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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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US will continue to negotiate with India and the seven other countries receiving the six-month exemption to get them to cut their Iranian imports to zero. Since the reimposition of sanctions were announced, India has been cutting back on the Iranian imports. (Shutterstock)
November 7th, 2018 - 06:51 GMT

India Officially Exempt From Iran Sanctions

The line would extend from Haifa, Israel’s largest port, passing through Jordan before connecting with existing railways in the Gulf. (Shutterstock)
November 7th, 2018 - 06:46 GMT

Israel's Railway Proposal to Bolster Its GCC Ties Against Iran Sentiments

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November 7th, 2018 - 06:40 GMT

Bin Salman Attends Saudi Arabia’s First Nuclear Research Reactor Project Launch

Industry estimates suggest Iran’s oil exports have in fact fallen by 40-60 percent since Trump said in May that he would reimpose sanctions, but 180-day exemptions for Iran’s biggest oil clients could mean they rise again after November. (Shutterstock)
November 7th, 2018 - 06:35 GMT

Iran Oil Exports Fell 60 Percent Since Sanctions, but Officials Deny Such Reports

Lebanon’s Central Bank and commercial banks have constantly updated anti-money laundering and terrorism financing procedures, in line with international standards. (Shutterstock)
November 6th, 2018 - 08:55 GMT

Lebanese Bankers Claim US Sanctions to Have No Effect on Economy

Workers at an onshore Iranian oil facility. (PressTV)
November 6th, 2018 - 08:42 GMT

Iran to Turn to Domestic Resources to Lessen Sanctions Impact

The UAE banks have added 1,116 workers year-to-date with local banks hiring 1,176 while foreign banks shedding 60 workers in the first 9 months of 2018. (Shutterstock)
November 6th, 2018 - 08:16 GMT

These Are the UAE Banks That Are Hiring and Firing

US Actions May Destabilize Oil Market. (Shutterstock)
November 6th, 2018 - 08:12 GMT

Russia Says US Actions Undermine Opec+ Efforts

The conference will address the continent’s social, economic and political challenges and the available incentives to promote business in Africa. (WAM)
November 6th, 2018 - 08:07 GMT

‘Africa Investment Conference’ Coming to Dubai

Hotels are increasingly looking out for local talent across operational and functional areas as part of their commitment to Emiratisation. (Shutterstock)
November 6th, 2018 - 08:00 GMT

UAE Hospitality Sector Pivotal in Emiratisation With Booming Hotel Industry

All products and services will remain the same under the FAB Islamic brand. (File/ photo)
November 6th, 2018 - 07:49 GMT

FAB Enters the Islamic Banking Arena

Bahrain has lower costs than any other Gulf Cooperation Council (GCC) country for cross-border internet connectivity, a critical metric for an ICT hub. (Shutterstock)
November 6th, 2018 - 07:44 GMT

Bahrain Leads the GCC's $1.5 Trillion Market in Terms of Doing Business

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