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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
December 29th, 2015 - 02:00 GMT

Despite tensions, Egypt and Russia to sign final Dabaa nuclear power plant contract

Al Bawaba
December 29th, 2015 - 01:00 GMT

Fuel up, subsidies to be slashed: Saudi braces for cost-cutting reforms

Part of the Arab Fund loan will be allocated to improve the infrastructure and tourist facilities around Petra. (File photo)
December 29th, 2015 - 12:00 GMT

Jordan gets $71M loan from Arab Fund for Petra, SMEs, weather forecasting infrastructure

The first batch of Saudi-funded French weapons arrived in Beirut in April. (AFP/Anwar Amro)
December 29th, 2015 - 11:00 GMT

Lebanon denies Saudi arms grant is stalled

Al Bawaba
December 29th, 2015 - 10:40 GMT

'Marathon' meetings between Shell-BG and Leviathan partners to finalize Israel gas export to Egypt

OPEC's last meeting in November ended without concrete plans to change the status quo. (File photo)
December 29th, 2015 - 10:00 GMT

Russia's playing the blame game over oil prices

Al Bawaba
December 29th, 2015 - 09:00 GMT

Cheap surfing: Bahrain's broadband costs down 85 percent in five years

Al Bawaba
December 29th, 2015 - 08:00 GMT

Egypt: short-lived relief for car buyers as rumored new tax to offset customs exemptions

Al Bawaba
December 29th, 2015 - 07:00 GMT

UAE and China reach for the stars with MOU on outer space research

Al Bawaba
December 29th, 2015 - 05:50 GMT

Stealth construction: Israel plans more than 63,000 new settlement homes in West Bank

Next year's revenues are forecast at $137B. (File photo)
December 28th, 2015 - 05:52 GMT

Saudi announces $224B budget for 2016

Al Bawaba
December 28th, 2015 - 04:00 GMT

The UAE's cruise industry is in shipshape

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