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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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The trade deficit in 2013 reached $17.292 billion, compared to a deficit of $16.797 billion in 2012
January 29th, 2014 - 08:42 GMT

The usual: Lebanon blames widening trade deficit on Syrian crisis

The number of passengers reached 6,264,368 in 2013 compared to 5,960,414 in 2012
January 29th, 2014 - 08:15 GMT

The tiny silver lining? Beirut's airport traffic rose 5% in 2013

Providing further studies on the economic consequences of cutting aid, Dcode mentioned that increased imports of military equipment would exert pressure on foreign currency resources in short-term.
January 29th, 2014 - 03:55 GMT

Is the Gulf about to take over? US aid to Egypt 'deteriorating'

Samsung extended its lead as the world’s biggest vendor, accounting for 31.3 per cent of sales, ahead of Apple’s 15.3 per cen
January 28th, 2014 - 09:50 GMT

Smartphone sales topped 1 billion for the first time ever and Apple is seriously missing out

Al Bawaba
January 28th, 2014 - 02:51 GMT

Ford in Middle East's "fast lane" with record sales, Lebanon leading the way in purchases

Al Bawaba
January 28th, 2014 - 01:54 GMT

Big spending, big troubles? UAE foreign assets plummet, new central bank data shows

Saudization programs have so far created about 600,000 jobs for citizens
January 28th, 2014 - 09:36 GMT

4.5m new jobs set for Saudi labor market, say experts

Despite the militant violence plaguing Iraq, the economy has managed to keep expanding on the back of oil output
January 28th, 2014 - 08:31 GMT

A smart way out of its troubles? Iraq plans state investment bank to push big infrastructure projects

Wooler that demand for hotel rooms in Dubai is strong but there is a danger that Dubai will not be affordable for many people.
January 28th, 2014 - 03:55 GMT

Dubai's fancy hotel guests to now pay mysterious "tourism dirham"

The communications equipment and other items are being funneled for now only to non-armed opposition groups, said the US officials.
January 27th, 2014 - 07:32 GMT

Taking sides: US resumes aid to Syrian opposition

For months the central bank has been under strong pressure from the government, itself caught in a swirl of internal pressures, not to raise interest rates to bolster the lira.
January 27th, 2014 - 07:15 GMT

Turkey rushes to rescue lira from freefall

This exceptional auction will help in depreciating the value of US dollar against the Egyptian pound, Fahmy added.
January 27th, 2014 - 04:42 GMT

Desperate times, desperate measures: Egypt's Central Bank holds exceptional $1.5billion auction to support banks

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