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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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Bond's beautiful, one-of-a-kind vehicle, fully decked out with "20-spoke diamond turned gloss black wheels" will be auctioned off at Armani Hotel in Dubai Wednesday to raise money for Syrians in Lebanon (Courtesy of The National)
December 11th, 2013 - 09:03 GMT

From Dubai with Love: James Bond's Aston Martin to be auctioned off Wednesday to raise money for Syrian refugees

In comparison with Central and South America, Dubai’s trade with the Pacific Alliance countries is significant. (Image credit: Huffington Post)
December 11th, 2013 - 08:00 GMT

Say Hola to the new Latin American bloc in Dubai

Increase in global supply will result in a drop in oil prices. (Image credit: Shutterstock)
December 11th, 2013 - 06:55 GMT

Investor alert: Oil to drop by $10 in 2014

Bahrain is in the final stage of installing a 4G/LTE network in the country, and is already planning to have the system updated and operational to 5G by 2017 (Shutterstock)
December 11th, 2013 - 06:40 GMT

Faster than the speed of light...almost: Bahrain announces 5G network to be ready by 2017

Year-on-year, the sector’s debt to the domestic banking sector shrank by 19 per cent.
December 11th, 2013 - 03:55 GMT

Mashallah! Kuwait's credit hits 5-year high

Urban consumer inflation stood at 10.4 percent in October and at 4.25 percent in November 2012.
December 10th, 2013 - 04:39 GMT

Egypt's inflation rate hits highest levels since pre-Arab Spring year

Routes within or connected to China will be the single largest growth driver, accounting for 30 per cent of new passengers during the forecast period.
December 10th, 2013 - 02:52 GMT

Forecast: UAE to handle a passenger population equivelant to China's

Saudi Arabia is the largest shareholder of the 56-member Islamic Development Bank which provides members with funding for development projects (File Archive)
December 10th, 2013 - 06:55 GMT

Saudi sizes up Islamic Development Bank share, increases holding to $6.85 billion

In the Middle East, Julius Baer has offices in Abu Dhabi, Beirut, Cairo, Dubai, Istanbul and Manama (Courtesy of Bloomberg)
December 10th, 2013 - 06:36 GMT

Bye bye Merrill Lynch! Julius Baer moves in to Middle East wealth management hot seat

The PISA 2012 results showed 85 per cent of Dubai’s students reported that they are happy at their schools, above the global average of 80 per cent
December 10th, 2013 - 03:55 GMT

'Happy students'- not an oxymoron in the UAE and Jordan

The emirate of 2.2 million people, with its economy rebounding as local hospitality and property industries flourish, expects to attract 25 million visitors during the six-month show starting October 20, 2020
December 10th, 2013 - 03:55 GMT

Anything for the Expo 2020, Dubai splurges on going solar

“This transaction underscores the success of London Bridge Holdings in transforming a blighted, brown field site into a vibrant and vital global business centre,” the firm said in a statement.
December 9th, 2013 - 12:17 GMT

Kuwaiti real estate firm buys more of London

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