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BUSINESS latest

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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Red Hat
July 3rd, 2016 - 09:04 GMT

Red Hat and Eurotech launch end-to-end, fully open source IoT cloud platform project

During the event
July 3rd, 2016 - 09:02 GMT

Al-Futtaim Motors partners with AWQAF & Minors Affairs Foundation to support an Emirati family this Ramadan

One of the thorny issues Lebanon may need to solve before embarking on gas exploration is the 870 square kilometer disputed zone near the southern territorial waters. (Shutterstock)
July 3rd, 2016 - 09:00 GMT

Lebanon moves closer to removing hurdles to offshore gas exploration

ACT’s Management grateful to all their employees for a record breaking performance during this Ramadan
July 3rd, 2016 - 08:59 GMT

ACT’s Management grateful to all their employees for a record breaking performance during this Ramadan

Gulf Keystone Petroleum said said it ended 2015 with an average daily production rate of 36,000 barrels of oil per day at Shaikan and the field is now on pace to reach 55,000 bpd potentially. (File photo)
July 3rd, 2016 - 07:45 GMT

KRG to receive $10M payout bonus for bumper production at Shaikan oil field

Samsung Electronics curved monitor
July 3rd, 2016 - 05:49 GMT

Samsung Electronics reaffirms market leadership as industry-leading reviews recommend its curved monitors

During the event
July 3rd, 2016 - 05:44 GMT

Bank al Etihad promotes spirit of giving during Ramadan through humanitarian and charitable activities

A weaker pound and euro would hit the UAE hardest of the Gulf economies due to its large tourism and real estate sectors. (Shutterstock)
July 3rd, 2016 - 05:43 GMT

Brexit: Pros and cons for the GCC

During the event
July 3rd, 2016 - 05:39 GMT

Mahmoudia Motors gives back during Ramadan

Burgan Bank announces the new winner of the KD 125,000 cash prize in the Yawmi Quarterly Draw
July 3rd, 2016 - 05:34 GMT

Burgan Bank announces the new winner of the KD 125,000 cash prize in the Yawmi Quarterly Draw

During the event
July 3rd, 2016 - 05:27 GMT

Gulf Bank concludes its sponsorship of the 33rd Jassim Al-Sharhan Ramadan football tournament

Hamad Medical Corporation
July 3rd, 2016 - 05:18 GMT

HMC Hospitals announce operating hours for the Eid Al-Fitr holiday

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