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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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Oman is expected to post an OMR 3.3bn ($8.6bn) budget deficit this year due to lower oil revenues. (Scenoplus)
June 1st, 2016 - 11:00 GMT

Oman’s corporate tax hike hopes to boost coffers by $650M

Hamad Medical Corporation
June 1st, 2016 - 10:57 GMT

Hamad Medical Corporation (HMC) launches new customer service program – Nesma’ak

Group Chairman and CEO Sultan Ahmed Bin Sulayem
June 1st, 2016 - 10:36 GMT

Collaboration and innovation key to bridging $5 trillion infrastructure gap of one Belt One Road countries

Your device could serve as a unique identifier for any third party who might be interested in collecting data. (Shutterstock)
June 1st, 2016 - 10:26 GMT

Beware, your smartphone can be infected via USB-to-computer charging

European and East-Asian countries are most preferred by Saudi tourists. (File photo)
June 1st, 2016 - 10:19 GMT

Saudi tourists spent $7.4B around the world in 2015

GE Global Supplier Forum
June 1st, 2016 - 10:15 GMT

Over 300 global business leaders from over 20 countries participate in GE’s Global Supplier Forum to strengthen Saudi supply chain

A number of smaller producers had become overly dependent on oil as a source of revenue, when prices were high, and did not make efforts to diversify their economies.  (Twitter)
June 1st, 2016 - 10:00 GMT

Smaller oil producers expected to follow the leader at OPEC meet

During the event
June 1st, 2016 - 09:45 GMT

GFH awarded gold and silver awards at the 2016 Transform Awards MENA

Hyundai Motor
June 1st, 2016 - 09:26 GMT

Hyundai uses Nürburgring 24h race as real-world test for prototype high-performance engine

Mohammed Lootah, Executive Director of CCCP
June 1st, 2016 - 09:22 GMT

DED awards ‘VIP Category’ rating to Azadea Group for success in Self Inspector campaign

ASUS
June 1st, 2016 - 09:19 GMT

ASUS Middle East Republic of Gamers announces Rampage V Edition 10

The GCC is one of the fastest growing markets in terms of visitors’ numbers and spending, and Britain is firmly placed among the top three European destinations for tourism. (Shutterstock/Cedric Weber)
June 1st, 2016 - 09:00 GMT

Barmy for Blighty: Record number of Gulf tourists visited UK in 2015

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