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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 Atomic Energy Commission chairman insists that the nuclear program is vital to ensure diversity in the energy mix in the Kingdom, which has been dependent on imported fuel. (File photo)
May 19th, 2016 - 11:00 GMT

Jordan seeks funding for nuclear energy program expansion

During the event
May 19th, 2016 - 10:46 GMT

UAE concludes its participation in the 41st Annual Meeting of IDB Board of Governors

Korean cars topped sales in the second-hand market, acquiring 50% of sales, followed by Japanese cars with 30% of sales. (Shutterstock)
May 19th, 2016 - 10:00 GMT

Egypt's foreign currency crisis drives second-hand car prices up 50 percent

Turkish Airlines
May 19th, 2016 - 09:11 GMT

Turkish Airlines announces its 15th destination in the Americas; The inaugural flight to Atlanta marks the airline’s 9th US destination

Adjustments to the regulation last month made obtaining a holiday home licence easier for property owners and allowed renters to apply for short-term permits to host guests with the agreement of their landlord. (File photo)
May 19th, 2016 - 09:00 GMT

Airbnb signs 'responsible hosting' agreement with Dubai Tourism

During the event
May 19th, 2016 - 08:30 GMT

GEMS Education honours long-serving teachers and staff

Lexus
May 19th, 2016 - 08:21 GMT

Al-Futtaim Motors launches its 2016 Ramadan Rewards by Lexus

How technology can be put to better use to improve crisis response will be a key theme at the World Humanitarian Summit in Istanbul next week, where a Global Alliance for Humanitarian Innovation will be launched. (YouthOp)
May 19th, 2016 - 08:00 GMT

Harnessing innovation and technology to help refugees

Jordan's energy minister said that the project would create the necessary infrastructure for the interconnection with Saudi Arabia. (File photo)
May 19th, 2016 - 08:00 GMT

Electrifying: Jordan to link to GCC grid via Saudi Arabia

During the event
May 19th, 2016 - 07:05 GMT

Huawei reaffirms commitment to Kuwait ICT innovation through its ‘Opening Roads to the Cloud’ IT Truck Roadshow

The Dutch company Shell acquired all assets and concessions of BG in February 2016.  (Shell)
May 19th, 2016 - 07:00 GMT

Egypt: Shell and British Gas to receive $400M of $3.2B dues in June

Swiss watchmaker BOMBERG sets new trends unveiling its 2016 newest collection:  BOLT-68 Falcon
May 19th, 2016 - 06:57 GMT

Swiss watchmaker BOMBERG sets new trends unveiling its 2016 newest collection: BOLT-68 Falcon

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