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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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Nakheel is providing its expertise to facilitate Al Akaria's expansion in Saudi Arabia. (Hotelier Middle East)
March 13th, 2016 - 07:18 GMT

Nakheel seals deal with Al Akaria for Riyadh housing complex developments

The government’s agreement comes as thousands of protesters gathered in Riad al-Solh Square in central Beirut demanding an end to the trash crisis. (File photo)
March 13th, 2016 - 07:01 GMT

Will Lebanon's new landfill plan solve the trash crisis?

The cost to implement 4.5G throughout Lebanon is estimated at $600M over five years. (File photo)
March 10th, 2016 - 12:28 GMT

Lebanon's need for speed: Alfa to bring 4.5G service network in five years

Egypt's tourism suffered another blow following the suspicious death of Cambridge University researcher Giulio Regeni. (Wikimedia Commons)
March 10th, 2016 - 12:10 GMT

UK travel firm Thomas Cook postpones Egypt charter flights until October

An unmanned surface vehicle operated by the US Navy. (Wikimedia Commons)
March 10th, 2016 - 10:00 GMT

UAE's Al Markeb enters joint venture with Raytheon for unmanned surface vehicles production

The CBE decision is expected to help curb hikes in the US dollar rate in the parallel market. (File photo)
March 10th, 2016 - 09:00 GMT

Egypt lifts dollar spending caps for companies importing basic goods

Up to fifteen oil producing countries, which produce 73 percent of the world's oil, are prepared to freeze their oil production. (File photo)
March 10th, 2016 - 08:00 GMT

Russia to hold oil production-freeze talks late March

The MCCI fears that both private and public sectors will be weakened by the proposed policy. (Shutterstock/:
Fedor Selivanov)
March 10th, 2016 - 07:00 GMT

Saudi's reduced working week plans could cost $26.6B: Mecca Chamber chairman

Severe rains closed schools and Abu Dhabi airport, and caused widespread delays at Dubai's airport. (AFP/File)
March 10th, 2016 - 06:00 GMT

Insurance companies prepare for extensive claims following UAE storm

In January 2016 Iraq exported an average of 3.88 million barrels a day, including exports from Iraqi Kurdistan. (File photo)
March 10th, 2016 - 05:00 GMT

Iraq is the third largest market for infrastructure projects in the GCC

Hilton Salwa Beach Resort & Villas Hilton will include a water park, marina, dive center, cinemas, pools, health club, spa and retail space. (Hill International)
March 9th, 2016 - 02:02 GMT

Qatar's tourism drive is in full swing

Saudi Aramco recently announced the possibility of an initial public offering in the future. (File photo)
March 9th, 2016 - 01:37 GMT

Saudi Aramco to ramp up production over next ten years

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