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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 growth in Saudi's oil sector is driven mainly by record oil production that remained above the 10 million bpd level throughout 2016.(File Photo)
August 7th, 2016 - 04:16 GMT

Saudi oil sector increases by 5.1 percent

The decline in UAE oil prices is expected to be taking a toll on consumer sentiment. (File Photo)
August 7th, 2016 - 02:00 GMT

Decreasing confidence in Middle East market

The international smart building market is expected to touch $36.3 billion by 2020. (Trade Arabia)
August 7th, 2016 - 01:00 GMT

UAE leading Gulf state in smart building solutions

Egypt announced in 2014 ambitious plans to develop renewable energy. (File photo)
August 7th, 2016 - 12:00 GMT

Investors' high hopes clouded by Egypt’s solar power struggles

A man stands among camels during an auction at Birqash Camel Market just outside of Cairo. (AFP/File)
August 7th, 2016 - 09:00 GMT

Jordan’s camel industry crippled by drought

Oman's fishing industry is going swimmingly. (Shutterstock)
August 7th, 2016 - 08:00 GMT

Oman sees steady upswing in fishing industry

Dubai airport said 19,000 passengers and 500 flights had been affected by delays and cancellations after an Emirates jet caught fire as it crash landed. (Shutterstock)
August 7th, 2016 - 07:00 GMT

Dubai airport back to normal operations following Emirates crash landing

Hi-tech houses will help alleviate Saudi Arabia's housing crisis. (Shuttestock)
August 7th, 2016 - 04:00 GMT

Saudi to use 3D-printing to tackle housing crisis

Operations at Dubai airport are suspended until further notice. (AFP/File) .
August 4th, 2016 - 02:00 GMT

Flights disrupted following Dubai airport accident

By 2030, Saudi Arabia hopes to have employed millions of Saudi nationals in private sector. (File Photo)
August 4th, 2016 - 01:00 GMT

Saudi private sector to employ 4.1m nationals by 2030

Idaho State University. (Twitter)
August 4th, 2016 - 11:00 GMT

US universities to lose over $5M as Saudi students stay away after mistreatment

More than 34,000 km of gas pipelines have so far been laid and a further 1,680 km will be laid in the near future. (File photo)
August 4th, 2016 - 09:00 GMT

Iran plans thousands of miles of gas pipelines nationwide

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