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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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Big Bus Tours, Etihad Airways, Al Burj Travel, Park Hyatt Abu Dhabi Hotel and Villas, Jannah Hotels and Resorts, and Al Mafraq Hotel will also participate in the roadshow. (File photo
March 14th, 2016 - 09:00 GMT

Abu Dhabi Tourism & Culture European roadshow gets underway

Oman Rail had already significantly advanced plans for its $11 billion rail network. (File photo)
March 14th, 2016 - 08:00 GMT

Oman Rail on track for completion by 2020

GCC governments currently have deposits estimated at $860 million in Banque du Liban. (File photo)
March 14th, 2016 - 07:00 GMT

Weakening GCC-Lebanon tensions will negatively affect banking sector: Moody's

Egypt recently announced plans to purchase $20M in bomb detectors for its airports. (File photo)
March 14th, 2016 - 06:00 GMT

Egypt allocates an additional $32M towards airport security

The minister said he expects Iran’s crude oil exports to hit 2 million bpd this month. (Iran Daily)
March 14th, 2016 - 05:11 GMT

Iran will consider oil production freeze after four million barrels

Vakifbank, Turkey's third-largest state bank, has received approval to launch an Islamic banking division. (EBRD)
March 13th, 2016 - 01:00 GMT

Islamic finance gains ground in Turkey

Mecca retailers have been accused of colluding to fix rice prices. (AFP/Farjana Khan Godhuly)
March 13th, 2016 - 12:17 GMT

Rage over rice prices: Saudi consumers accuse traders of monopolizing market

The statement comes at a time when the government is considering granting a license to majority state-owned Telecom Egypt. (Orange)
March 13th, 2016 - 11:50 GMT

Orange Egypt warns against granting fourth mobile operator license

The Mafraq project is expected to be completed in August 2017. (File photo)
March 13th, 2016 - 11:20 GMT

Saudi firm acquires majority stake in Jordanian power plant company

Out of the 173 private schools in Dubai, 65 offer the UK curriculum. (File photo)
March 13th, 2016 - 10:00 GMT

Dubai private schools witness explosive growth

The aircraft flew from Milan to JFK and will continue to operate to 37 destinations in the Emirates network. (Facebook/Screenshot)
March 13th, 2016 - 09:00 GMT

Emirates' AC Milan A380 takes flight

The global event is hosted by the UAE every two years. (Facebook)
March 13th, 2016 - 08:00 GMT

World's largest homeland security event to be held in Abu Dhabi

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