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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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Shoppers from the Middle East spent a total of $9 billion through eCommerce in 2012 alone (Shutterstock)
December 3rd, 2013 - 03:57 GMT

Shop til' you drop: Middle East projected to be next eCommerce "hot spot"

Kuwait Airways plans to purchase 25 new planes and lease 12 aircrafts from Airbus, representing the airline's largest overhaul in more than twenty years (Courtesy of Paul Thomas/Bloomberg)
December 3rd, 2013 - 03:30 GMT

Kuwait Airways considering sukuk to finance Airbus deal

Abu Dhabi tourism is on the rise all around, with India representing the largest overseas source market. Nearly 150,000 individuals from India checked into Abu Dhabi hotels in the first 10 months of 2013 (Courtesy of Indian News and Times)
December 3rd, 2013 - 02:37 GMT

Move over Dubai! Tourists flocking to Abu Dhabi hotels in record-breaking millions, data shows

GCC ministers met late last month in Kuwait and are scheduled to return to Kuwait City December 10 to hold their annual 2-day summit (Yasser Al Zayyat/AFP)
December 3rd, 2013 - 01:37 GMT

Gulf Monetary Council: No GCC "Euro" anytime soon, media reports falsified

Qatar had originally given Egypt $7.5 billion when former president Mohammed Morsi was in office, but since his oust, relations between Qatar and Egypt have deteriorated dramatically (Reuters)
December 3rd, 2013 - 01:18 GMT

More money, more problems? Egypt returns another $500 million to Qatar

Previously, Iran has dealt with foreign companies through “buybacks”. According to sources, the meetings in London will allow Iran to present the findings of a review of these contractual terms.
December 3rd, 2013 - 10:53 GMT

European oil giants ready for business with Iran

The Ministry of Labor has raided several women’s beauty salons since Nov. 4, a ministry official confirmed recently.
December 3rd, 2013 - 10:41 GMT

Unibrow invasion? Saudi beauty salons on standstill after labor raids

The Economic Freedom of the Arab World report compares and ranks Arab nations in five areas of economic freedom. (Image credit: Shutterstock)
December 3rd, 2013 - 05:12 GMT

Jordan one among three most economically free countries in the Middle East

NBK cautioned that over the next year or so, the trade balance could shrink a little: oil markets could loosen, putting downward pressure on prices or encouraging OPEC
December 3rd, 2013 - 03:55 GMT

Kuwait's trade surplus makes a jump from 6 to 21 billions dollars

Qatar clinched the award among other top contenders comprising Abu Dhabi, Auckland, Beijing, Dubai, Durban, London, Melbourne, New Orleans, Rio de Janerio, Seoul, Tokyo and Vancouver.
December 3rd, 2013 - 03:55 GMT

After winning the World Cup bid, anything is possible: Qatar receives 'Oscar of the Travel Industry'

The Iranian administration has set oil price to $100 per barrel in the next year’s national budget bill, IRNA quoted Iranian MP Ja’far Qaderi as saying on Sunday.
December 2nd, 2013 - 02:22 GMT

Iran puts new winning price on its oil barrels

 A lawsuit, with details still vague, by a Qatari company against the Social Security Investment Fund (SSIF) alleging it bought the fund’s stake in The Housing Bank for Trade and Finance was a hot topic of speculation in Jordan Sunday.
December 2nd, 2013 - 01:55 GMT

Two truths and a lie? Qatari company sues Jordan's Social Security Fund over "non-existent" sell-off of Housing Bank

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