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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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Egypt is implementing several reforms to wean the population off a decades-old, costly subsidy program. (Shutterstock)
August 9th, 2016 - 07:00 GMT

Egypt to hike electricity prices by 40 percent to phase out subsidies

A picture shows the Indian embassy in the Saudi capital Riyadh on August 2, 2016. New Delhi was working to feed more than 10,000 Indian labourers stranded in the Gulf with no wages after losing their jobs, in what Foreign Minister Sushma Swaraj called a "food crisis". (AFP/Stringer)
August 9th, 2016 - 06:00 GMT

King Salman issues directive on unpaid Indian workers in Saudi Arabia

Payday just got a little better for some expat workers. (Shutterstock)
August 9th, 2016 - 04:00 GMT

Go big or go home: Expat salaries soar in Dubai

Egyptia state-owned banks are likely to borrow from abroad in case its own resources of foreign exchange cease to cover the needs of its clients. (File Photo)
August 8th, 2016 - 05:00 GMT

Egypt's government banks rely on own resources for US dollars

Only four in 10 employers have a strategy in place to attract workers who are not actively seeking a new job, despite professionals being overwhelmingly open to being contacted with potential offers of employment. (AFP/File)
August 8th, 2016 - 03:00 GMT

Employers overlooking talented candidates: Study

Dhows carrying tourists cruise off the Oman's Khasab shores along the Strait of Hormuz. (AFP/File)
August 8th, 2016 - 02:00 GMT

Oman suffering from decline in tourism

The Emirates' annual summer travel peak has kept Dubai airport very busy. (File Photo)
August 8th, 2016 - 01:00 GMT

Dubai Airport to reach 8.5 million passenger target

Unsolicited job offers were sent from scammers posing as Dubai Petroleum, Rak Petroleum, Barclays Oil and Gas, among others. (Shutterstock)
August 8th, 2016 - 12:00 GMT

Desperate for work, Jordanian job seekers fall prey to scammers in Gulf

Oman's economic growth is expected to slow in 2016 and 2017 to an average of 2 per cent. (File photo)
August 8th, 2016 - 11:00 GMT

Oman economy slows as oil prices remain low

A tourist walks past empty sunbeds on a beach in Egypt. (AFP/File)
August 8th, 2016 - 06:00 GMT

Ministry of Tourism desperately trying to revive beleaguered sector in Egypt

The plan aims to protect the environment, in line with the strategy to achieve the green economy in the city.  (File Photo)
August 8th, 2016 - 05:00 GMT

36 additional bridges and roads in store for Dubai

The world’s leading suppliers of event technology will partake in the region’s specialist industry trade show later this year. (File Photo)
August 8th, 2016 - 04:00 GMT

AV and entertainment market boosted by ME key sectors

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