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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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Global assets of Islamic Finance have doubled since the start of the economic downturn. (Image credit: Shutterstock)
December 1st, 2013 - 07:04 GMT

$1.4 billion Islamic finance industry to see double digit growth

Jordan was one of the top ranked countries for economic freedom in the report, despite its growing notoriety for some of the highest taxes in the region. Jordanians gathered earlier this year to protest against tax hikes on cooking gas and telecommunications (AFP)
December 1st, 2013 - 06:48 GMT

Freedom in Bahrain, Jordan, and UAE? At least economically, reports argue

The minister said Qatar had been witnessing “a number of developments” in its transport and infrastructure sectors and they would contribute significantly to the country’s growth in the next decade.
December 1st, 2013 - 03:55 GMT

Qatar's new aiport br 'soft' opening in January

Qatar's tourism experienced 7 percent growth in the third quarter of 2013 (Shutterstock)
November 28th, 2013 - 11:40 GMT

Qatar tourism appeal on the rise, Q3 results show visitors cannot get enough of the Gulf peninsula

Etihad's Abu Dhabi-Melbourne route is one of the airline's most popular routes (File Archive)
November 28th, 2013 - 11:19 GMT

Destination: Australia! UAE carrier expands flights to Melbourne

Many of the main services, such as Gaza's water filtration and sewage system, are in dire need of funding to continue operations in the upcoming months (Marco Longari/AFP)
November 28th, 2013 - 10:06 GMT

Qatar pledges $150 million to Palestinians to ease PA's economic woes

Middle East enterprises without cloud infrastructures may be at a disadvantage globally (Shutterstock)
November 28th, 2013 - 09:33 GMT

ICT "cloud" forecast: how will Middle Enterprises be affected by transformations in big data and storage?

 Sultan Bin Saeed Al Mansouri will represent the UAE at the WTO December meeting (Courtesy of Arabian Business)
November 28th, 2013 - 08:10 GMT

UAE to attend December WTO meeting

Some $50 billion will be poured into the Iranian economy annually if the 'unjustified' international sanctions against the country are lifted
November 28th, 2013 - 03:55 GMT

The Iranian government puts a price tag on lifted sanctions

Business leaders and senior executives from across various industry segments expressed their confidence in Expo 2020 transforming the economic land scape of UAE while bringing about far reaching economic prosperity.
November 27th, 2013 - 08:46 GMT

Is the Expo 2020 win about to change Dubai forever?

His Highness Shaikh Mohammad Bin Rashid Al Maktoum announced the housing initiative in the northern emirates Tuesday (Courtesy of Gulf News)
November 27th, 2013 - 12:17 GMT

UAE $1.4 billion housing initiative to benefit 10,000 citizens

EU Ambassador to Jordan Joanna Wronecka announced the additional funding for Jordan from the EU late Tuesday (Courtesy of EU EuroMed)
November 27th, 2013 - 12:02 GMT

EU approves an additional $244.4 million package for Jordan

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