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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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PwC also estimates that AI could contribute up to $15.7 trillion to the global economy in 2030, more than the current output of China and India combined.
July 14th, 2019 - 06:30 GMT

AI Systems to Play a Key Role in Security System Transformation in UAE

During the event
July 14th, 2019 - 06:27 GMT

NBO’s Al Kanz Savings Account Half-Year Mega Draw Awards Two Winners With Omr 500,000

During the event
July 14th, 2019 - 06:13 GMT

‘Abu-Ghazaleh’ and Aroqa Conclude the Reviewer of Quality Assurance in Education Program

All construction buildings that were created in the past have a certain life span, after which the structure is unsafe as it can collapse.
July 14th, 2019 - 06:00 GMT

Construction Aggregates Market Set to Hit Nearly $623 Billion in the Next 10 Years

During the event
July 14th, 2019 - 05:52 GMT

Burgan Bank Holds a Summer Workshop for Its Youth Account Holders

Sources said most of the CDM machines in the country are not equipped to scan Emirates ID.
July 14th, 2019 - 05:30 GMT

Bank Announces Changes in Cash Deposits in UAE

Earlier in June, Moody’s lowered its credit rating for Turkey to B1, bringing it in line with Standard & Poor’s rating of B+
July 14th, 2019 - 01:00 GMT

Fitch Downgrades Turkey’s Credit Rating With a Negative Outlook

To hide a reply to your tweet, simply tap on the down arrow on the reply and select 'Hide Reply'.
July 13th, 2019 - 03:00 GMT

Twitter Is Testing a New Feature That Will Allow Users to Hide Replies

Facebook's cryptocurrency Libra “cannot go forward” unless the company takes serious measures to allay concerns.
July 13th, 2019 - 01:00 GMT

Bitcoin Price Down After Fed’s Anti-Libra Comments

Facebook CEO Mark Zuckerberg
July 13th, 2019 - 12:00 GMT

Facebook Faces $5 Billion FTC Fine, the Largest Given to a Technology Company

Non-Opec oil supply is forecast to grow by 2.4 mb/d in 2020, higher than in the current year.
July 13th, 2019 - 10:00 GMT

OPEC: Global Oil Demand in 2020 to Grow by 1.14 Million bpd

They have steadily declined since 2014 as Egypt sought to become a regional energy hub.
July 13th, 2019 - 08:28 GMT

Egypt’s Arrears to Foreign Oil Companies Declined to $900 Million at the End of June

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