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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 Iranian official complained that Pakistan has done little to construct its own section of the project.
 Majedi said Iran has proposed Islamabad seek assistance from European firms to complete the Pakistani part of the pipeline project between the two neighbors.
December 16th, 2013 - 03:55 GMT

What's all the beef about? Iran suspends $250 million pipeline loan to Pakistan

NBK is the only Kuwaiti and the only Arab bank to take part in this consortium.
December 16th, 2013 - 03:55 GMT

After a long, long delay, NBK to finance Kuwait's first public private partnership ever!

The advent of rail in the Middle East has opened up opportunities on how to move cargo. (Image credit: Shutterstock)
December 16th, 2013 - 03:16 GMT

Etihad Rail steps up activity to improve rail infrastructure

The exploration programme for block 41 is expected to begin with seabed coring in 2014.
December 15th, 2013 - 04:08 GMT

Oman inks pact with Total, Petrogas for developing oil blocks

However, this may be a short-lived title as pressure is building on the currency and a devaluation is likely in the near future.
December 15th, 2013 - 03:10 GMT

Revealed: the Arab World's most expensive cities for expats

Further population growth in the UAE is expected to increase remittances from the UAE by 7 to 8 per cent over the next two years
December 15th, 2013 - 11:04 GMT

World Expo 2020 to create 200,000 jobs and drive remittances

Halal food retailer Al Islami plans to expand to meet growing demand for halal food. (Image credit: Shutterstock)
December 15th, 2013 - 09:01 GMT

Russians, Muslims and otherwise, show a marked preference for halal foods

The tramway links up with the Dubai Marina and Jumeirah Lakes Towers metro stations, as well as the Palm Jumeirah monorail.
December 15th, 2013 - 03:55 GMT

And you thought a metro was all there was to it? Dubai's first tramway ready for test-run soon

The richest Arab businesspeople also include Saudi Prince Alwaleed Bin Talal, who came in first place in the region and 26th worldwide with a fortune estimated at $20 billion.
December 15th, 2013 - 03:55 GMT

Who said they only come from the Gulf? Meet the Jordanian billionaire who just jumped up the Forbes List

Saudis pin great hopes on the new fiscal budget for 2014, which is expected to be announced next week. They are optimistic the new budget would make allocations for more welfare projects across the country.
December 14th, 2013 - 10:56 GMT

Again and again: Saudi Arabia pinning its hopes to a massive budget surplus

"Bloomberg" cites a source close to the matter as saying that Obama has already offered the job to Fischer who accepted it.
December 12th, 2013 - 02:17 GMT

Israel does control the US economy afterall? The Bank of Israel's former governor is about to lead the US Fed

UAE's Foreign Minister is currently in India to enhance the two countries' economic relationship (Courtesy of Gulf News)
December 12th, 2013 - 01:37 GMT

UAE-Indian trade relationship is heating up, says UAE Foreign Minister

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