Reuters Iraq’s prime minister said the country has not yet reached its full oil market share, suggesting his government would not restrain crude output as part of any possible OPEC agreement to lift prices. “And the capping, we are not open to that because Iraq is still below what it should produce,” Haider al-Abadi told reporters, responding to a ...

  Reuters Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month. OPEC’s third-largest producer has been boosting output after the lifting of Western sanctions in January. Tehran refused ...

Emirates Business In the lead up to the public holidays marking Eid Al Adha in September, the Turkish Ministry of Culture and Tourism is looking to visitors from Gulf countries to offset the recent slump in the nation’s tourist numbers. Tourism is a critical source of Turkey’s GDP – the sector generated USD 35.1 billion in revenues in 2015 – ...