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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 entertainment complex will be developed by the state-run Aqaba Development Corporation. (File photo)
June 28th, 2016 - 04:44 GMT

Jordan to open new entertainment complex in Aqaba

Over the past ten years, Jordan has witnessed a rising demand on electricity that ranged between 5-7 percent annually.
June 27th, 2016 - 12:00 GMT

Jordan, Saudi Arabia to cooperate on nuclear energy

Agricultural products, chemical engineering products, furniture, and garments are some of the most important Egyptian exports to Britain. (Shutterstock)
June 27th, 2016 - 11:00 GMT

Egypt's exporters fear loss of tax-free perks after Brexit

Vice has hired an “independent management team” to adapt content to the region’s sensitivities and tailor programming to local markets.
June 27th, 2016 - 09:00 GMT

Vice Media announces Middle East expansion

Investors expect turbulence in the markets at least until Britain elects a new Prime Minister. (File photo)
June 27th, 2016 - 08:00 GMT

Gulf stocks plunge amid Brexit uncertainty

Deputy Crown Prince Muhammad Bin Salman and Bill Gates. (SPA)
June 27th, 2016 - 07:00 GMT

Saudi Deputy Crown Prince wraps up US visit with Bill Gates, MiSK Foundation deal

US company Noble Energy currently owns 36 percent of the rights in the Tamar gas reservoir. (File photo)
June 27th, 2016 - 06:00 GMT

Harel seeks purchase of Noble Energy stakes in Tamar gas reservoir

Lebanon's imports from Britain stand at only $600 million a year while exports to the country are valued at $40 million. (LinkedIn)
June 27th, 2016 - 05:00 GMT

Lebanon expects Brexit benefits in EU import bills

Emaar Properties chairman Mohamed Alabaar at the opening of Dynergy Technologies' state-of-the-art switchboard manufacturing plant in TechnoPark, Dubai in 2010. (World Property Journal)
June 27th, 2016 - 04:23 GMT

Dubai's new industrial strategy targets $43.5B additional income by 2030

Recent assets acquired by Middle Eastern investors include Claridge’s, The Connaught and the Berkeley in London’s Knightsbridge. (File photo)
June 26th, 2016 - 12:30 GMT

Will Brexit trigger a UK property shopping spree by Middle East investors?

The agreements were supported by the Central Bank of Jordan (CBJ) which allows banks to use money allocated to the energy sector against low interest rates when funding programmes implemented by the fund.  (Shutterstock)
June 26th, 2016 - 11:30 GMT

Jordan renewable energy projects get support from fund, banks

Female employment rates are calculated by dividing the number of Saudi women registered in social security by the establishment’s total employment numbers. (File photo)
June 26th, 2016 - 10:30 GMT

Saudization: Ministry unveils new nationalization quota calculation

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