah Al Amri, Iraqi governor to OPEC and Director General of Iraq’s Oil Marketing Co, known as SOMO. (YouTube)
September 22nd, 2016 - 08:30 GMT

Iraq raises expectations for Algiers oil meeting

Tariffs of private generators remain uncontrolled and unregulated, and are set randomly despite a general weekly pricing guidance published by the government. (File photo)
September 22nd, 2016 - 07:30 GMT

OPINION: Outdated electricity policies leave Lebanon in the dark

The conflicting regulations on wheat imports led to disturbances in the market as several shipments were rejected at the ports en route to Egypt. (File photo)
September 22nd, 2016 - 06:49 GMT

Egypt reinstates old wheat policy after decline in imports

Fujairah Port is already the world's second largest bunkering hub. (FujairahPort.ae)
September 22nd, 2016 - 05:00 GMT

UAE opens country's first VLCC berth in Fujairah

The US licenses contain strict conditions to ensure that the planes will be used exclusively for commercial passenger use and cannot be resold or transferred to a designated entity. (File photo)
September 22nd, 2016 - 04:26 GMT

US grants licenses to Iran for aircraft sales to proceed

The Bahrain Asian Traders Committee plans roadshows in South Korea, the Philippines, Sri Lanka and other Asian countries to promote Bahrain as an ideal investment destination. (File photo)
September 21st, 2016 - 12:00 GMT

'Reinvest in Bahrain' campaign launched to boost local economy

The merger between First Gulf Bank and National Bank of Abu Dhabi is a trend that is likely to continue as banks look at improving efficiency. (File photo)
September 21st, 2016 - 11:00 GMT

GCC banking sector faces declined growth in 2016: S&P

The hospital is owned by Saudi businessman Maan al-Sanea, the founder and chairman of the conglomerate Saad Group. (Saad Medical)
September 21st, 2016 - 10:00 GMT

Saudi Arabia: Employees of Saad Specialist Hospital strike over unpaid wages

Dubai Aerospace Enterprise (DAE) Ltd is a global aerospace corporation founded in 2006. (File photo)
September 21st, 2016 - 09:00 GMT

Dubai Aerospace Enterprise acquires Jordan Aircraft Maintenance from Abraaj

Al Raha Group for Technical Services specializes in logistics and supply chain management, services and repair of aerospace equipment and vehicles, systems design and integration and training. (Wikimedia Commons)
September 21st, 2016 - 08:00 GMT

Al Raha Group awarded $355M contract for Saudi's F-15 fleet support

Turkish contractors have so far completed approximately $6.3 billion projects in Kuwait. (Wikimedia Commons)
September 21st, 2016 - 07:00 GMT

Turkey eyes over 500 investment opportunities in Kuwait

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