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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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Dubai's shipping cargo has declined for third consecutive quater. (File photo)
July 27th, 2016 - 09:00 GMT

Dubai’s shipping volumes continue to fall

The letter between Jordan and the IMF paves the way for the $700 million Extended Fund programme. (File photo)
July 27th, 2016 - 07:00 GMT

Jordan signs $700m deal with IMF

Dubai, UAE. (File photo)
July 27th, 2016 - 06:30 GMT

Economic diversification will keep UAE afloat as oil prices plummet

Middle East hotels saw mixed performances over the late spring and early summer. (File photo)
July 27th, 2016 - 06:00 GMT

Hotel occupancy rates see decline over summer

Ski Dubai, visible from the new Aspen Chalets. (AFP/File)
July 27th, 2016 - 05:00 GMT

Winter wonderland: Dubai debuts Aspen Chalets with view of Ski Dubai

As inflation rises, the value of Egyptian currency decreases. (Shutterstock)
July 27th, 2016 - 04:00 GMT

Egyptian economic experts predict inflation rate will continue to climb

A Palestinian boy sits amidst used clothes and items at the weekly flea market in the Nusseirat Refugee Camp, central Gaza Strip, on February 29. (AFP/File)
July 26th, 2016 - 11:00 GMT

World Bank: Private sector could be a key driver for growth in MENA

Egypt, which has been facing foreign currency shortages, devalued the pound to 8.78 in March then hiked key rates by 150 basis points just days later to control inflation. (File photo)
July 26th, 2016 - 10:00 GMT

Egypt’s Central Bank expected to maintain rate at monetary policy meeting

The Solar Impulse 2 touched down in Abu Dhabi Tuesday morning, completing the first round-the-world trip of a zero-fuel plane. (Wikimedia Commons)
July 26th, 2016 - 09:00 GMT

Solar plane completes historic round-the-world journey in Abu Dhabi

BDS protesters in Italy. (AFP/Vincenzo Pinto)
July 26th, 2016 - 08:00 GMT

Netanyahu declares global BDS movement ‘defeated’

The sponsor has not extended the Iqamas (residence permits) of many of these workers. (Saudi Gazette)
July 26th, 2016 - 07:00 GMT

Foreign workers file complaint after not being paid for over a year in western Saudi

State-owned institutions across Turkey, including Turkish Airlines, have begun firing anyone with alleged ties to Fethullah Gulen's religious movement. (Shutterstock)
July 25th, 2016 - 03:05 GMT

Turkish Airlines fires 211 employees in ongoing ‘purge’ of state institutions

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