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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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According to recent DCC report, Saudi Arabia was the largest importer of gold from the UAE for 2015. (File photo)
August 2nd, 2016 - 01:00 GMT

Saudi Arabia: The largest importer of UAE gold

During the first six months of the current year, diesel output fell by 2 per cent to 10.44 million barrels, while production of aviation fuel declined by 4 per cent to 2.31 million barrels. (AFP/Miguel Gutierrez)
August 2nd, 2016 - 12:00 GMT

Oman’s petrol production increases by 175%

Kuwait is attempting to combat falling oil prices. (Shutterstock)
August 2nd, 2016 - 10:00 GMT

Kuwait petrol prices will skyrocket 80 percent in September

Different calendars can create confusion. (Shutterstock)
August 2nd, 2016 - 09:00 GMT

Saudi companies analyze switching between Gregorian, Hijri calendars

Investors monitor stocks at Saudi Arabia's National Commercial Bank. (AFP/File)
August 2nd, 2016 - 08:00 GMT

Stock markets improve for Gulf while Egypt weakens

The $4 billion IMF loan is expected to ease some of Egypt's economic woes. (Shutterstock)
August 2nd, 2016 - 06:00 GMT

Egypt’s external debt to hit $53.4B with new IMF loan

A breath of fresh air... even in a crowded classroom. (Shutterstock)
August 2nd, 2016 - 05:00 GMT

Breathe easier with LG Saudi Arabia’s new indoor ventilation system

An overpass is expected to relieve some of the traffic congestion. (Shutterstock)
August 2nd, 2016 - 04:00 GMT

Bahrain begins large overpass project near new building developments

An Egyptian man sells fruits and vegetables at a traditional market in Cairo on May 7, 2014. (AFP/File)
August 1st, 2016 - 02:00 GMT

Iraq bans import of a number of Jordanian products

Qatar Airways is restricted to owning 49 per cent of any European carrier, including IAG, under non-EU ownership rules that require any EU airline to be majority-owned by EU shareholders. (File photo)
August 1st, 2016 - 01:00 GMT

Qatar Airways increases its stake in British Airways' International Airlines Group to 20 percent

A survey found that 70 percent of WhatsApp users never log out of WhatsApp Web. (Shutterstock)
August 1st, 2016 - 12:00 GMT

Watch what you say: Hackers can access WhatsApp texts in seconds

The Careem application. (Careem)
August 1st, 2016 - 11:00 GMT

Careem offers discounts to riders headed to the gym!

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