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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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UAE property prices are considerably cheaper than in other leading cities in the world and have dropped significantly since mid-2014. (Shutterstock)
July 18th, 2016 - 08:00 GMT

Only 30 percent of UAE residents own homes, citing affordability concerns

Wael Allan, Chief Operating Officer of Drake & Scull International PJSC
July 18th, 2016 - 07:58 GMT

Eni Iraq B.V. awards Drake & Scull AED 226 million water injection installation contract for Iraq’s Zubair oil field

Emojis have become a means of daily conversation and expression. (Shutterstock)
July 18th, 2016 - 07:29 GMT

Instagram's top 25 emojis: Which ones are your favorites?

Other than credit and debit cards, another mechanism leading the way is prepaid cards. (File photo)
July 18th, 2016 - 07:21 GMT

Cashless payments trend gains ground globally but MENA is slow on the uptake

Simply put, your employer brand is your promise to your employees and future candidates. (Shutterstock)
July 18th, 2016 - 07:06 GMT

Tips on building a strong employer brand

During the event
July 18th, 2016 - 07:00 GMT

Al Qassimi Hospital organizes the First Gulf Retina Conference In collaboration with Bayer

RWE operates in concession areas at the Red Sea’s Gabal El-Zeit, Ras Gharib, Ras Badran in Abordes in South Sinai, and Desouk in Kafr El-Sheikh. (File photo)
July 18th, 2016 - 07:00 GMT

Egypt: $400M oil ministry debt behind unpaid salaries at Germany's RWE

A wedding affair at Rixos the Palm
July 18th, 2016 - 06:53 GMT

A wedding affair at Rixos the Palm

Jafza is now one of the world’s biggest free zones, accounting for almost 32 percent of total FDI (foreign direct investment) flow into the country. (Arabian Supply Chain)
July 18th, 2016 - 06:53 GMT

What is the future of the free zone model in the GCC?

Harish Chib, Vice President, Middle East & Africa, Sophos
July 18th, 2016 - 06:00 GMT

Sophos delivers an enhanced partner program for MEA

Cost competitiveness has improved in recent decades, allowing nuclear technology to become a serious component of energy diversification strategies. (File photo)
July 18th, 2016 - 06:00 GMT

Fiscal constraints hamper nuclear energy projects in MENA: Apicorp

United Arab Bank
July 18th, 2016 - 05:54 GMT

Financial results – Q2 2016 UAB’s transformation strategy remains on track

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