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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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Running under the theme 'Enabling Digital Transformation in an Age of Disruption', this pioneering half-day event will begin at 8.30am on January 22.
January 18th, 2018 - 02:04 GMT

Oracle, IDC to Host Exclusive Roundtable for Banking Executives in Dubai

The Jeddah Tower is projected to be over 1,000 meters (3,281 feet) tall, eclipsing Dubai’s Burj Khalifa, which is over 828 meters. (Photo courtesy of the developer)
January 18th, 2018 - 02:01 GMT

Work Begins on Jeddah Tower, World's Tallest Skyscraper

Saudi Arabia’s SR978 billion ($260 billion) budget for 2018 sends a strong signal that the government is serious about supporting the economy, says NBK.
January 18th, 2018 - 01:56 GMT

Saudi 2018 Budget Backing Non-Oil Sector: NBK

Saudi Aramco has signed a three-party Joint Development Agreement (JDA) to scale up and commercialize Aramco’s thermal crude to chemicals (TC2C) technology.
January 18th, 2018 - 01:50 GMT

Aramco Signs Agreement for Crude to Chemicals Technology

Over one-third of vehicles will be electric by 2040, with performance improvements and competitive pricing, said a new report from Masdar. (Pixabay)
January 18th, 2018 - 01:43 GMT

One-Third of Vehicles Will Be Electric by 2040: Masdar

“I don’t want the deaf to pay any penny for this service.” - Raafat Al Saifi, CEO of Signcom, the company behind the app. (Courtesy of Signcom)
January 18th, 2018 - 01:34 GMT

Jordanian App Ensures Confidentiality for Banking Clients With Hearing Disabilities

When famine hit Ukraine in 1933, young females lived 50 percent longer than males. (Shutterstock)
January 18th, 2018 - 01:32 GMT

Women Are More Resilient Than Men When Times Are Tough: Study

According to the latest report from consultancy EY, room rates fell 1.4 per cent year-on-year to $286 (Dh1,050), leading to a 2.8 per cent drop in revenue per available room to $252.
January 18th, 2018 - 01:20 GMT

Dubai Hotel Rates, Occupancy Dip in November: Report

The United Arab Emirates central bank’s plan to change the way a key interest rate used to price debt is calculated has been postponed.
January 18th, 2018 - 01:02 GMT

UAE Postpones Changes to Key Interest Rate Formula

Bitcoin has all the hallmarks of a speculative bubble but the global economy will be fine even if it bursts, analysts say. (Shutterstock)
January 18th, 2018 - 01:00 GMT

Bitcoin Bubble Will Burst, But No Big Deal

The passengers who download the new app can benefit from a %15 discount on all domestic and international flights.
January 18th, 2018 - 12:52 GMT

Turkish Airlines' Mobile App Offers Discount Flight Tickets

Under the MoU, the two organizations will work closely towards reducing cases of diabetes in the region as well as ensure that those affected by the lifestyle disease receive the much needed assistance to effectively manage the condition.
January 18th, 2018 - 12:37 GMT

Novo Nordisk and Friends for Diabetes Form Partnership to Help Curb Type 1 Diabetes in UAE

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