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Iran
March 16th, 2026 - 10:37 GMT
Al Bawaba Staff

Al Bawaba Staff

Iran raises its minimum wage by 60%

ALBAWABA - Iran announced raising its minimum wage by 60 percent, following months of anti-government protests amid soaring inflation and poor living conditions. AFP reported that the country revisits its minimum wage salaries annually. However, Iran's war with the US and Israel caused record levels of inflation, prompting the government to raise the minimum wage by over 60 percent. Iran raises its minimum wage by 60% Iran Announces Sharp Minimum ...
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Iran's trade surplus of mineral products hiked to $4.58 billion during the said period. (Shutterstock)
December 16th, 2018 - 07:56 GMT

Iran's Mineral Trade Surplus for First 8 Months in 2018 Worth $6.87 Billion

Commander Rebecca Rebarich, a Pentagon spokeswoman, stated on Friday that the US Central Command (CENTCOM) was specifically looking to reimburse about $36.8 million for fuel costs and $294.3 million for flight hours, which were not included in the initial bills and were therefore paid for with taxpayer money. (Shutterstock)
December 16th, 2018 - 07:36 GMT

Saudi, UAE to Pay the US $331 Million for Air Refueling "Accounting Error"

A MoU was also signed to extend the Saudi grant for maintenance of the King Abdulaziz Mosque in the Tunisian capital of Tunis. (Shutterstock)
December 16th, 2018 - 07:25 GMT

Saudi, Tunisia Sign MoUs Targeting Development and Agriculture

The first phase of the project, scheduled for completion in the first quarter of 2022, will include up to 3,000 hotel rooms, an airport to serve the destination, and yacht marinas, as well as residential properties and recreational facilities. (Shutterstock)
December 16th, 2018 - 07:10 GMT

Saudi Arabia Has High Hopes on Red Sea Tourism Projects. Will They Pay Off?

The currency recovered most of its losses after significant tightening by the country's central bank. (Shutterstock)
December 16th, 2018 - 06:46 GMT

Fitch Is Not Optimistic About Turkey's Economic Outlook

Turkish Parliament Speaker Binali Yildirim noted Turkey’s place among the world’s top 20 economies. (Shutterstock)
December 16th, 2018 - 06:35 GMT

Turkey Aims to Increase Exports to $200 Billion

The UAE Central Bank issued a statement on Wednesday. (Shutterstock)
December 13th, 2018 - 09:00 GMT

UAE, Saudi to Use Digital Currency to Speed up Transactions


The confidence level of Saudi CEOs about the global economy stood at 94 per cent this year as against 55 per cent last year.  (Shutterstock)
December 13th, 2018 - 08:51 GMT

CEOs in Saudi Are Still Predict Healthy Economic Growth Due to Oil

Under the agreement, travelers will be able to use either airline for their trips between the two countries and on some domestic connections. (Shutterstock)
December 13th, 2018 - 08:46 GMT

Jet Airways, Flynas Agree on Codeshare to Increase Inter-City Commute

Solar and wind power generation has risen from 2 per cent to 10 per cent of the country’s generated power since 2014. (Shutterstock)
December 13th, 2018 - 08:39 GMT

Jordan Aims to Have Renewable Energy Contribute to 20 Percent of Energy Needs

Internet retailing in the UAE is valued at Dh7.4 billion - exclusive of VAT - in 2018, growing by 18.8 per cent over the previous year. (Shutterstock)
December 13th, 2018 - 08:33 GMT

UAE Tops List of Best MENA Country for Online Shopping

Iran Ready to Cooperate Fully With IAEA. (Shutterstock)
December 13th, 2018 - 07:47 GMT

Iran Ready to Cooperate Fully With IAEA

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