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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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Abu Dhabi-based international retailer plans to develop a second shopping mall. (File photo)
August 22nd, 2016 - 05:00 GMT

Lulu Group to invest $300M in new Kerala mall

Al Bawaba
August 22nd, 2016 - 04:00 GMT

Tackling creative block at the office

The world’s leading suppliers of event technology will partake in the region’s specialist industry trade show later this year. (File Photo)
August 21st, 2016 - 04:00 GMT

MENA entertainment market booms

Nissan Patrol
August 21st, 2016 - 10:04 GMT

‘Going Anywhere’ now even easier with Nissan Al Babtain’s latest prices and offers across the Patrol range

A woman stands in line for subsidised bread. (AFP/File)
August 21st, 2016 - 10:00 GMT

Egypt-IMF deal brings in tough austerity measures

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
August 21st, 2016 - 09:56 GMT

DEWA awards consultancy contract for 4th phase Aweer Power Station ‘H’

Barra Olympic Park - Gabriel Heusi, Brasil 2016
August 21st, 2016 - 09:39 GMT

GE celebrates 10 years of Olympic Games sponsorship and surpasses US$ 1.5 billion in infrastructure sales to host cities since 2006

Regional countries undertaking massive renewable energy projects. UAE has emerged as a pioneer in this sector with the Masdar initiative. (AFP/File)
August 21st, 2016 - 09:14 GMT

Will this expat creation provide free energy to the UAE?

Thirty per cent of the $10 billion project will be financed equally by Jordan and Russia. (File photo)
August 21st, 2016 - 09:00 GMT

A nuclear Jordan by 2025? Kingdom seeking funding for first nuclear power plant

During the event
August 21st, 2016 - 08:57 GMT

Capital Club Bahrain presents ‘Celebrity Chef Series’

Aref Al Ramli, Head of Digital Banking, Mashreq
August 21st, 2016 - 08:40 GMT

Mashreq forges new ground with card control service on Snapp Mobile

Four Seasons Hotel Prague opens new AVA Spa
August 21st, 2016 - 08:34 GMT

Four Seasons Hotel Prague opens new AVA Spa

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