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BUSINESS

BUSINESS latest

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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Iran has taken some similar steps to increase its revenues from tourism under US sanctions.
July 24th, 2019 - 10:30 GMT

Iran Extends Visa-Waiver Program for Chinese Tourists

Ooredoo has upgraded its popular Visitor Packs to offer tourists and business travellers to Oman extra data to snap, chat and surf for longer
July 24th, 2019 - 10:25 GMT

Ooredoo Upgrades Visitor Packs for the Khareef Season

Microsoft will be accepting funding requests up to $100,000 in areas like climate change, biodiversity conservation, agriculture and water.
July 24th, 2019 - 10:09 GMT

Microsoft Partners With Leonardo Dicaprio Foundation to Empower Regional Change-Makers to Use AI for Good

New-look Edge redefines the midsize SUV segment with vast array of driver assist technologies designed to keep you safe
July 24th, 2019 - 10:02 GMT

The New Ford Edge: The Smartest, Safest and Most Advanced Ford SUV Ever

Facebook said in April that it expected to pay up to $5 billion to settle the probe.
July 24th, 2019 - 10:00 GMT

Facebook to Pay $5 Billion Fine Over Users’ Privacy Violations

HUAWEI P30
July 24th, 2019 - 09:50 GMT

Huawei Launches the Huawei P30 Lite 48MP Edition in Saudi Arabia

GE Kuwait Sabiya West
July 24th, 2019 - 09:41 GMT

GE’s Gas Turbine Upgrades Increase Output and Efficiency at Kuwait’s Sabiya West CCGT 2,000 MW Power Plant

During the event
July 24th, 2019 - 09:31 GMT

Abu-Ghazaleh Receives the South Korean Ambassador to Discuss Launch of Office in Seoul

The IMF again stressed that resolving uncertainty remains the most pressing issue for the global economy
July 24th, 2019 - 09:30 GMT

IMF: Global Economy to Face a Precarious 2020

Nad Al Sheba Villas
July 24th, 2019 - 09:23 GMT

Nakheel Launches High-End Villas for Lease at Nad Al Sheba

Countries of the GCC region also witnessed the completion of $88.5 billion (AED324.8 billion) worth of construction projects in the first half of 2019
July 24th, 2019 - 09:10 GMT

Saudi Arabia’s Construction Market Investments Reach $63.5 Billion in Q2 2019

The 5G-related investment would allow China to obtain a massive share in terms of intellectual property.
July 24th, 2019 - 09:01 GMT

5G: A Two-Edged Sword for China?

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