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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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Iran is on course to become the world’s largest importer of natural gas by 2025 unless it can rein in rampant domestic demand,
March 6th, 2014 - 03:55 GMT

Isn't it supposed to be the exporter here? With its slow progress, Iran forced to triple gasoline imports

"Under such a scenario, sovereign credit quality in the GCC would be affected to varying degrees, with Bahrain and Oman most vulnerable to a potential downward adjustment of their sovereign rating."
March 6th, 2014 - 03:55 GMT

Nothing gentle here: Moody's tells GCC states to brace themselves for a 'gentle decline in oil prices'

Zaza played down the extent of the money crunch, saying that “we are facing hardship and not a crisis.”
March 5th, 2014 - 08:14 GMT

With the Egyptian blockade, is Hamas in deep financial trouble? Well, its employees are complaining about not being paid

Last week the World Bank announced a $1.2bn programme to support economic and political reform in Tunisia after the adoption in January of a new constitution.
March 5th, 2014 - 03:55 GMT

Ready to borrow more than a billion: Tunisia's PM says economic woos could become "catastrophic"

Al Bawaba
March 5th, 2014 - 03:00 GMT

Medicine in Malaysia: What's the UAE got to do with it?

Al Bawaba
March 5th, 2014 - 01:48 GMT

The future has arrived: UAE leading the way with new boat invention!

Al Bawaba
March 5th, 2014 - 09:55 GMT

Mixing leisure and business: 11 million guests check in at Dubai hotels in 2013

Al Bawaba
March 5th, 2014 - 08:16 GMT

High dividends boosting interest in Lebanese banks’ shares

Al Bawaba
March 5th, 2014 - 03:55 GMT

Egyptian minister heads to world's largest tourism convention in attempt to win back tourists

The developer, which gave away yachts and sports cars to buyers of its luxury properties during the downturn, said it booked sales worth $2.5 billion in 2013, compared with only $661 million the previous year.
March 5th, 2014 - 03:55 GMT

Too good to not be a bubble? Dubai's DAMAC real estate developer triples profits in 2013

But in the business world, women are gradually coming to enjoy greater opportunities, partly because of heavy government spending on women’s education including state-funded scholarships to foreign universities.
March 4th, 2014 - 09:13 GMT

The beginning of many more to come, nshallah: First female investment bank CEO named in Saudi Arabia

Egypt's foreign reserves decreased between August 2013 and January of this year (File Archive)
March 4th, 2014 - 04:57 GMT

Egypt's foreign reserves increase for second consecutive month

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