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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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Confidence has returned to Dubai’s marketplace. (Image credit: Shutterstock)
December 22nd, 2013 - 08:01 GMT

Survey: Dubai's office rents now nearly as much as New York

The sheer volume of consumer loans is a real cause for concern because it indicates the absence of logic on the part of borrowers.
December 22nd, 2013 - 03:55 GMT

Saudi Arabia's consumer loans hit 'worrying' levels

There can be no increase if the existing rent is only 10 per cent lower than the average that a similar property commands within a neighbourhood.
December 22nd, 2013 - 12:03 GMT

Taming the monster: Dubai issues new regulations on rental increases

“We should not favour Emiratis over qualified foreign journalists,” said Sheikh Sultan bin Ahmed Al Qassimi, chairman of Sharjah Media Corporation.
December 20th, 2013 - 09:29 GMT

UAE plans to Emiratize the media

Al Bawaba
December 20th, 2013 - 09:03 GMT

The slavery episodes continue: Qatari workers facing a "severe food shortage"

Fitch ranked Saudi Arabia, UAE and Kuwait as the most stable banking environments in the GCC (Courtesy of The Telegraph)
December 19th, 2013 - 12:05 GMT

Fitch on GCC banks: bright outlook for 2014

Kuwait's crude oil sales could generate a budget surplus for the Gulf country estimated at $42.4 billion (File Archive/Shutterstock)
December 19th, 2013 - 10:57 GMT

Need an extra $42.4 billion? For this Gulf country, this surplus is a real possibility in 2014

Many individuals have reported purchasing zero balance calling cards within the past few weeks (Courtesy of Dubai Chronicle)
December 19th, 2013 - 10:45 GMT

Etisalat "losing credit" among UAE customers with zero balance calling cards

Turkey held the first ever Syrian Economic Forum this week in Gaziantep (Courtesy of Al Arabiya)
December 19th, 2013 - 10:31 GMT

First Syrian Economic Forum closes in Turkey

4D movies add further depth to the movie experience. (Image credit: Shutterstock)
December 19th, 2013 - 08:20 GMT

Smell the dinosaur! UAE cinemas to show 4D movies.

Working hours in Saudi Arabia have been reduced from 45 hours/week to 40 hours/week. (Image credit: Shutterstock)
December 19th, 2013 - 06:26 GMT

Finally - A five day work week in Saudi Arabia

Al-Bahar particularly emphasized on Dabdoub’s role in leading NBK in two major crises that faced the bank during his career; the stock market crash in 1982 and the Iraqi occupation in 1990. NBK
December 19th, 2013 - 03:55 GMT

53 years later, Palestinian banking legend Ibrahim Dabdoub to retire from CEO post at National Bank of Kuwait

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