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BUSINESS

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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During the event
June 27th, 2016 - 06:12 GMT

Mashreq to commence construction of new HQ in Downtown Dubai

US company Noble Energy currently owns 36 percent of the rights in the Tamar gas reservoir. (File photo)
June 27th, 2016 - 06:00 GMT

Harel seeks purchase of Noble Energy stakes in Tamar gas reservoir

Dr. Adnan Chilwan, Dubai Islamic Bank Group Chief Executive Officer
June 27th, 2016 - 05:21 GMT

Dubai Islamic Bank rights issue massively oversubscribed to reach nearly AED 9 billion

Ziyad Bin Mahfouz, CEO of Elaf Group
June 27th, 2016 - 05:16 GMT

Saudi hotel occupancy seen to grow as Umrah pilgrims arrive during Ramadan

Lebanon's imports from Britain stand at only $600 million a year while exports to the country are valued at $40 million. (LinkedIn)
June 27th, 2016 - 05:00 GMT

Lebanon expects Brexit benefits in EU import bills

Emaar Properties chairman Mohamed Alabaar at the opening of Dynergy Technologies' state-of-the-art switchboard manufacturing plant in TechnoPark, Dubai in 2010. (World Property Journal)
June 27th, 2016 - 04:23 GMT

Dubai's new industrial strategy targets $43.5B additional income by 2030

During the event
June 27th, 2016 - 03:44 GMT

Gulf Bank celebrates Girgi’an with children of Kuwait

Recent assets acquired by Middle Eastern investors include Claridge’s, The Connaught and the Berkeley in London’s Knightsbridge. (File photo)
June 26th, 2016 - 12:30 GMT

Will Brexit trigger a UK property shopping spree by Middle East investors?

During the event
June 26th, 2016 - 11:52 GMT

Oryx Rotana distributes iftar meals and celebrates Garangao as part of the hotel’s social responsibility initiatives

The agreements were supported by the Central Bank of Jordan (CBJ) which allows banks to use money allocated to the energy sector against low interest rates when funding programmes implemented by the fund.  (Shutterstock)
June 26th, 2016 - 11:30 GMT

Jordan renewable energy projects get support from fund, banks

Dr Asmaa Al-Fadala, Director of Research, WISE, speaking in Beijing
June 26th, 2016 - 10:31 GMT

WISE research report launched in Beijing

Female employment rates are calculated by dividing the number of Saudi women registered in social security by the establishment’s total employment numbers. (File photo)
June 26th, 2016 - 10:30 GMT

Saudization: Ministry unveils new nationalization quota calculation

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