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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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“According to the South Sudanese petroleum ministry… oil production in the state of Unity has been shut down, resulting in a loss of production of some 45,000 barrels per day.
December 24th, 2013 - 06:40 GMT

South Sudan violence raises world oil prices

“We are in a rally, but at the end of the day it depends on whether it has legs and this depends on earnings.”
December 24th, 2013 - 06:28 GMT

Dubai is severely affecting Middle Eastern stock markets

The Egyptian government owes Dana Gas $330 million (File Archive)
December 24th, 2013 - 01:14 GMT

Payday for Dana Gas: Egypt gives UAE company $53 million

Saudi Arabia is the largest importer of cars in the Middle East region (File Archive)
December 24th, 2013 - 12:55 GMT

One sweet SUV: Saudi International Motor Show in Jeddah this week!

Dubai eMart allows investors, firms and customers conduct real estate transactions online (File Archive/Shutterstock)
December 24th, 2013 - 12:37 GMT

One big "house" party: Dubai's online eMart attracting hundreds of new real estate firms

Qatar Projects 2014 will focus on Infrastructure & Transport as well as Energy & Utilities (File Archive)
December 24th, 2013 - 10:21 GMT

This Gulf country is giving away $200 billion...just for construction projects!

labor market dynamics, currency fluctuations and the economic decline in Asian countries have weakened the workers’ ability to negotiate. (Image credit: Human Rights Watch)
December 24th, 2013 - 08:23 GMT

Migrant labor exploitation? Average cost of construction labor drops further in UAE.

Competition has grown steeply in the Saudi telecom sector. (Image credit: Shutterstock)
December 24th, 2013 - 07:36 GMT

The three factors that will slow down Saudi's telecom sector in 2014

Emirates Airline has finalised paperwork on its $23 billion order for 50 Airbus A380s that was announced at the Dubai Airshow last month.
December 24th, 2013 - 03:55 GMT

Emirates airlines completes paperwork for airbus shopping spree

The first hurdle will be launching direct flights that reportedly only see’s 49,000 passengers travel annually between the two countries.
December 24th, 2013 - 03:55 GMT

Drones included? Just kidding, Oman signs open skies agreement with the US!

The dissolved People’s Assembly had approved a law that would increase compensations for the families of martyrs from EGP 30,000 to EGP 100,000 before it was disbanded.
December 23rd, 2013 - 07:05 GMT

Egypt to commemorate 25 January Revolution with ration cards

Those barred from a GCC country for legal reasons or those who have already been deported would not be considered for the unified visa.
December 23rd, 2013 - 03:38 GMT

About time! GCC to go Schengen style

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