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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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BAB Music festival
May 17th, 2016 - 11:13 GMT

Al-Markazia is the official sponsor of BAB Music festival openness to diverse global arts

Dubai Investments
May 17th, 2016 - 11:06 GMT

Dubai Investments, BILDCO sign MoU for AED 250 million steel plant in Abu Dhabi

In December, the Health Ministry's tally showed 189 drugs were in short supply but had available substitutes and a further 43 drugs were in short supply with no substitute. (Shutterstock)
May 17th, 2016 - 10:47 GMT

Egypt raises cheap drug prices by 20 per cent to stem shortages

One of the biggest obstacles to feminising the private and public sectors is providing a suitable work environment. (Shutterstock)
May 17th, 2016 - 10:19 GMT

Saudi Labor Ministry scheme to create 50,000 outsourced jobs for women

A $300,000 investment gets you permanent residency after two months and then a Cypriot passport after three and a half years.  (Twitter)
May 17th, 2016 - 10:04 GMT

Wealthy Lebanese invest their way to citizenship

With more stores open and demand weak, average sales per outlet are lower than in 2009. (File photo)
May 17th, 2016 - 09:48 GMT

Luxury retailers face more competition, less demand in the UAE

Emirates Airline
May 17th, 2016 - 09:34 GMT

Emirates to introduce its Boeing 777 on its Tunisia service

During the workshop
May 17th, 2016 - 09:30 GMT

Dubai Chamber pursues 4th Generation of Government Excellence System

Four Points by Sheraton Ras Al Khaimah
May 17th, 2016 - 09:27 GMT

Starwood expands presence in the UAE with the signing of Four Points by Sheraton Ras Al Khaimah

The new changes represent the biggest overhaul of the sovereign wealth fund since 2014. (File photo)
May 17th, 2016 - 09:26 GMT

Qatar’s sovereign wealth fund restructures, creates $100B unit

During the event
May 17th, 2016 - 08:35 GMT

Oman Arab Bank concludes series of strategic integrated training workshops

MasterCard
May 17th, 2016 - 08:23 GMT

MasterCard commits up to $1 million to advance financial inclusion in Rwanda

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