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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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But Gulf stocks are no longer as cheap as they were relative to the rest of the world, and some economic shifts may not be ideal for markets.
December 26th, 2013 - 03:10 GMT

Bullish growth projected for GCC stocks in 2014

The BMW 7-Series V12 Bi-Turbo Special Edition can accelerate from 0 to 100 km/h in 4.6 seconds and can reach a top speed of 250 km/h (Courtesy of Car Scoop)
December 26th, 2013 - 01:18 GMT

New BMW models roll up in style in Saudi

Governments are now issuing sukuks to finance their debts (File Archive)
December 26th, 2013 - 12:44 GMT

Why are sukuk sales set to soar in 2014?

The UAE is among the top five countries in the world for new hotel openings over the past five years. (Image credit: Shutterstock)
December 26th, 2013 - 09:51 GMT

UAE hospitality sector marked by unprecedented 'hotel rush'

Natural gas supplied by Aramco is expected to double next year. (Image credit: Shutterstock)
December 26th, 2013 - 09:19 GMT

Saudi petrochemical earnings expected to grow to $11 bn in 2014

The Egyptian Trade Union has been a main site of protests in the country since the Jan. 25 revolution (Courtesy of the Christian Science Monitor)
December 26th, 2013 - 09:09 GMT

Work without wages? Egypt fails to establish minimum salary for private sector workers

The agreement was signed by Syrian Oil Minister Suleiman Abbas, Syria’s General Petroleum Company and the Russian Soyuzneftegaz company.
December 26th, 2013 - 03:55 GMT

Pragmatic or dysfunctional? Syria signs new oil, gas exploration agreement with Russia

The central bank on Tuesday made its most clear commitment yet to ramping up its support of the lira, promising to sell at least $6 billion in foreign currency by the end of January.
December 26th, 2013 - 03:55 GMT

Turkish markets hit hard by corruption scandal, and it's about to get worse

That the Expo 2020 win would prove a catalyst for new trends in Dubai’s real estate sector was a foregone conclusion.
December 25th, 2013 - 02:07 GMT

The new reality: Expo 2020 already boosting Dubai's realty sector

Infrastructure spending in the gulf has risen sharply in recent years. (Image credit: Shutterstock)
December 25th, 2013 - 10:02 GMT

Abu Dhabi sovereign to return even as Gulf bonds are set to surge

Bahrain diesel prices will gradually increase over the next five years, with prices set to double by 2017 (File Archive)
December 25th, 2013 - 05:00 GMT

Take a (price) hike! Bahrain to double diesel prices by 2017

Al Bawaba
December 25th, 2013 - 03:55 GMT

What about the underprivileged who can't go online? Saudi Arabia releases labour questionnaire to 'improve working conditions'

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