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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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In January, Gulf Air announced orders for 45 aircraft in total with deliveries commencing from Q2 2018. (AFP/File)
July 13th, 2016 - 11:00 GMT

Bahrain's Gulf Air awards $900M contract to Rolls-Royce for Dreamliner engines

Aldar Properties
July 13th, 2016 - 10:15 GMT

Strong progress continues on Aldar residential developments

In September 2015, 107 people were killed and more than 200 injured when a crane belonging to the Saudi Binladin Group collapsed onto the Grand Mosque in Mecca. (AFP/File)
July 13th, 2016 - 10:00 GMT

Date of Mecca crane collapse trial to be announced shortly

Emirates scored the highest in terms of the quality of inflight entertainment, while Qatar Airways’ business class cabin was voted the world’s best. (File photo)
July 13th, 2016 - 09:57 GMT

Gulf carriers dominate at Skytrax 'World’s Best Airlines' awards

During the event
July 13th, 2016 - 09:46 GMT

Families enjoy fun-filled and educational reading activities during Eid

During the event
July 13th, 2016 - 09:36 GMT

Georgetown students travel to study the living memory of Zanzibar’s 1964 revolution

The winner
July 13th, 2016 - 09:30 GMT

Mohammed Al Huweidi named winner of Mahmoudia Motors’ Facebook Jaguar F-PACE Competition

John Iossifidis, Head of Corporate & Investment Banking Group, Mashreq
July 13th, 2016 - 09:25 GMT

Mashreq & Arab Bank arrange BHD 107 Million facilities for the Bahrain International Airport Modernization Project

New image renders might give us an idea of the upcoming Android smartwatch. (Tbreak)
July 13th, 2016 - 09:22 GMT

A figure of our imagination: A rendering of Google's new Nexus smartwatch

Representatives from National Bank of Fujairah with participants in the NBF GenNext initiative
July 13th, 2016 - 09:20 GMT

National Bank of Fujairah hosts “NBF GenNext” programme to help build a new generation of business leaders in the UAE

We have a fundamental belief at Bayt.com, that without our community, we would not be where we are today. (Bayt)
July 13th, 2016 - 09:14 GMT

How Bayt.com gave back over Ramadan

Because of Brexit, GCC banks which are looking for alternative sources of funding to compensate lower government deposits are unlikely to receive new external funding from the UK. (Shutterstock)
July 13th, 2016 - 09:00 GMT

Brexit impact on GCC sovereigns will be minimal: Moody's

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