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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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Banks and financial institutions have until the end of November 2016 to be in compliance with the terms of the circular. (File photo)
August 22nd, 2016 - 08:00 GMT

Lebanon: Rise in fraud prompts crackdown on unauthorized money lenders

The OMR500m mixed-use Mina Sultan Qaboos Waterfront project is close to being fully funded.   (Omangbnews.com)
August 22nd, 2016 - 07:00 GMT

Oman's tourism arm buys into eight companies

70,000 barrels of crude oil have been sent down the pipeline to the Mediterranean Turkish port of Ceyhan. (File photo)
August 22nd, 2016 - 06:00 GMT

Oil flow from northern Iraq-Turkey pipeline resumes

Abu Dhabi-based international retailer plans to develop a second shopping mall. (File photo)
August 22nd, 2016 - 05:00 GMT

Lulu Group to invest $300M in new Kerala mall

The world’s leading suppliers of event technology will partake in the region’s specialist industry trade show later this year. (File Photo)
August 21st, 2016 - 04:00 GMT

MENA entertainment market booms

A woman stands in line for subsidised bread. (AFP/File)
August 21st, 2016 - 10:00 GMT

Egypt-IMF deal brings in tough austerity measures

Thirty per cent of the $10 billion project will be financed equally by Jordan and Russia. (File photo)
August 21st, 2016 - 09:00 GMT

A nuclear Jordan by 2025? Kingdom seeking funding for first nuclear power plant

The report estimated that the total spend on infrastructure projects related to Dubai Expo 2020 might reach up to $18 billion. (File photo)
August 21st, 2016 - 08:00 GMT

Dubai has 3,700 ongoing construction projects worth $400 billion

Gulfnet is working with global partners to delete cybercrime in the Gulf. (Shutterstock)
August 21st, 2016 - 06:00 GMT

Gulfnet collaborates on global cybersecurity platform

3D model printing. (Shutterstock)
August 21st, 2016 - 05:00 GMT

Middle East poised to become an industry leader in 3D printing

There are currently eight Egyptian ports on the Red Sea used to transport goods and passengers between the two countries.  (Nautica expo)
August 18th, 2016 - 02:05 GMT

Saudi, Egypt mull new $11M marine link between Tabuk, Dahab

Egypt is scrambling to secure some $5B in bilateral financing needed to ensure that a $12B IMF lending programme will go ahead. (AFP/File)
August 18th, 2016 - 01:15 GMT

Egypt scores $2B deposit from Saudi Arabia

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