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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 15th, 2016 - 04:48 GMT

DP World Yarimca opens for business

According to Moody's, combination of lower growth, higher debt levels and smaller domestic and external buffers leave Saudi Arabia less well positioned to weather future shocks. (AFP/File)
May 15th, 2016 - 04:21 GMT

Saudi Arabia, Oman, Bahrain suffer second ratings downgrade: Moody's

Qatar Foundation
May 12th, 2016 - 11:35 GMT

Qur'anic Botanic Garden lectures at University of Malaya

Dubai beat Yekaterinburg, Russia; Izmir, Turkey; and São Paulo, Brazil in a bid to host the 2020 world's fair.  (Twitter)
May 12th, 2016 - 11:34 GMT

Dubai Expo 2020's masterplan revealed

During the event
May 12th, 2016 - 11:00 GMT

Ahli United Bank honours long service employees

Emad Morcos, Chief Content Officer, OSN
May 12th, 2016 - 10:33 GMT

OSN appoints Emad Morcos as Chief Content Officer to drive strategy for exclusive content

Khalid Hadi, Vice President of Marketing and Corporate Communications Division at ADNOC Distribution
May 12th, 2016 - 10:17 GMT

ADNOC Distribution reopens Embassies Area Service Station in Abu Dhabi after completion of developmental work

From the visit
May 12th, 2016 - 10:07 GMT

Minister of Energy visits Mohammed bin Rashid Al Maktoum Solar Park & control-centre compound

During the event
May 12th, 2016 - 10:05 GMT

Etihad Airways wins leading finance awards for unique bond agreement and best treasury team

There has been a 43 per cent drop in the price of oil and gas sold by the company since last year.  (Taqa)
May 12th, 2016 - 10:00 GMT

Abu Dhabi National Energy Company posts $165M loss

During the event
May 12th, 2016 - 09:48 GMT

Dubai Customs accolades winners of Dubai Customs Awards for IPR Films Category

During the event
May 12th, 2016 - 09:28 GMT

For the seventh year:AUC students earn Outstanding Delegation Award in NY NMUN

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