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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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Careem has brought a new fleet of specially-adapted vehicles into its network and modified its reservation system. (File photo)
July 28th, 2016 - 07:00 GMT

Careem launches service for disabled travelers in Saudi

Etisalat reported earnings of $626 Million in the second quarter of 2016. (File photo)
July 28th, 2016 - 06:00 GMT

Etisalat profits jump by 51 percent

Hussein Hachem, Aramex CEO
July 28th, 2016 - 05:04 GMT

Aramex records double digit revenue growth in second quarter of 2016

Four Seasons Hotels and Resorts
July 28th, 2016 - 04:58 GMT

Four Seasons announces new area presidents of hotel operations

Fresh grads in the UAE want to feel passionate about their job, while nearly 10 percent said they didn't know what salary to expect at their first job. (Shutterstock)
July 28th, 2016 - 04:58 GMT

For UAE grads, passion for the job comes before salary

Failures make for better leaders, says Emaar Properties chairman Mohamed Alabbar. (File photo)
July 28th, 2016 - 04:00 GMT

Alabbar Enterprises buy over $100 million worth of stakes in Aramex

A Saudi woman looks at her mobile as she walks through a coffee shop. (AFP/File)
July 27th, 2016 - 03:00 GMT

Forty percent of mobile stores fall short of ‘Saudization’ plan

Recycling machine
July 27th, 2016 - 02:39 GMT

Recycling _ a priority fot Mediterranean countries

Tourists stand in front of the Royal Opera House in Omani capital Muscat. (AFP/File)
July 27th, 2016 - 02:00 GMT

Oman gets the Royal go ahead on plan to diversify economy

The plethora of online banking sites and mobile banks apps have changed how people interact with their money. (Shutterstock)
July 27th, 2016 - 01:00 GMT

The rise of banking apps for the middle class

Tourists look at scarves at a market on December 19, 2014 in the Omani capital. (File photo)
July 27th, 2016 - 11:45 GMT

Tourists and investors can stay in Oman longer on new multiple entry visa scheme

Tunisia and Morocco are building their economic partnership. (Al Bawaba)
July 27th, 2016 - 11:00 GMT

Tunisian, Moroccan Chambers of Commerce meet to discuss economic partnership

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