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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 sale coincides with Facebook’s inclusion in the Standard & Poor’s 500 Index, an event that triggers demand from index funds and other institutions that need to purchase the stock.
December 23rd, 2013 - 02:43 GMT

Interested in Zuckerburg's billions? Well, here's a chance

Saudi Arabia's planned spending in 2014 represents a 4.3 percent increase from 2013 (File Archive/Shutterstock)
December 23rd, 2013 - 01:24 GMT

Saudi sets record budget for 2014

Abraaj is partnering with American University of Sharjah for the women entrepreneurship initiative (Courtesy of Gulf News)
December 23rd, 2013 - 01:14 GMT

Investing in Women: UAE's Abraaj establishes $1.36 million female entrepreneurship fund

Trade between the UAE and China has seen constant growth in the past years. (Image credit: ciee.org)
December 23rd, 2013 - 09:26 GMT

China to increase footprint in UAE

Affordable housing is a large and untapped segment. (Image credit: Shutterstock)
December 23rd, 2013 - 08:28 GMT

Arabtec moves into the affordable housing market

Qatar is in the midst of an infrastructure boom. (Image credit: Shutterstock)
December 23rd, 2013 - 07:58 GMT

Qatar to award $200 billion of infrastructure projects in the next fifteen years

Bader Alamoudi has been named chief executive of JP Morgan’s Saudi Arabian business, the statement said.
December 23rd, 2013 - 03:55 GMT

JP Morgan Saudi Arabia promotes two new top bankers


"We encourage citizens to take part in this investment and also to await other opportunities in the pipeline," he said.
December 23rd, 2013 - 03:55 GMT

Qatar to place $13.7 billion worth of public offerings on the table over the next 10 years

The offer is likely to attract solid demand, considering the strong performance of the Qatar market.
December 22nd, 2013 - 05:58 GMT

4 years later, Qatar Petroleum to release first IPO since financial crisis

Plaza Premium Lounge Management Limited (PPLML) will oversee the renovation, management and operation of Abu Dhabi's airport lounges (Courtesy of The Moodie Report)
December 22nd, 2013 - 01:05 GMT

And you thought a flight delay was bad news: Abu Dhabi airport lounges to get luxury facelift

Etihad may invest as much as $410 million (300 million euros) to ensure that the struggling Italian airline remains operational (Getty Images)
December 22nd, 2013 - 12:42 GMT

UAE airline may just have the ticket to keep Italy's Alitalia flying high

Morocco has been planning and designing the Zenata Eco-City for over a year (Courtesy of the French Agency for Development-AFD)
December 22nd, 2013 - 12:17 GMT

UAE building new city...in Morocco?! Joint venture signed for mega retail, leisure destination

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