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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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Around 1.8 million overseas workers from the Philippines are estimated to be based in Saudi Arabia. (AFP/File)
August 18th, 2016 - 12:28 GMT

Saudi Arabia to repatriate stranded Filipino workers free of charge

The main motivation appeared to be financial gain resulting either from sales of stolen intellectual property and business intelligence, or from attacks on their victim’s banking accounts. (Shutterstock)
August 18th, 2016 - 10:00 GMT

Malware claiming to be from UAE bank hits 30 countries: Kaspersky

Subsidising electricity generated from oil and gas has made potential growth in the renewable energy sector falter. (Shutterstock)
August 18th, 2016 - 09:00 GMT

Egypt electricity price hikes: A bitter pill to swallow

The Gaza Strip’s Hamas-run government continues to face a dire financial crisis that has prevented it from regularly paying the salaries of many public employees. (Paltoday.ps)
August 18th, 2016 - 06:00 GMT

Gazan civil servants begin receiving salaries with help from $31M Qatari grant

Syrian refugee children in Al-Ramtha, Jordan. (Wikipedia)
August 18th, 2016 - 05:00 GMT

Jordan defends itself against claims that it 'restricts Syrian refugee children’s access to schools'

The finance ministry stopped reimbursing expenses for the crane 10 months earlier because it was no longer considered useful. (AFP/File)
August 18th, 2016 - 04:00 GMT

Mecca crane crash trial: Finance Ministry provides a new twist

Egypt has requested $1B from the UAE as part of $2 billion financial aid promised by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed during his visit to Cairo a few months ago. (File photo)
August 17th, 2016 - 01:09 GMT

Egypt looks to Arabia for another $5B in aid

Gold 24K, the purest possible, currently sells for approximately EGP 522, the new 14K sells for EGP 304.6. (Shutterstock)
August 17th, 2016 - 11:00 GMT

Egypt launches 14K gold in bid to combat rising prices

Search and security teams will carry out inspections inside camps and buildings to make sure there are no LPG tanks or cylinders.  (File photo)
August 17th, 2016 - 09:00 GMT

Saudi Arabia bans use of LPG at holy sites during Hajj

The new hotel will have 230 rooms, including 27 suites.  (Times of Oman)
August 17th, 2016 - 08:00 GMT

Sheraton Oman to re-open its doors in Muscat after ten years

The legislation requires the State Investment Council, which manages more than $80 billion in pension assets, to identify any potential investments in companies with Israeli boycotts and to divest from them. (File photo)
August 17th, 2016 - 07:00 GMT

New Jersey becomes the latest US state to pass anti-BDS legislation

Parliamentary speaker Abdul Aal said that Egyptian airports have implemented about 85% of Russia’s demands regarding flight safety recommendations. (AFP/File)
August 17th, 2016 - 06:00 GMT

Russian delegation returns to Egypt for airport security review

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