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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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Workers at the Leviathan gas field. (Noble Energy)
May 19th, 2016 - 01:40 GMT

Israel may halve Egypt's $1.7B fine for halted gas supply: Bloomberg

The Act that was passed in the US is an U.S. act whose implementation is required throughout the world and in Lebanon, said Central Bank Governor Riad Salameh. (The Daily Star)
May 19th, 2016 - 12:00 GMT

Lebanon's failure to comply with US anti-terrorism funding laws will isolate banks: Salameh

Jordan Atomic Energy Commission chairman insists that the nuclear program is vital to ensure diversity in the energy mix in the Kingdom, which has been dependent on imported fuel. (File photo)
May 19th, 2016 - 11:00 GMT

Jordan seeks funding for nuclear energy program expansion

Korean cars topped sales in the second-hand market, acquiring 50% of sales, followed by Japanese cars with 30% of sales. (Shutterstock)
May 19th, 2016 - 10:00 GMT

Egypt's foreign currency crisis drives second-hand car prices up 50 percent

Adjustments to the regulation last month made obtaining a holiday home licence easier for property owners and allowed renters to apply for short-term permits to host guests with the agreement of their landlord. (File photo)
May 19th, 2016 - 09:00 GMT

Airbnb signs 'responsible hosting' agreement with Dubai Tourism

Jordan's energy minister said that the project would create the necessary infrastructure for the interconnection with Saudi Arabia. (File photo)
May 19th, 2016 - 08:00 GMT

Electrifying: Jordan to link to GCC grid via Saudi Arabia

The Dutch company Shell acquired all assets and concessions of BG in February 2016.  (Shell)
May 19th, 2016 - 07:00 GMT

Egypt: Shell and British Gas to receive $400M of $3.2B dues in June

The compromise is aimed at creating a regulatory environment that encourages investments. (File photo)
May 19th, 2016 - 05:30 GMT

Leviathan gas development: Noble Energy, Delek accept compromise on regulatory clause

The sovereign action reflects the ongoing negative impact of lower oil prices on Saudi’s fiscal position 
and economic strength. (Argaam)
May 19th, 2016 - 05:00 GMT

Moody's downgrades nine Saudi banks

 Prince Alwaleed Bin Talal met with founder of Bloomberg and former Mayor of New York Michael Bloomberg.  (Kingdom Holding Company)
May 19th, 2016 - 04:00 GMT

Prince Al Waleed Bin Talal's Alarab news channel strikes new deal with Bloomberg

Reducing unemployment rates is not the responsibility of the ministry alone, citing that the number of university graduates in Jordan is on the rise and some majors do not meet the needs of labour market  (Mutualresponsibility.org)
May 18th, 2016 - 12:00 GMT

Jordan's unemployment rate at highest level in eight years: report

Al Bawaba
May 18th, 2016 - 10:00 GMT

US Treasury reveals $116.8B of Saudi holdings

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