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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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Kuwait's new budget will be dominated by various reform measures to help fight the hardships the economy is facing.  (Pictured here: Sabah Al-Ahmad Al-Sabah, ruler of Kuwait/ AFP)
January 8th, 2018 - 10:54 GMT

Kuwait Projects Higher Revenues in 2018-2019 Budget

The projects will add more than 2,000 quality homes to Al Furjan community comprising spacious studio, one- and two-bedroom apartments and commercial area.
January 8th, 2018 - 10:52 GMT

Azizi Development to Deliver $489 Million Al Furjan Projects in 2018

Bahrain Clear will provide Seef Properties with online services that include real-time shareholding confirmations with the percentage of investors’ holdings’ dealings, investors’ account statements, and other periodical.
January 8th, 2018 - 10:42 GMT

Seef Properties, Bahrain Clear Sign Share Registry Agreement

Ithmaar Bank Chief Executive Officer Ahmed Abdul Rahim.
January 8th, 2018 - 10:41 GMT

Ithmaar Bank Queuing App Reduces Customer Waiting Time

Officials during the launch ceremony
January 8th, 2018 - 10:17 GMT

Dubai Land Department Launches Initiative to Spearhead Growth in Real Estate

This latest initiative joins a long list of environment preservation practices adopted by Oman Oil Marketing Company.
January 8th, 2018 - 10:13 GMT

Oman Oil Marketing Company to Use Solar Energy to Generate Electricity to Its Service Stations

 Dhafer Al Ahbabi, Chairman of Al Ramz Corporation PJSC
January 8th, 2018 - 10:04 GMT

Al Ramz Capital Ranked First in DFM in 2017

Saudi government employees receive SR12.7 billion in salaries every month. (John Moore/ AFP)
January 8th, 2018 - 10:00 GMT

Saudi Arabia Spends $43.5 Billion on Government Employees in 2017

Soul Wellness Spa
January 8th, 2018 - 09:57 GMT

Sheraton Grand Hotel, Dubai Launches Soul Wellness & Spa

The new store is the ninth franchise operated by Recharge Oman and will provide all-customers with Ooredoo’s full-range cost-effective digital services and high-standard of customer care.
January 8th, 2018 - 09:48 GMT

Ooredoo Inaugurates 50 Store in Falaj Al Qabail

DEWA won three gold prizes in the Idea of the Year category, and Team Idea of the Year.
January 8th, 2018 - 09:40 GMT

Dewa Wins Eight Global Innovation Awards

Along with a spike in the cryptocurrency market, malicious mining software has been actively deployed by criminals in order to make easy money and became a major trend in 2017. (Shutterstock)
January 8th, 2018 - 09:23 GMT

Kaspersky Lab: Users Expose Themselves to Risk by Downloading Pirated Software

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