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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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Britain’s North Sea fields have been particularly strongly impacted as they have some of the world’s highest exploration and production costs. (Shutterstock)
June 12th, 2016 - 09:41 GMT

UK's oil and gas industry reels from job losses

HE Younis Haji Al Khoori, Undersecretary of MoF
June 12th, 2016 - 09:32 GMT

MoF signs cooperation agreement with UAE Central Bank

Keep a track of your transactions and account activity even when you're travelling. (Shutterstock)
June 12th, 2016 - 09:24 GMT

Know before you go: Planning your holiday finances

adidas x Parley running shoe
June 12th, 2016 - 09:20 GMT

adidas and Parley celebrate World Oceans Day by releasing iconic shoe

FORD GT racing
June 12th, 2016 - 09:03 GMT

Ford preparing to go all out at Le Mans 24 Hours

Oman is against introducing income tax for expats due to pressures such as the recent removal of fuel subsidies, a factor that has added to inflation, and the introduction of VAT . (Shutterstock)
June 12th, 2016 - 09:00 GMT

Expats' income in Oman will remain tax-free: Ministry of Manpower

The room before it was renovated as part of ROTA’s ‘Reach Into Qatar’ project
June 12th, 2016 - 08:26 GMT

ROTA community development project positively impacting lives across Qatar

Ahmed Mahboob Musabih, Director of Dubai Customs
June 12th, 2016 - 08:06 GMT

Innovative services drive Dubai Customs to the top of ‘Happiness Index’

Mercedes-Benz
June 12th, 2016 - 07:07 GMT

Mercedes-Benz Oman launches service week in Salalah ahead of Khareef season

A WFP ship bringing fuel supplies to Aden in July 2015. (Twitter)
June 12th, 2016 - 07:00 GMT

Yemen: Respite for Aden's fuel crisis as power station refueled

World Summit Awards 2016
June 12th, 2016 - 06:41 GMT

Telecommunications Regulatory Authority opens registration for World Summit Awards 2016 for ‘The World’s Best Interactive Contents’

Aldar Properties
June 12th, 2016 - 06:28 GMT

Aldar Properties PJSC announces the launch of new eProcurement portal

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