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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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There are currently eight Egyptian ports on the Red Sea used to transport goods and passengers between the two countries.  (Nautica expo)
August 18th, 2016 - 02:05 GMT

Saudi, Egypt mull new $11M marine link between Tabuk, Dahab

Egypt is scrambling to secure some $5B in bilateral financing needed to ensure that a $12B IMF lending programme will go ahead. (AFP/File)
August 18th, 2016 - 01:15 GMT

Egypt scores $2B deposit from Saudi Arabia

Candidates started registration to run in the September 20 polls on Tuesday, and the Independent Election Commission will be receiving applications until Thursday. (AFP/File)
August 18th, 2016 - 12:50 GMT

Jordan's parliamentary candidates harness social media to connect to voters

Around 1.8 million overseas workers from the Philippines are estimated to be based in Saudi Arabia. (AFP/File)
August 18th, 2016 - 12:28 GMT

Saudi Arabia to repatriate stranded Filipino workers free of charge

Averda
August 18th, 2016 - 11:40 GMT

Averda’s new contract win aims to increase recycling in Dubai

Raed Dawood, Director of Government Relations and Corporate Affairs at Ooredoo
August 18th, 2016 - 10:51 GMT

Ooredoo partners with Qatar Airways to bring extra Nojoom rewards

MateBook
August 18th, 2016 - 10:47 GMT

Business with Style – on the go! The HUAWEI MateBook now available in Saudi Arabia

The main motivation appeared to be financial gain resulting either from sales of stolen intellectual property and business intelligence, or from attacks on their victim’s banking accounts. (Shutterstock)
August 18th, 2016 - 10:00 GMT

Malware claiming to be from UAE bank hits 30 countries: Kaspersky

Subsidising electricity generated from oil and gas has made potential growth in the renewable energy sector falter. (Shutterstock)
August 18th, 2016 - 09:00 GMT

Egypt electricity price hikes: A bitter pill to swallow

Excited students at Jumeirah College after receiving their results
August 18th, 2016 - 08:36 GMT

GEMS Education’s A-Level students achieve remarkable 2016 results

Epson
August 18th, 2016 - 08:21 GMT

Epson takes photograph print quality and flexibility to new levels at Photokina

Deloitte
August 18th, 2016 - 07:58 GMT

Deloitte Middle East Point of View: Virtual Reality boom rising in MENA

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