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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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Look for more high quality businesses preparing for IPO in 2014. (Image credit: Shutterstock)
January 16th, 2014 - 07:23 GMT

Three factors that will drive 2014 IPO activity in the Middle East

The forum’s founder, Klaus Schwab, told reporters Wednesday at the organization’s lavish headquarters overlooking Lake Geneva that the event seeks to “push the reset button” on the world’s crisis mode.
January 16th, 2014 - 03:55 GMT

Other than bringing Iran and Israel under one roof, Davos' World Economic Forum aims to 'push the rest button' on Syria, global economic crisis

Adnoc said last week it wouldn’t renew its concession agreement with BP, Exxon Mobil, Royal Dutch Shell, Total and Partex to run the fields
January 15th, 2014 - 08:05 GMT

The end of an era: 75 years later, Abu Dhabi to sell oil at premium prices

“Aggregate growth for the region is projected at 2.8 percent in 2014, firming to 3.3 in 2015 and 3.6 percent in 2016, well below the region’s potential,” it added.
January 15th, 2014 - 07:25 GMT

World Bank describes tge MENA's economic performance as 'below potential'

If consulting firms want to invest in new markets, they should invest in the GCC. (Image credit: Shutterstock)
January 15th, 2014 - 12:06 GMT

Consulting Industry Alert: GCC consulting market now growing faster than US and China

Innovation often needs to be couple with a disciplined approach. (Image credit: Shutterstock)
January 15th, 2014 - 10:46 GMT

Bringing structure to innovation: Dubai opens entrepreneurship academy

A delegation of economic and trade officials from Germany will travel to Iran in the coming days to explore ways to give a boost to bilateral ties.
January 15th, 2014 - 03:55 GMT

Ready for business: Germany to send economic delegation to Iran to explore bilateral economic ties

Asmar is now planning on providing companies with programmes for employees to volunteer in activities all around the Kingdom and the Arab world.
January 15th, 2014 - 03:55 GMT

Meet the Jordananian entrepreneur who made Forbes' 30 under 30 list

Cutting subsidies is politically difficult because of longstanding tensions between the cabinet and parliament, where many lawmakers campaign to raise social benefits.
January 14th, 2014 - 10:15 GMT

Kuwait's nanny state model under serious scrutiny

China's top crude supplier Saudi Arabia is set to ship about the same volumes to Chinese buyers in 2014 as it did last year, as the world's second-largest oil consumer takes more from Iraq and Central Asia, traders said.
January 14th, 2014 - 10:03 GMT

Saudi Arabia to retain spot as China's to oil supplier in 2014 but is also about to face some fierce competition

The final stage includes voting on the site at the meeting of the UNESCO’s World Heritage Committee
January 14th, 2014 - 09:43 GMT

Did you know Saudi Arabia could be 'touristy'? Historic Jeddah ready to be included in World Heritage List

Egyptian stock markets have been improving since last November (File Archive)
January 14th, 2014 - 01:55 GMT

Egypt stocks reach highest level since 2011 revolution

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