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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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Whatever the commercial imperatives, Qatar would be helping Iran break out of its US-imposed isolation by intensifying airline connections. (Shutterstock)
December 3rd, 2018 - 07:29 GMT

Why Is Qatar Airways Extending More Destinations to Iran Despite US Sanctions?

The funds are paid when the exporting process is finished, and they range from eight to 12 per cent of the total value of the products concerned. (Shutterstock)
December 3rd, 2018 - 07:25 GMT

After a Two-Year Hiatus, Will Egypt Release Its Export Subsidies?

The timing of the government’s decision coincided with financial problems at the country’s sole oil refinery, La Samir, forcing it to cease operations in August 2015. (Shutterstock)
December 3rd, 2018 - 07:21 GMT

Deregulation of Oil Prices Is Putting the Moroccan Government in Hot Waters

The agreement between Russia and Saudi Arabia lead a group of oil producers known as OPEC+, which includes the members of the Organization of the Petroleum Exporting Countries (OPEC) and other large producers, most notably Russia. (Shutterstock)
December 3rd, 2018 - 07:16 GMT

Saudi, Russia Agreement to Extend Overseeing Oil Market Gives a Push for Prices

A number of foreign banks which used to write letters to Iran a few days ago saying it would be impossible for them to continue cooperation with Iran due to sanctions are now saying that they want to resume cooperation with Tehran in the face of US sanctions. (Shutterstock)
December 3rd, 2018 - 07:12 GMT

Will European Banks Ditch US Sanctions Altogether and Deal With Iran Directly?

Ghosn, ex-chairman of Nissan Motor Co., was detained last month on allegations of underreporting his income, and Friday, a Japanese court approved extending his detention for 10 more days. (File/Photo)
December 3rd, 2018 - 07:00 GMT

This Is Why Carlos Ghosn Will Always Be Lebanon's Phoenix

There is a stable outlook for Abu Dhabi’s economy, with growth set to “steadily recover” to hit 3 percent in 2021, according to an S&P Global Ratings report. (Shutterstock)
December 3rd, 2018 - 06:52 GMT

Abu Dhabi Economic Growth Stable, With Prospects of Improvement

How to Keep Your Children’s UAE Visa Valid While Working Abroad. (Shutterstock)
December 3rd, 2018 - 06:39 GMT

How to Keep Your Children’s UAE Visa Valid While Working Abroad

Traditional banks are failing to keep up with direct banks and technology firms. (Shutterstock)
December 3rd, 2018 - 06:26 GMT

UAE Residents Shift Their Trust From Banks to Tech Firms

Data is the new currency and investing in new technology such as Artificial Intelligence helps interpret the insights and value delivered from data and apply it to enhance customer experience. (Shutterstock)
December 2nd, 2018 - 10:07 GMT

Reshaping the Future of Fintech

more than 1,686,891 illegal expatriates were arrested for violating residency laws. (Shutterstock)
December 2nd, 2018 - 09:33 GMT

Saudi Deports 564,800 Illegal Expats in One Year

Algeria’s Central Bank urged the government to “apply the tourniquet to stop the bleeding” and economic experts warned of a deepening crisis. (Facebook)
December 2nd, 2018 - 09:29 GMT

Despite Rising Oil Revenues, Algeria’s Foreign Currency Reserves Are on Steady Decline

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