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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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Saudi Arabia's printing industry is the oldest and largest in the Gulf (Courtesy of Global Arab Network)
January 6th, 2014 - 09:56 GMT

Not enough ink for this number: oldest printing market in GCC worth $800 million

Egypt's stock market has continued to rise since Fitch upgraded the country's economic outlook Friday from negative to stable (Courtesy of Al Jazeera)
January 6th, 2014 - 09:08 GMT

Nothing to "Fitch" about: Egypt stocks continue to rise after economic outlook upgrade

The new investment tools add greater in-depth to the country’s financial markets.(Image credit: Shutterstock)
January 6th, 2014 - 08:16 GMT

UAE issues new financial instruments to boost stock market

The pace of the US Federal Reserve’s “tapering” in the coming year is likely to impact emerging market and frontier market sentiment, but investors in the Gulf are in a cautiously optimistic mode for now.
January 6th, 2014 - 03:55 GMT

Going bipolar? Abu Dhabi and Dubai markets going in opposite directions

According to the latest data released by the Iranian Customs Administration, Iran exported USD 2.682 billion worth of non-oil commodities to the UAE during the nine-month period.
January 6th, 2014 - 03:55 GMT

Friends or foes? Who knows! Iran-UAE non-oil trade hits close to $10 billion

The crisis has seen output plunge to about 250,000 bpd from nearly 1.5 million bpd before.
January 5th, 2014 - 05:24 GMT

A glimpse of hope? Libya to resume limited oil production

 The Gaurdian is placing the country as number 11 on its "Holiday hotspots: where to go in 2014"-list, just behind Bordeaux in France and Alberta in Canada.
January 5th, 2014 - 04:49 GMT

Travel warning? Who cares! Iran is 2014's tourist hotspot

The Saudi Ambassador in Cairo, Ahmed Kattan said, “Trade between the two states has continuously grown since the January 25th Revolution. It now exceeds $5bn.
January 5th, 2014 - 04:31 GMT

Grand hopes: New Saudi-Egyptian partnership aims to attract 200 companies to Egypt

The life sciences sector was less impacted by recent global economic uncertainty than other sectors in 2013, but regional turmoil and market volatility in the MENA region may undermine this trend (AFP/Getty Images)
January 5th, 2014 - 12:18 GMT

Will the Middle East's life science industry survive in 2014?

Saudi Arabia's Iktifaa will grow wheat, corn and oilseeds in Sudan (Courtesy of BBC)
January 5th, 2014 - 11:33 GMT

Saudi Arabia is grazing on Sudan's agriculture, new investments announced

Layout of the new Jeddah airport that will be completed by the end of 2014 (Courtesy of Construction Week Online)
January 5th, 2014 - 11:07 GMT

It's a bird, it's a plane, no, it's a new Jeddah airport! Construction to be completed by end of year

Nakheel wants to use their own funds to back up its new project activity as much as possible. (Image credit: Shutterstock)
January 5th, 2014 - 07:56 GMT

Buoyed by UAE real estate market, Palm Deira developer steps up activity

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