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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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Gulf International Bank
August 14th, 2016 - 08:39 GMT

Gulf International Bank reports a first half profit of $41.7 million

(Flickr/Fabio Achilli)
August 14th, 2016 - 08:00 GMT

Catch that cab: Dubai to add 2000 taxis to fleet over next five years

Qatar Foundation
August 14th, 2016 - 07:46 GMT

Qatar National Research Fund announces winners of 19th Undergraduate Research Experience Program

Polycom
August 14th, 2016 - 07:17 GMT

Polycom recognised separately by Gartner and IDC MarketScape as a leader in videoconferencing market

The riyal’s exchange rate  is currently at 3.75 against the U.S. dollar according to the Central Bank's website. (File photo)
August 14th, 2016 - 07:00 GMT

Saudi Arabia reaffirms commitment to dollar peg

Mr Hussain Sajwani, Chairman, DAMAC Properties
August 14th, 2016 - 06:59 GMT

DAMAC Properties Dubai reports net profit of AED 1.94 billion in first half of 2016

HE Saeed Mohammed Al Tayer
August 14th, 2016 - 06:53 GMT

Quote of HE Saeed Mohammed Al Tayer, MD & CEO of DEWA on world youth day

Ziyad Bin Mahfouz, CEO of Elaf Group
August 14th, 2016 - 06:36 GMT

Growth in tourism for religious purposes segment plays key role in bolstering Saudi Arabia’s ‘post oil’ plan

Austerity measures were inevitable with or without the IMF loan. (File photo)
August 14th, 2016 - 06:00 GMT

Egypt's $12B IMF loan: Long-term benefits disputed

During the event
August 14th, 2016 - 05:32 GMT

EQUATE & Faculty of Dentistry at Kuwait University discuss cooperation

Ooredoo
August 14th, 2016 - 05:29 GMT

Ooredoo celebrates Olympic gold Medal with free local and international calls for all postpaid customers

Kia
August 14th, 2016 - 05:23 GMT

Kia Motors posts 5.4% rise in global sales in July

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