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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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Construction in Muscat. (AFP/File)
August 4th, 2016 - 07:25 GMT

Oman convention center slated to open in September

Oriental Weavers, founded in 1979, is considered a giant manufacturer of carpets, rugs and related raw material. (File photo)
August 4th, 2016 - 05:00 GMT

Oriental Weavers expand production by injecting over EGP 100 million’s worth of investments

BLOM bank in Beirut came under attack in June. (AFP/File)
August 4th, 2016 - 04:51 GMT

Lebanon: Financial analysts warn of long-term economic repercussions after BLOM Bank attack

Muslim women visit a chateau in Nantes, France. (AFP/Jean-Sebastien Evrard)
August 3rd, 2016 - 04:00 GMT

Islamic funding in France comes under fire

The output sub-index continued to fall for a 10th month but at a slower rate, as it reached 48.8 points in July from 46 points in June. (AFP/File)
August 3rd, 2016 - 03:00 GMT

Non-oil sectors slow for 10th consecutive month in Egypt

This file photo shows The British Union flag (L) and the European Union (EU) flag flying side-by-side outside City Hall, the headquarters of the Greater London Authority, in central London. (AFP/File)
August 3rd, 2016 - 02:00 GMT

Brexit will not affect UK’s commitments to Jordan

Saudi women, shown here at a cultural festival near the capital Riyadh. (AFP/File)
August 3rd, 2016 - 01:00 GMT

Saudization initiatives: Women-only telecom centers

The Kuwaiti cabinet will raise petrol prices by more than 80 percent, for the first time in 50 years. (File photo)
August 3rd, 2016 - 12:00 GMT

Kuwait raises petrol prices in 50-year first

Erdogan urged investors not to be concerned about Turkey's economy. (AFP/File)
August 3rd, 2016 - 08:00 GMT

Erdogan claims Turkish economy safe in state of emergency

Theme parks could be the next big thing for Saudi Arabia. (Shutterstock)
August 3rd, 2016 - 07:00 GMT

Saudi poised to become new leader in theme park industry

Will Lebanon have to press "pause" on its media output? (Shutterstock)
August 3rd, 2016 - 06:00 GMT

Lebanon faces critical financial issues for state, local media organizations

Hi-tech and low-environmental impact will make Saad Al-Abdullah a one-of-a-kind city. (Shutterstock)
August 3rd, 2016 - 04:00 GMT

Kuwait plans first eco-friendly, ‘smart’ city

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