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Economy and Policy

Economy and Policy latest

Iran gas cutoff knocks up to 4,500 MW off Iraq’s power grid
December 24th, 2025 - 07:48 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Iran gas cutoff knocks up to 4,500 MW off Iraq’s power grid

ALBAWABA- Iraq faces major energy shock as Iran halts gas exports, slashing up to 4,500 MW from national grid Iraq’s power sector was hit hard after Iran suspended all natural gas exports, wiping out 4,000 to 4,500 megawatts from the national grid and exposing the fragility of the country’s already overburdened electricity system. Spokesman Ahmed Moussa said Baghdad received an official notification from Tehran citing “extraordinary circumstances,” prompting the shutdown ...
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Egypt’s new Prime Minister Hesham Qandil summed the new mood when he described the visit of the IMF chief Christine Lagarde as sending a positive message that Egypt is stabilizing
August 26th, 2012 - 01:30 GMT

Three reasons Mursi wants IMF loan

Al Bawaba
August 26th, 2012 - 09:53 GMT

Samsung hosts fun-filled activities at smart TV academy

50 Dollars bill
August 26th, 2012 - 08:32 GMT

Poor little rich kids: world's wealthiest lose billions on stocks

Plastic factory
August 26th, 2012 - 07:00 GMT

Plastic fantastic: Lebanese investor starts up factory in Jordan

Gulf market
August 23rd, 2012 - 12:45 GMT

Gulf markets a little chaste after holy month of Ramadan

As far as 2012 is concerned, the outlook is positive across the MENA region with the respondents consistently believing that their personal financial situation will take a turn for the better
August 23rd, 2012 - 11:19 GMT

MENA citizens on the financial rise

Oman also has much smaller oil and gas reserves than the other five GCC member states
August 22nd, 2012 - 12:33 GMT

No oil slick for Oman: finances stay strong

There are a number of opportunities in Bahrain and, through Bahrain, to the wider GCC
August 22nd, 2012 - 11:08 GMT

Bahrain markets itself as 'Gulf gateway' for Malaysian investment

The number of GCC employees in the private sector increased four percent to 3,031 employees in 2011
August 22nd, 2012 - 10:58 GMT

GCC turns its focus to UAE investments

Iraq remained the fastest growing market with exports and re-exports to the country increasing from only AED 4.1 billion from January to June of 2011 to a high of AED 19.4 billion for the same period in 2012, the report said
August 22nd, 2012 - 09:54 GMT

Saudi stays on top of Dubai export market

Al Bawaba
August 22nd, 2012 - 08:36 GMT

Middle East fire industry expected to be worth USD 1.12 billion by 2013

Everyone was waiting for the summer season to reactivate the economy
August 22nd, 2012 - 07:49 GMT

Serious risks of bankruptcies in Lebanon due to escalating violence, says Commerce Chairman

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