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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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Iranian Foreign Minister Mohammad Javad Zarif (L) speaks during a press conference with Iraqi Foreign Minister Ibrahim al-Jaafari in the Iraqi capital Baghdad on February 24, 2015. (AFP)
November 29th, 2018 - 04:49 GMT

US Medicine Sanctions on Iran Are Illegal, but Still Imposed

A maritime demarcation accord signed with Saudi Arabia in 2016 has allowed the country to embark on oil and gas exploration for the first time in the Red Sea. (Shutterstock)
November 29th, 2018 - 04:43 GMT

Egypt Launches Bid to Dig for Oil and Gas in Red Sea

Electrical interconnection lines between Egypt and Saudi Arabia are scheduled to begin operation in the beginning of 2021, with a capacity of 3,000 MW. (Shutterstock)
November 29th, 2018 - 04:39 GMT

Saudi Invests $ 2 Billion in Egypt's New Power Plant

Al-Saraj said that Saudi Vision 2030 was motivating students, encouraging them to create their own businesses. (Shutterstock)
November 29th, 2018 - 04:33 GMT

Saudi Banks on Its Students to Transform Its Economy

The 450 km inter-city transport system is envisioned to improve pilgrim comfort and lead to a reduction in the number of traffic accidents. (SPA)
November 29th, 2018 - 04:27 GMT

Saudi's High-Speed Railway Is Still on Vision 2030 Course

“The enrichment of the Hajj and Umrah experience with historic and entertainment sites is an important goal that we seek to achieve through the unique efforts of entrepreneurs.” (Shutterstock)
November 29th, 2018 - 04:22 GMT

Saudi Encourages Entrepreneurs and Private Sector to Contribute to Hajj and Umrah Services

A Saudi-sponsored militiaman loyal to former Yemeni president Abd Rabbuh Mansur Hadi is pictured in front of the May 22 Hospital on the eastern outskirts of port city of Hudaydah, Yemen, on November 15, 2018. (Photo by AFP)
November 29th, 2018 - 04:18 GMT

UN Sounds Alarm With Deteriorating Imports at Yemen’s Salvation Port

Jordan relies on Egyptian gas for 80% of its electricity generation, with the other 20% largely imported from Saudi Arabia and Iraq. (Shutterstock)
November 28th, 2018 - 06:52 GMT

Egypt-Jordan Gas Supply to Continue in January

The projects, implemented in cooperation with churches and Caritas Jordan, include contributing to the construction of a Latin church at the Baptism Site. (Shutterstock)
November 28th, 2018 - 06:47 GMT

Hungary Provides Jordan With $ 1.3 Million in Aid for Community Projects

The portfolio of five hotels consists of the Address Dubai Mall, Address Boulevard, Address Dubai Marina, Vida Downtown and Manzil Downtown, together with about 1,000 hotel rooms. (AFP/Getty Images)
November 28th, 2018 - 06:42 GMT

Abu Dhabi National Hotels to Buy 5 Emaar Hospitality Properties

“The Middle East does things differently largely because of regulatory issues, but Hong Kong was very similar to Dubai in particular in previous years but has changed dramatically now." (Shutterstock)
November 28th, 2018 - 06:38 GMT

This Is What ME Finance Firms Must Do to Comply With Investor Needs

Al Hilal Bank is aiming to transform the Sukuk market through embracing Blockchain and integrating it into their infrastructure, paving the way for innovative digitised Islamic Sukuks, (which have been dubbed “Smart Sukuks”).
November 28th, 2018 - 06:32 GMT

World’s First Blockchain Sukuk Transaction Just Happened in Abu Dhabi

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