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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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The airline has reined in its network to focus primarily on regional routes. (File photo)
June 9th, 2016 - 08:00 GMT

Not out of the red yet: Gulf Air reports 62 percent reduction on 2014 losses

DEWA Head Office
June 9th, 2016 - 07:51 GMT

DEWA’s Iftar tent provides for 2,200 people daily during Ramadan

June 9th, 2016 - 07:30 GMT

Mashreq announces new Head of its Asset Management business

Goals to reduce government spending on wages by 5 per cent (by SAR24 billion) will likely largely be achieved by not replacing the people leaving the public sector workforce and benefit cuts. (File photo)
June 9th, 2016 - 07:00 GMT

Saudi's bold reform targets require further formulation, economists warn

Hamad Medical Corporation
June 9th, 2016 - 06:42 GMT

HMC dietitian advises dialysis patients to eat healthily during Ramadan

Among MENA's greatest risks are a further slide in oil prices, escalation of conflict, and further negative effects of security challenges and social unrest in countries not entrenched in war. (File photo)
June 9th, 2016 - 05:00 GMT

Slow growth ahead: World Bank downgrades global forecast to 2.4 percent

Ooredoo
June 9th, 2016 - 04:30 GMT

Protégés kickoff sixth season of youth program

The proposed merger would create a bank with combined assets of almost $16 billion, according to Bloomberg. (File photo)
June 9th, 2016 - 04:19 GMT

Proposed merger of Bank Sohar, Bank Dhofar will create Oman's second largest bank

Carving out a piece of your budget to add playtime into the office is one of the best ways enhance team collaboration. (Pinterest)
June 8th, 2016 - 12:00 GMT

Take team building to the next level in MENA

British Airways suspended flights to Sharm El Sheikh in November 2015 following a plane crash in Sinai which killed 224 people, mostly Russian tourists. (Twitter)
June 8th, 2016 - 12:00 GMT

British Airways hopes to resume flights to Sharm El Sheikh in September

Those who planned their trips well ahead of time probably made the most savings. (File photo)
June 8th, 2016 - 11:37 GMT

Don't let long layovers burn a hole in your wallet

Being out of cellphone reception is no problem if you own a satellite phone. (Farsnews)
June 8th, 2016 - 11:16 GMT

Thuraya's SatSleeve transforms your smartphone into a satellite phone

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