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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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The ministry has also set restrictions on offices recruiting workers from overseas, mandating that they submit a two-year bank guarantee of KD 40,000 ($132,358) (File photo)
July 17th, 2016 - 04:58 GMT

Too little, too late? Kuwait introduces minimum wage for domestic workers

Flight tracking website FlightAware.com so far listed 33 canceled departures for Friday and Saturday. (AFP/File)
July 16th, 2016 - 06:45 GMT

Turkey: Flights cancelled, diverted as nation reels from coup attempt

The first installment will be allocated to the areas of the relief of the displaced, education, health, and social care.  (File photo)
July 14th, 2016 - 01:00 GMT

Iraq receives first tranche of $5.3B IMF loan

The Omagine Project will have seven pearl shaped buildings, each with a different theme.  (Omantourism.gov.com)
July 14th, 2016 - 12:00 GMT

Oman's $2.5B Omagine Project targets 2024 completion

Why rely on the airplane's inflight entertainment system when you can bring your own in the palm of your hands? (Pixabay)
July 14th, 2016 - 11:17 GMT

Plane sailing: Travel gadgets to ease your journey

The secretary general of the UAB expects the British pound devaluation and resulting inflation following the Brexit vote to have negative implications for Arab remittances.  (Infowoman.gr)
July 14th, 2016 - 11:00 GMT

Brexit could negatively impact $560M of Arab expat remittances from UK

Turkish Airlines
July 14th, 2016 - 10:51 GMT

Turkish Airlines Investor Relations mobile application is released

The most common machines have various security features such as watermark and ultraviolet detection. (Wikipedia)
July 14th, 2016 - 10:46 GMT

Countering the counterfeit: How to spot the fakes

Of total SWF assets around the world, $4.9 trillion comes from oil and gas. (File photo)
July 14th, 2016 - 10:14 GMT

The world's top ten biggest sovereign wealth funds

Singapore's Raffles Hotel, the flagship of FRHI Hotels & Resorts. (Wikipedia)
July 14th, 2016 - 10:00 GMT

AccorHotels eyes MidEast luxury market after FRHI acquisition

The reservoir of King Talal Dam is the largest reservoir in Jordan, storing freshwater and treated wastewater for irrigation in the Jordan Valley. (Wikipedia)
July 14th, 2016 - 09:00 GMT

Jordan launches $13M project to combat effects of climate change

Ministry of Finance
July 14th, 2016 - 08:58 GMT

MoF begins implementation of circular no.3 ‘uploading Emirates ID details within employees’ records in the Federal Financial System’

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