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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 Egyptian government is seeking a package of $4 billion a year over three years. (File photo)
August 1st, 2016 - 09:00 GMT

No preconditions on IMF loan, says Egypt

Financing of the current five-year development plan was being shared by both the public and private sectors.  (File photo)
August 1st, 2016 - 08:00 GMT

Kuwait invests $15.75b for 2017-18 development plan

The International Energy Agency is now looking for a drop in oil demand in Saudi Arabia for all of 2016. (File)
August 1st, 2016 - 07:00 GMT

Saudi Arabia oil consumption slows

Apples are serious business in Lebanon. (Shutterstock)
July 31st, 2016 - 03:00 GMT

Widespread apple crop failure raises agricultural concerns in Lebanon

Air travel is growing rapidly in the Middle East. (Shutterstock)
July 31st, 2016 - 02:00 GMT

Boeing predicts 58,000 new pilots needed in Middle East within 20 years

Franck Bousquet, World Bank director for regional programmes and partnerships in the Middle East and North Africa, said it is critical to begin to finance projects to support vulnerable populations in Jordan and Lebanon. (AFP/File)
July 31st, 2016 - 01:00 GMT

Donors pledge $340 million to Lebanon and Jordan for refugee crisis

A general view over Kuwait City in the Gulf emerate where thousands of Indian labourers have been left stranded with no wages after losing their jobs. (AFP/File)
July 31st, 2016 - 12:00 GMT

10,000 jobless Indians in Saudi Arabia face food crisis

Egypt's central bank sub-governor Rania Al-Mashat. (AFP/File)
July 31st, 2016 - 11:00 GMT

Rania Al-Mashat to be new senior advisor to IMF

The new airport will boast 118 check-in counters for international and domestic flights. (TimesofOman)
July 31st, 2016 - 10:00 GMT

Construction coming along smoothly in new Muscat International Airport terminal

About $155 billion worth of major projects were under execution in the UAE at the mid-point of 2016. (File photo)
July 31st, 2016 - 08:00 GMT

Brighter skies ahead for UAE

A general view taken on April 9, 2014 shows the Zueitina oil terminal. (AFP/Abdullah Doma)
July 31st, 2016 - 05:00 GMT

Libya’s oil terminals reopen following 18 months closure

Syrian refugee children look on from a window during a sandstorm at a refugee camp on September 8, 2015 near the Bekaa Valley village of Taalabaya Lebanon. (AFP/File)
July 28th, 2016 - 02:00 GMT

World Bank renews $1.5 billion commitment to Lebanon

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