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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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Etihad Airways
July 27th, 2016 - 05:03 GMT

Etihad Airways announces additional A380 service to New York’s JFK airport in response to strong passenger demand, beginning June 2017

Ski Dubai, visible from the new Aspen Chalets. (AFP/File)
July 27th, 2016 - 05:00 GMT

Winter wonderland: Dubai debuts Aspen Chalets with view of Ski Dubai

As inflation rises, the value of Egyptian currency decreases. (Shutterstock)
July 27th, 2016 - 04:00 GMT

Egyptian economic experts predict inflation rate will continue to climb

HE Saeed Mohammed Al Tayer
July 26th, 2016 - 11:09 GMT

Suqia extends deadline to participate in USD 1 million Mohammed bin Rashid Al Maktoum Global Water Award

Yahoo said July 18, 2016 its loss in the second quarter widened to $440 million from $22 million a year earlier, while offering no definitive news on efforts to sell its core Internet business. (AFP/Karen Bleier)
July 26th, 2016 - 11:02 GMT

Verizon set to acquire Yahoo in $4.8 Billion deal

A Palestinian boy sits amidst used clothes and items at the weekly flea market in the Nusseirat Refugee Camp, central Gaza Strip, on February 29. (AFP/File)
July 26th, 2016 - 11:00 GMT

World Bank: Private sector could be a key driver for growth in MENA

Nadim Najjar, Managing Director of Thomson Reuters, Middle East and North Africa,
July 26th, 2016 - 10:12 GMT

Dubai Silicon Oasis Authority and Thomson Reuters to host second ‘Innovation 4 Impact’ pitch competition

Egypt, which has been facing foreign currency shortages, devalued the pound to 8.78 in March then hiked key rates by 150 basis points just days later to control inflation. (File photo)
July 26th, 2016 - 10:00 GMT

Egypt’s Central Bank expected to maintain rate at monetary policy meeting

Dr. Hussam Al Soub
July 26th, 2016 - 09:13 GMT

HMC raises awareness on preventing viral hepatitis in line with WHO global strategy

Deloitte
July 26th, 2016 - 09:04 GMT

Deloitte recognized as Middle East’s best Continuity and Resilience provider in 2016

During the event
July 26th, 2016 - 09:00 GMT

Mashreq’s happiness account draw announces winners of AED 100,000 cash prize

The Solar Impulse 2 touched down in Abu Dhabi Tuesday morning, completing the first round-the-world trip of a zero-fuel plane. (Wikimedia Commons)
July 26th, 2016 - 09:00 GMT

Solar plane completes historic round-the-world journey in Abu Dhabi

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