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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 16th, 2015 - 10:20 GMT

Egyptian banks offer support to struggling tourism sector

Al Bawaba
December 16th, 2015 - 09:40 GMT

Tax rates, compliance demands in the Middle East among world's lowest as usual: report

Dubai was officially named the Expo 2020 location in November. (Al Bawaba/File)
December 16th, 2015 - 07:48 GMT

Expo 2020 team gets to work: Seventy-two contracts awarded by Expo 2020 Dubai committee

Al Bawaba
December 16th, 2015 - 02:00 GMT

Egypt: USAID grants $57M for higher education partnerships program

Al Bawaba
December 16th, 2015 - 01:01 GMT

'Visit Russia' office opens in UAE

Al Bawaba
December 16th, 2015 - 12:00 GMT

Oman to build MENA's first 'green' sebacic acid plant

Another Saudi consolate is expected to open in Erbil, according to reports. (Zawya)
December 16th, 2015 - 11:00 GMT

Saudi Arabia resumes diplomatic relations in Iraq after 25 years

Al Bawaba
December 16th, 2015 - 10:00 GMT

Cash-strapped Egypt gets a $500M loan from the African Development Bank

Al Bawaba
December 16th, 2015 - 09:00 GMT

Lebanon granted membership to EBRD

Saudi Arabia has sanctioned the Binladin Group and has prevented its executives from leaving the country pending the investigation's outcome. (AFP/File)
December 16th, 2015 - 08:00 GMT

Mecca crane tragedy: five found guilty, including government officials

Al Bawaba
December 16th, 2015 - 07:00 GMT

Dubai's ports operator DP World announces $1.9B investment in China

Marketers anticipate lower consumer demand in 2016 in the wake of weak oil prices. (Dubai Airports Connect)
December 16th, 2015 - 05:21 GMT

Austerity ahead for MENA's 'Mad Men': Advertising agencies expect budget cuts

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