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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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A tourist walks past empty sunbeds on a beach in Egypt. (AFP/File)
August 8th, 2016 - 06:00 GMT

Ministry of Tourism desperately trying to revive beleaguered sector in Egypt

Wish hosts webinar on avoiding adverse drug reactions to achieve greater patient safety
August 8th, 2016 - 05:28 GMT

WISH hosts webinar on avoiding adverse drug reactions to achieve greater patient safety

Akhtaboot job fairs
August 8th, 2016 - 05:21 GMT

Akhtaboot announces 7th Job Fair 2016 in Irbid, Amman, and Aqaba

During the event
August 8th, 2016 - 05:19 GMT

Georgetown summer program prepares high school students for university success

du opens new shop in Wafi Mall
August 8th, 2016 - 05:09 GMT

du expands its retail presence with a Shop opening in Wafi Mall

The plan aims to protect the environment, in line with the strategy to achieve the green economy in the city.  (File Photo)
August 8th, 2016 - 05:00 GMT

36 additional bridges and roads in store for Dubai

The world’s leading suppliers of event technology will partake in the region’s specialist industry trade show later this year. (File Photo)
August 8th, 2016 - 04:00 GMT

AV and entertainment market boosted by ME key sectors

28th Memorial Journey for Pearl Diving
August 8th, 2016 - 03:40 GMT

Gulf Bank hails success of 28th Memorial Journey for Pearl Diving

The growth in Saudi's oil sector is driven mainly by record oil production that remained above the 10 million bpd level throughout 2016.(File Photo)
August 7th, 2016 - 04:16 GMT

Saudi oil sector increases by 5.1 percent

The decline in UAE oil prices is expected to be taking a toll on consumer sentiment. (File Photo)
August 7th, 2016 - 02:00 GMT

Decreasing confidence in Middle East market

The international smart building market is expected to touch $36.3 billion by 2020. (Trade Arabia)
August 7th, 2016 - 01:00 GMT

UAE leading Gulf state in smart building solutions

Egypt announced in 2014 ambitious plans to develop renewable energy. (File photo)
August 7th, 2016 - 12:00 GMT

Investors' high hopes clouded by Egypt’s solar power struggles

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