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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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Al Bawaba
February 23rd, 2016 - 12:00 GMT

GCC banks may face double squeeze due to low oil prices: Moody's

High-rise buildings, especially commercial buildings, consume a significant amount of energy. (File photo)
February 23rd, 2016 - 11:00 GMT

UAE's climate-smart infrastructure 'will replace conventional architectural styles'

Tarek Amer, governor of the Central Bank of Egypt. (File photo)
February 23rd, 2016 - 09:49 GMT

Egypt won't float currency until reserves reach at least $25B: CBE

The RTA has also introduced extensive and significant financial enhancements to the investment structure of the project. (Design Mena)
February 23rd, 2016 - 09:00 GMT

Dubai's Union Oasis project tender deadline extended

Raytheon Cybersecurity found that Middle Eastern students were aware of cybersecurity threats and how to protect themselves. (File photo)
February 23rd, 2016 - 08:00 GMT

Cybercrimes cost GCC $1 billion a year

Financial market and oil market developments injected caution into Kuwait's real estate market. (File photo)
February 23rd, 2016 - 07:00 GMT

Kuwait's real estate market hits five-year low

The report by consultancy Strategy& said that regional construction firms face a slew of challenges such as low oil prices and geopolitical issues. (Shutterstock)
February 23rd, 2016 - 06:45 GMT

GCC construction companies urged to slash staff and procurement costs

Egyptian households consume on average 234 kwh per month with an average of 212 kwh for rural households and 260 kwh for urban households. (File photo)
February 23rd, 2016 - 05:01 GMT

Power players: Egyptians' electricity consumption 'much higher' than average

Under Saudi's  labor law, companies employing 50 women or more must provide childcare facilities. (Shutterstock)
February 22nd, 2016 - 02:40 GMT

Saudi working women struggle with childcare solutions

President Buhari is expected to visit Medina and Mecca prior to continuing to Doha. (Supporting Syria Conference)
February 22nd, 2016 - 01:31 GMT

Nigeria's President Buhari to discuss oil, investments in Saudi and Qatar

The Bo Islands project will be developed in six phases on the Alexandria-Marsa Matrouh north coast road. (Construction Week Online)
February 22nd, 2016 - 12:00 GMT

Crystal Lagoons land $2M for luxury waterfront developments in Egypt

Al Bawaba
February 22nd, 2016 - 11:00 GMT

Harvard Law School students lose funding over support for Palestinians

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