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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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During the event
May 25th, 2016 - 06:12 GMT

Intel Corporation and Huawei take smart transportation to the next level

Hamad Medical Corporation
May 25th, 2016 - 05:36 GMT

Quality improvement conference boasts record poster competition entries

Participants at the 2016 WDL Arab Peninsula Regional Group Meeting
May 25th, 2016 - 05:30 GMT

Qatar National Library and World Digital Library hold WDL Arab Peninsula Regional Group meeting

LG Chiller
May 25th, 2016 - 05:24 GMT

Getting smart about sustainability

After the seminar
May 25th, 2016 - 05:13 GMT

DuPont Middle East seminar instills culture of workplace safety among Heriot-Watt University Dubai students

Allegations about the UAE’s suitability to chair KP from the CSC were “strongly refuted and rejected” by the UAE.   (Shutterstock)
May 25th, 2016 - 05:00 GMT

UAE proceeds with Kimberley Process meeting amid controversy over its chairmanship

Iran continues to stress that it has no plans to freeze the level of its oil production and exports. (File photo)
May 25th, 2016 - 04:17 GMT

Oil recovery to $65 a 'fair price' to encourage investment: Qatari minister

The vote drew fire from BDS activists on Jordanian social media networks. (File photo)
May 25th, 2016 - 03:58 GMT

Jordan's parliament votes to allow Israel to buy into Jordanian investment Fund

Abdulaziz Al Rashed
May 25th, 2016 - 03:44 GMT

Ooredoo proud to support Athlete Abdulaziz Al-Rashed

Bahrain Financial Harbour skyscrapers in Manama. (Shutterstock)
May 24th, 2016 - 12:02 GMT

Bahrain's Mumtalakat plans $400M in international investments

Russia's Sberbank has displayed interest in incorporating a specialized sector for Islam-based banking transactions. (Kiev Post)
May 24th, 2016 - 11:31 GMT

Major Russian banks to pilot Islamic banking principles

Gulf Bank announces the Middle East’s first ‘Blinking to Bank’ biometric mobile banking app
May 24th, 2016 - 10:46 GMT

Gulf Bank announces the Middle East’s first ‘Blinking to Bank’ biometric mobile banking app

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