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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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The US president said earlier this year he would pull his country out of the 2015 deal. (Shutterstock)
August 7th, 2018 - 07:23 GMT

Trump Reimposes Economic Sanctions on Iran

None of the Saudi students will remain in Canada during the 1439H (2018) summer. (Shutterstock)
August 7th, 2018 - 06:56 GMT

More Than 8,000 Saudi Scholarship Students Leave Canada

Arif Naqvi, Founder of Abraaj Group. (AFP)
August 6th, 2018 - 11:06 GMT

Abraaj Group Considers Splitting North Africa Fund From Parent Compan

The workshop is meant to also improve transparency and counter-corruption levels, better manage risks, and stabilize the financial system, Omran said. (Shutterstock)
August 6th, 2018 - 10:40 GMT

Egypt to Cut off 50 Percent of Investors' Fees

It cited drafters of the PMI report as saying that the uncertain political landscape, combined with cash flow issues, reportedly weighed on demand conditions in July. (Shutterstock)
August 6th, 2018 - 10:14 GMT

Report: Private Sector in Lebanon Continues to Deteriorate

Trade volume at Amman offices and the DLS headquarters amounted for 70 per cent of the Kingdom’s trade, roughly totalling JD2.153 billion, the Jordan News Agency, Petra, reported. (Shutterstock)
August 6th, 2018 - 09:54 GMT

Real Estate Trade Volume in Jordan Falls 11 Percent in 2018

Two Qatari men at the Majlis Qatar pavilion in Moscow’s Gorky Park, on July 12. (AFP)
August 6th, 2018 - 09:32 GMT

The 2022 World Cup: A Bliss or A Curse for Qatar?

To encourage Iranians to return their hard cash to the economy, the plan allows the central bank to set up dollar savings accounts for ordinary people, state television said. (Shutterstock)
August 6th, 2018 - 09:13 GMT

Iran Eases Foreign Exchange Rules to Protect Its Own Currency

A large trade delegation from TRNC is expected to visit Qatar in the near future to establish trade ties with their counterparts in Doha, the envoy said. (Shutterstock)
August 6th, 2018 - 09:09 GMT

North Cyprus Mulls Over Establishing Trade Ties With Qatar

In a statement to the press, the Central Bank of Kuwait “assures that all the figures contained in that report are altogether incorrect." (Shutterstock)
August 6th, 2018 - 09:03 GMT

Central Bank of Kuwait Denies Expats Bad Debts Report


As part of the campaign, in which 19 ministries and government departments are participating, 385,499 of the detainees were deported to their respective home countries during the period. (Pixabay)
August 6th, 2018 - 08:57 GMT

Saudi Arabia Deports More Than 385,000 Expats in 9 Months

The UAE is ranked amongst the top countries in terms of mobile penetration and easy access to internet, which further enhances the country’s potential for embracing digital banking services. (Shutterstock)
August 6th, 2018 - 07:38 GMT

4 Areas Commercial Banks Need to Digitize

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