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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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Only 36 countries have ever convicted someone for terrorism financing and only 40 have used targeted financial sanctions, according to the FATF executive secretary. (Twitter)
February 28th, 2016 - 10:00 GMT

Loopholes in fight against terror funding require intensified efforts: G20

Al Bawaba
February 28th, 2016 - 08:39 GMT

Fight in the skies: GCC price war over airfares

The debt maturity profile of the region is expected to rise until 2020. (File photo)
February 28th, 2016 - 07:00 GMT

The depths of debt: GCC must repay $94B in bonds and loans by 2017

London City Airport is the closest air hub to the financial capital of Europe. (Wikimedia Commons)
February 28th, 2016 - 06:17 GMT

Kuwaiti-Canadian group partners with American fund to acquire London City Airport


The Paris Court of Appeal directed Total to pay a €750,000 [$826,000] fine. Vitol also received a €300,000 fine. (VK)
February 28th, 2016 - 05:52 GMT

Total, 13 companies hit with $826M fine over Iraq Oil for Food corruption scandal

THe S&P downgrade coincided with Bahrain launching a $750 million, two-part bond reopening. (Shutterstock)
February 25th, 2016 - 01:00 GMT

Bahrain denounces 'unwarranted' ratings downgrade

At least 75 percent of those surveyed were unaware of their health condition due to lack of regular health checks. (File photo)
February 25th, 2016 - 11:00 GMT

Occupational hazards: Migrant workers in UAE vulnerable to lifestyle diseases

The UAE will re-think its internal rail network if the GCC-wide deadline is deferred according to the UAE minister for infrastructure. (File photo)
February 25th, 2016 - 10:00 GMT

GCC rail: 2018 deadline is unfeasible

Hotels in Cairo, Madina, Muscat and Ras Al Khaimah reported increased occupancy rates in 2015. (Hotels.com)
February 25th, 2016 - 09:00 GMT

Challenging forecast for MENA hoteliers sparks renewed interest in mid-budget investments

Aircraft leasing, fuel, staff, ground handling and other expenses must be paid in dollars. (Air Cargo News)
February 25th, 2016 - 08:00 GMT

Air France-KLM urge release of $13M blocked in Egypt

Artist's impression of Nakheel's $280M Palm Gateway Towers. (Nakheel)
February 25th, 2016 - 07:15 GMT

Dubai construction projects underway valued at $390B

The recall follows the discovery of a piece of red plastic in one of Snickers bar purchased in Germany.  (Shutterstock/Ekaterina Minaeva)
February 25th, 2016 - 07:00 GMT

Calorie control: Mars Gulf recalls chocolates, Jordan authorities seize stock

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