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Iran war exposes Trump’s weak point under economic pressure
April 18th, 2026 - 10:41 GMT
Osama Ali

Osama Ali

Iran war exposes Trump’s weak point under economic pressure

ALBAWABA - President Donald Trump is facing difficulties as domestic expenses continue to climb due to the prolonged battle with Iran, which is gradually putting strain on the US economy. The conflict's economic effects have grown increasingly apparent, but despite military efforts, its goals have not yet been fully met. Customers are being impacted by rising gasoline prices and worries about inflation, which puts further pressure on the government. Initially ...
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QAIA can now accommodate large aircraft, including the world’s largest airplane, the double-decker Airbus A380, that is scheduled to land in the airport this month. (File photo)
September 6th, 2016 - 12:00 GMT

Jordan's Queen Alia International Airport completes phase two of expansion

IPP projects are usually more cost effective than government power plants.  (File photo)
September 6th, 2016 - 10:00 GMT

Private sector to help power up energy needs to ease GCC governments' burden

Medicines for heat-related ailments are not covered under insurance, which makes the workers reluctant to pay from their pocket and this eventually worsens their condition. (File photo)
September 6th, 2016 - 09:00 GMT

Oman's trade unions urge change in breaks policy after increase in heat-related illnesses

More than 200,000 square metres of country pavilions will also be reused as collaborative work spaces to house companies and other institutions. (File photo)
September 6th, 2016 - 08:00 GMT

No white elephants: Dubai Expo 2020 site will become 'business ecosystem'

Egyptian Media Company will be registered on the stock market as a holding company by 2017 and raise up to 1 billion Egyptian pounds in 2018 after the IPO.  (File photo)
September 6th, 2016 - 07:00 GMT

Egyptian Media Company plans $113M IPO

The report also showed a drop in the amount of new work received from abroad, the 13th in as many months. (File photo)
September 6th, 2016 - 06:24 GMT

Lebanon's private sector records drop in output, new orders: BLOM

Gardenia Plaza Resort in Sharm El Sheikh, a timeshare property once a popular with European tourists. (Capstone Travel)
September 6th, 2016 - 05:44 GMT

Egypt: Steep decline in tourism prompts rethink of timeshare system

Saudi Deputy Crown Prince Muhammad bin Salman at the G20 Summit in Hangzhou. (AFP/Nicolas Asfouri)
September 6th, 2016 - 05:13 GMT

Saudi, Russian statement lifts oil prices despite lacking specifics of action plan

A broader consensus around the need to standardize legal structures and Sharia interpretation could help the industry to progress, according to S&P. (File photo)
September 5th, 2016 - 12:55 GMT

Islamic finance: Cheap oil, lack of industry standardization will impact growth

The Grand Ethiopian Renaissance Dam is now 70 percent complete. (File photo)
September 5th, 2016 - 12:34 GMT

Another day, another delay: September's Grand Renaissance Dam meeting postponed

PCP Capital Partners LLP is led by investment banker Amanda Staveley, who was instrumental in assisting Barclays in raising funds in Abu Dhabi. (File photo)
September 5th, 2016 - 12:01 GMT

Barclays accused of fraudulent $3B loans to Qatari investors to buy its own shares

There has been a recent surge in the number of bank defaults and incidents of fleeing expatriate businessmen in the absence of a legal framework on debt restructuring and bankruptcy. (Shutterstock)
September 5th, 2016 - 07:00 GMT

New UAE bankruptcy law will make business environment more investor-friendly

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