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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 partners state that the estimate of gas in Leviathan reservoir is still 21.9 trillion cubic feet. (File photo)
June 8th, 2016 - 05:00 GMT

Leviathan reservoir partners stand by their gas estimates

The SC is expected to deliver the new 40,000-seater Al Rayyan Stadium, designed by Ramboll and Pattern, in 2019. (SCDL)
June 8th, 2016 - 04:14 GMT

India's L&T secures $135M World Cup 2022 stadium contract

Deputy Crown Prince Muhammed Bin Salman is also the president of CEDA, a new super-committee of top ministers charged with overseeing reforms. (File photo)
June 7th, 2016 - 01:00 GMT

Saudi Arabia approves National Transformation Plan

The group claimed it had found Zuckerberg's password in a leaked LinkedIn password dump. (File photo)
June 7th, 2016 - 12:04 GMT

Saudi-based group claims responsibility for hacking Mark Zuckerberg's accounts

CFA professionals see VAT as a paradigm-shifting reform in the GCC's fiscal policy and are unanimous that it will lead to higher inflation. (File photo)
June 7th, 2016 - 11:00 GMT

VAT will hit demand for luxury items, cars, tobacco, real estate hardest: Survey

The paper banknotes of EGP1, EGP 0.5, and EGP 0.25 were removed from the market several years ago and were replaced with coins. (Shutterstock)
June 7th, 2016 - 10:00 GMT

Small change: Egypt Central Bank reprints $56M worth of EGP1 notes

The project consists of seven unique-shaped buildings which will house the administration wing, cultural centre, convocation hall, conference centre, university library, visitor centre and a grand mosque. (Sinohydro.com)
June 7th, 2016 - 09:00 GMT

Chinese firm lands $580M deal for Kuwait's massive 'university city' project

Some see the Saudi government’s investment in Uber as a direct attack on future reforms that might allow women the right to drive
June 7th, 2016 - 08:00 GMT

Uber to create 100,000 jobs in Saudi Arabia

Microsoft headquarters in Mountain View, California. (Shutterstock)
June 7th, 2016 - 07:00 GMT

Microsoft opens R&D office in Nazareth, will target Arab engineers

All fines collected will be allocated to support efforts to raise awareness on the harmful effects of smoking and tobacco products across the Kingdom. (Shutterstock)
June 7th, 2016 - 06:00 GMT

Butt out: Saudi Arabia to impose fines for smoking in public areas

Prices are expected to increase from 60 to 85 fils per litre for 91 octane, from 65 to 105 fils per litre for 95 octane and from 90 to 165 fils per litre for 98 octane. (File photo)
June 7th, 2016 - 05:00 GMT

Kuwait to raise fuel prices due to squeezed subsidy budget

The payments were made at the company’s head office in Hamadaniyah district in east Jeddah. (File photo)
June 7th, 2016 - 04:34 GMT

About time: Binladin Group pays off more workers

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