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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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Egypt's President Abdel Fattah al-Sisi and Japan's Prime Minister Shinzo Abe review an honour guard during Sisi's four-day visit to Japan. (AFP/Kazuhiro Nogi)
March 2nd, 2016 - 08:00 GMT

Sisi secures nearly $18B in Japanese funding

Azerbaijan's capital Baku is two and a half hours flight from the GCC. (Shutterstock)
March 2nd, 2016 - 07:00 GMT

Azerbaijan loosens visa regulations for GCC countries

The Central Bank will publish a list of the financial institutions involved, so that would-be beneficiaries may apply directly for loans. (Panoramio)
March 2nd, 2016 - 06:00 GMT

Jordan's SMEs get a $100M boost from Kuwait fund

Egypt hopes to follow the example of the 2014 Hybrid-Electric Challenge in Dubai which was a tremendous success. (File photo)
March 2nd, 2016 - 05:00 GMT

Inspiring innovation: Egypt to host first international competition for electric vehicles

The Saudi Cabinet of Ministers met Monday in Riyadh to review market sentiments expressed last week at an international energy conference in Houston. (File photo)
March 1st, 2016 - 01:00 GMT

Oil inches up on Saudi pledge but Iran production casts a shadow

Egypt's Prime Minister Sherif Ismail. (Twitter)
March 1st, 2016 - 12:00 GMT

Egypt's Debt Soars to $293 Billion: Prime Minister

An artist's impression of the Layan complex. (Image courtesy of GDN)
March 1st, 2016 - 11:00 GMT

Bahrain announces $80M water park and luxury residential complex

The extension of Emirates Road to the Ras al-Khaimah ring road is one of the many road projects that has been approved. (Structcon)
March 1st, 2016 - 10:00 GMT

UAE infrastructure considered 'top priority' as government approves $1.9B for projects

The airline said the decision was taken in light of no changes in travel advice from the UK government. (Wikimedia Commons)
March 1st, 2016 - 09:10 GMT

UK's Monarch airlines extends ban on flights to Sharm El-Sheikh

Security plays an important role in developing the MICE market, as travelers want to feel secure while meeting or discovering a new city, (Shutterstock/Caoweiphoto)
March 1st, 2016 - 08:00 GMT

Work and play: A third of visitors to GCC are business tourists

The company expects output from Taq Taq will be around 80,000 bpd for 2016. (Geopolitica.cat)
March 1st, 2016 - 07:00 GMT

Genel takes a $1B hit on cheap KRG oil

The Jewel of the Creek development covers 123,955 square metres between Al Maktoum bridge and the Floating Bridge. (Roda Hotels)
March 1st, 2016 - 05:55 GMT

Roda Hotels to hire 10,000 for Dubai projects

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