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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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Despite the development, the monetary situation is still stable, noting that the Central Bank has other tools at its disposal to draw more funds. (Shutterstock)
December 4th, 2018 - 10:49 GMT

Almost $570 Million Converted to Dollar Account in Lebanon

Cryptocurrencies overall were flat, with the total coin market capitalization at $130 billion at the time of writing. (Shutterstock)
December 4th, 2018 - 10:39 GMT

Bitcoin Prices Still Tumbling While Calls for Regulations Persist

Forty countries are represented at the three-day event in Egypt, one of the Middle East's top military powers. (Shutterstock)
December 4th, 2018 - 09:49 GMT

Why Did Sisi Inaugurate Egypt's First Arms Trade Fair?

Qatar has decided to withdraw its membership from OPEC effective January 2019 and this decision was communicated to OPEC this morning. (Shutterstock)
December 4th, 2018 - 08:48 GMT

The Real Reason Behind Qatar's Withdrawal From OPEC

The current US dollar is worth around 42,000 rials in the official market, and above 110,000 rials in the open market. (Shutterstock)
December 4th, 2018 - 08:38 GMT

Iran Forecasts Its Oil Sales at $54 With 1.5 Million Bpd in 2019

US special envoy for Iran Brian Hook rejected Iran’s insistence that its missile program is defensive. (Shutterstock)
December 4th, 2018 - 08:23 GMT

Will the EU Impose Sanctions on Iran Over Its Ballistic Missile Tests? the US Thinks It Should

Dubai is determined to turn the challenges into opportunities as it tackles global cybersecurity threats on its path to continued growth. (Shutterstock)
December 4th, 2018 - 07:32 GMT

This Is How Dubai Plans to Lead the Pack in Cybersecurity Innovation

The UAE's leisure and entertainment market potential will reach 45 million visitors by 2021. (Shutterstock)
December 4th, 2018 - 07:24 GMT

Will Dubai's Entertainment Strategy Help Boost Its Economy?

The expo is a good opportunity to strengthen the relations between Qatar and Oman. (Shutterstock)
December 4th, 2018 - 07:12 GMT

Oman, Qatar Relations Strengthened by Blockade

The decision comes at a critical time when OPEC is expected to cut its production at its much-awaited meeting on Thursday in order to increase the falling prices. (AFP)
December 3rd, 2018 - 12:27 GMT

Qatar to Drag Out from OPEC Early 2019

The volume of Kuwaiti oil bound for Japan rose for the first time in two months, providing 7.4 percent of the Asian nation's total crude imports, compared with 6.1 percent in the same month of last year, the Japanese Natural Resources and Energy Agency said in a preliminary report. (Shutterstock)
December 3rd, 2018 - 07:39 GMT

Kuwait Ahead of Qatar as Japan’s ‘Third Biggest’ Oil Provider

A total 35 British companies already operate independently at the Qatar Financial Centre as the UK ranks as the eighth largest trade partner with Qatar, with goods traded worth a total USD 3 billion last year. (Shutterstock)
December 3rd, 2018 - 07:34 GMT

Qatar, UK to Build on Their $3 Billion Trade Ties Ahead of World Cup 2022

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