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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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A number of smaller producers had become overly dependent on oil as a source of revenue, when prices were high, and did not make efforts to diversify their economies.  (Twitter)
June 1st, 2016 - 10:00 GMT

Smaller oil producers expected to follow the leader at OPEC meet

The GCC is one of the fastest growing markets in terms of visitors’ numbers and spending, and Britain is firmly placed among the top three European destinations for tourism. (Shutterstock/Cedric Weber)
June 1st, 2016 - 09:00 GMT

Barmy for Blighty: Record number of Gulf tourists visited UK in 2015

The Lebanese-Israeli maritime dispute should not derail Lebanon's oil exploration efforts in the Mediterranean.  (Shutterstock)
June 1st, 2016 - 08:00 GMT

Lebanon must push forward with oil and gas exploration

Gulf leaders arrived in Jeddah on Tuesday to attend the GCC’s 16th Consultative Meeting. (Arab News/Fouzia Khan)
June 1st, 2016 - 07:00 GMT

GCC leaders establish two new bodies to boost economic integration

Despite substantial international pressure to reform the treatment of migrant construction workers, reports continue to find workers facing conditions that may amount to those of slavery. (AFP/File)
June 1st, 2016 - 06:00 GMT

Dubious honor: Qatar places fifth on the Global Slavery Index

Etihad is planning to carry 19 million passengers this year, an increase on the 17.6 million in carried in 2015. (File photo)
June 1st, 2016 - 05:05 GMT

Etihad Airways freezes recruitment of non-operational staff

The anti-BDS movement has claimed several legal victories on university campuses across the US. (Facebook)
June 1st, 2016 - 04:18 GMT

Israel holds anti-BDS summit at the UN

Al Bawaba
May 31st, 2016 - 12:00 GMT

Proposed causeway would cut Saudi-Egypt travel time to 30 minutes

Sunrise on Point Cartwright, Sunshine Coast, Queensland, Australia. (Shutterstock)
May 31st, 2016 - 10:00 GMT

Dubai's Najibi opens Sanad Capital on Oz's Sunshine Coast

Lebanon’s budget deficit in the first four months of this year rose to 37.2 percent of spending compared to 33.75 percent in the same period last year.  (File photo)
May 31st, 2016 - 09:00 GMT

Lebanon's primary budget deficit increases 190 percent

Unemployment in Jordan has reached its highest level since 2008. (AFP/File)
May 31st, 2016 - 08:00 GMT

Unemployment is 'biggest challenge' for Jordan's new government

The Oman Power and Water Procurement Co (OPWP) recently signed agreements to establish two major independent power plants in Ibri and Sohar. (File photo)
May 31st, 2016 - 07:00 GMT

Oman needs $8B investment to keep pace with power demand: Apicorp

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