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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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King Fahd University of Petroleum & Minerals was ranked the best university in the Arab region for a second consecutive year. (KFUPM)
June 14th, 2016 - 11:00 GMT

Saudi varsities continue to dominate 'best university' rankings for the region

People walk past the sign of the BLOM Bank in Beirut, a day after a bomb blast hit its headquarters in Verdun. (AFP/Patrick Baz)
June 14th, 2016 - 10:00 GMT

Beirut bombing tests the mettle of Lebanon's banking sector

US Secretary of State John Kerry (L) greets Saudi Deputy Crown Prince Mohammed bin Salman outside Kerry's residence prior to their meeting on June 13, 2016, in Washington, DC. (AFP/Molly Riley)
June 14th, 2016 - 09:00 GMT

Saudi Deputy Crown Prince gets down to business in the US

Sheikh Maktoum and Charles Bolden spoke about scientific issues and efforts to harness space technology for peaceful and non-politicised purposes to serve all humanity. (WAM)
June 14th, 2016 - 08:00 GMT

NASA delegation talks Mars missions on UAE visit

Natural gas shortages have in the past forced EGAS to ration gas supplies to industry during months of peak consumption, crippling production and hampering Egypt's economic recovery. (File photo)
June 14th, 2016 - 07:00 GMT

Egypt to divert natural gas supplies from industry to meet August power demands

Deira Islands is Nakheel's third flagship artificial island project, after Palm Jumeirah and The World.
June 14th, 2016 - 06:26 GMT

Nakheel awards Austria's ILF with million-dollar Deira Islands contract

The Eurofighter Typhoon is popular with the Royal Air Force of Oman, Kuwait and Saudi Arabia. (Wikimedia Commons)
June 14th, 2016 - 05:31 GMT

Saudi, UAE top defense spending in a record-breaking year

Iran’s oil exports are currently close to pre-sanction levels of around 2.5 million barrels per day. (Iberorusa)
June 13th, 2016 - 11:00 GMT

European companies line up for Iranian oil deals

EFG Hermes sold 2,700,000 of its shares to CIH Bahrain International Holding, a Lebanon-registered company controlled by the heirs of late Saudi billionaire Khaled bin Mahfouz. (File photo)
June 13th, 2016 - 10:00 GMT

Egypt's EFG Hermes’ shareholders to receive $121.6M from sale of Credit Libanais

The GERD has strained relations between Ethiopia and Egypt since construction began in 2011, with relations reaching their lowest point in 2013. (File photo)
June 13th, 2016 - 09:00 GMT

Renaissance Dam filling process to begin in July 2017, before impact study complete

Al Bawaba
June 13th, 2016 - 07:00 GMT

Saudi Electricity woos international partners for two solar plants

Destination Asia Group is an integrated travel management company operating in 11 Asian countries. (Global Travel Group)
June 13th, 2016 - 05:00 GMT

Emirates' dnata moves into Asian travel market with stake in Destination Asia Group

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