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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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The overall project could take anywhere up to 15 years to develop into its full potential.  (File photo)
September 8th, 2016 - 05:59 GMT

Dubai's $8B Wholesale City courts investors for phase one of development

The Start Up Lebanon-Silicon Valley roadshow follows a successful event in New York last year. (Facebook)
September 8th, 2016 - 05:37 GMT

Start Up Lebanon entrepreneurs head to Silicon Valley Roadshow

Pilgrims circling the Kaaba, Islam's holiest shrine, at the Grand Mosque in Saudi Arabia's holy city of Mecca, on September 6, 2016.  (AFP/Ahmad Gharabli)
September 8th, 2016 - 05:16 GMT

Hajj season drives 40-currency exchange boom in Saudi Arabia

A recent report released by InterNations ranked Kuwait as the worst country in the world for expatriates. (AFP/File)
September 7th, 2016 - 01:00 GMT

Study, then stay: Kuwait MP wants mandatory testing for expats to remain in country

The library will host over 100 cultural and cognitive events yearly, a permanent art gallery, and a home for specialised institutions that support development of Arabic language content. (Protenders)
September 7th, 2016 - 12:00 GMT

Dubai: $272M contract awarded for construction of mega library

Elan Group has run flagship events such as the Qatar Motor Show, while Live Nation has staged numerous world-class concerts over Dubai Music Week. (Wikimedia Commons)
September 7th, 2016 - 11:00 GMT

Qatar World Cup 2022: Elan Group, Live Nation partner to manage two stadiums

There is a plan to install regulatory signs in four different languages: Arabic, English, French and Japanese.  (File photo)
September 7th, 2016 - 10:00 GMT

Egypt's tourism ministry company takes over management of Giza Pyramids complex

Sberbank, the country’s largest bank by assets, seeks to raise between $200M and $300M for a client this year via Islamic finance. (AFP/Andrey Smirnov)
September 7th, 2016 - 09:00 GMT

Russian state banks get on the Islamic finance bandwagon

Nearly 30 percent of the assets of banks in Lebanon are in cash. (File photo)
September 7th, 2016 - 08:00 GMT

Lebanon's dash for cash: Demand for hard currency doubles over seven years

Moody's said that the VAT will exacerbate already high inflation amid widely discussed currency devaluation. (File photo)
September 7th, 2016 - 07:06 GMT

Egypt's deficit expected to rise to 12 percent despite new VAT: Moody's

Fundraising in the region has dried up this year after the drop in oil prices affected demand for new public offerings. (File photo)
September 7th, 2016 - 06:00 GMT

IMG Worlds of Adventure owners consider financing options as cheap oil bites

Medina Airport, also known as Prince Mohammad bin Abdulaziz International Airport. (File photo)
September 7th, 2016 - 05:04 GMT

Turkey's TAV in talks to purchase Saudi Oger shares in Medina airport operator

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