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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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HSBC slashed its price targets on Emaar and Damac Properties as its property analyst estimates a 20 per cent fall in sales.  (File photo)
March 1st, 2016 - 05:00 GMT

Fear factors: Six shadows over the GCC property and credit cycle

In the last 12 months, Investcorp’s total real estate acquisitions have exceeded $1.5 billion in gross asset value.  (Twitter)
February 29th, 2016 - 12:00 GMT

Bahrain's Investcorp acquires $180M Washington DC property

Japan's lending package includes a $155 million loan to expand Egypt's Borg Al-Arab airport, 50km southwest of Alexandria. (Pinterest)
February 29th, 2016 - 11:00 GMT

Egypt to receive Asian loans worth $575M

Half of Zaatari's children are not in school because they are working illegally. (Twitter)
February 29th, 2016 - 10:00 GMT

Refugee child labor on the rise in Jordan but new employment proposal brings hope

Residents of the beleaguered Gaza Strip rely heavily on donor aid for their survival. (File photo)
February 29th, 2016 - 09:00 GMT

Japanese grants boost Gaza water, medical facilities

Ten Broadway will comprise 72 luxury apartments, a restaurant and health and fitness facilities. (Vimeo)
February 29th, 2016 - 08:00 GMT

Abu Dhabi Financial Group to develop London's New Scotland Yard complex

McGill has ranked in the top 25 universities in the world by the Times Higher Education Supplement for four consecutive years. (Twitter)
February 29th, 2016 - 07:00 GMT

Canadian university fails to pass BDS motion

Around $5.5B of remittances come from Lebanese working in the GCC. (File photo)
February 29th, 2016 - 06:00 GMT

Lebanon banks deny Gulf nationals are withdrawing deposits

The announcement comes as part of the wider social housing programme. (File photo)
February 28th, 2016 - 06:00 GMT

Egypt plans 656,000 affordable housing units by 2018: Sisi

Egypt’s demands are unequivocal: Rafah and the idea of a seaport in Gaza, will be open only once control is handed over to the Palestinian Authority.  (File photo)
February 28th, 2016 - 01:00 GMT

Gaza seaport plans: Between a rock and a hard place

Kul Sharif Mosque in Kazan, Tatarstan, one of the largest mosques in Russia. (Shutterstock)
February 28th, 2016 - 12:09 GMT

Islamic finance set to grow in Russia with new hub in Tatarstan

Egypt has directed a large part of its attention to Egyptians abroad after the 25 January Revolution in 2011. (Twitter)
February 28th, 2016 - 11:00 GMT

Egypt: Are expat remittances the key to solving the foreign currency crisis?

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