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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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Jordan used to export 180,000-200,000 tonnes of fruit and vegetables to Iraq each year but were forced to export via Kuwait after the border crossing was closed. (File photo)
May 22nd, 2016 - 12:00 GMT

Hopes for agricultural sector revival with 'imminent' reopening of Jordan-Iraq border crossing

During the event
May 22nd, 2016 - 11:19 GMT

51 du employees dedicate 120 hours to volunteering for Give & Gain Day

Officials from Russia (L) and Egypt (R) sign an agreement to build Egypt's first nuclear power plant as Egyptian President Abdel Fattah al-Sisi (C) in November 2015. (Facebook)
May 22nd, 2016 - 11:00 GMT

Egypt approves $25B Russian loan for Dabaa nuclear power plant construction

Saudi's retail sector has been experiencing the same crunch as in other Gulf markets, brought on by the steep dive in oil prices and the fallout this had on consumer spending habits. (Damas)
May 22nd, 2016 - 10:49 GMT

Damas expansion: UAE retail jewelry chain sees sparkle in Saudi market

Everything may seem to be a lot cheaper when bought in bigger quantities. (Shutterstock/mandritoiu)
May 22nd, 2016 - 10:22 GMT

Bigger isn't always better: Wholesale buying may not always save money

Jamal Abdullah Lootah, CEO, Imdaad.
May 22nd, 2016 - 10:14 GMT

Imdaad to showcase new facilities management innovations at FM Expo 2016

AUD at UAE Army Job Fair
May 22nd, 2016 - 10:05 GMT

AUD at UAE Army job fair

The IMF standby arrangements allow the fund to respond quickly to countries’ external financing needs, and to support policies designed to help them emerge from crisis, with lending tailored to member countries' needs.
May 22nd, 2016 - 10:00 GMT

Iraq: New $5.4B IMF loan conditional on reducing $20.5B budget deficit

During the event
May 22nd, 2016 - 09:52 GMT

DEDTalks launches a new platform for idea exchange on economic policy and strategies in Dubai

There was almost a 24-hour time lapse between the first instance of reporting on the aeroplane’s disappearance and the Egyptian authorities announcing that it had crashed, despite statements early on by other governments that the plane had gone down into the sea. (AFP/Thomas Samson)
May 22nd, 2016 - 09:50 GMT

Egypt begins mourning victims of EgyptAir MS804

Lamsa, an Arabic language app, has grown to become the region's leading edutainment app for children. (File photo)
May 22nd, 2016 - 09:36 GMT

Lamsa Arabic edutainment app reaches one billion minutes of reading

flynas
May 22nd, 2016 - 09:15 GMT

Flynas expand their frequencies between Abu Dhabi and Saudi Arabia

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