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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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Global Innovation Index measured the performance of 128 countries and is based on 82 sub-indices. (File photo)
August 17th, 2016 - 05:00 GMT

UAE moves up the tables for innovation

The estimated cost of drilling one well in Zohr concession in the Mediterranean Sea’s deep water is roughly $100m. (File photo)
August 17th, 2016 - 04:00 GMT

Egypt: Eni investment in Zohr gas plant reaches $3.5B

The successful auction follows Qatar's nine billion dollar sale of Eurobonds in May 2016, which marked the largest-ever bond issue in the Middle East.  (File photo)
August 17th, 2016 - 04:00 GMT

Qatar auctions $825M in first domestic government bond this year

An educational ministry spokesman said it was working with international firms to set up the independent schools model. (File photo)
August 16th, 2016 - 02:00 GMT

Saudi education ministry set to make 2000 government schools independent

An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran's refusal to take part of the initiative. (Shutterstock)
August 16th, 2016 - 01:17 GMT

Oil prices hit five-week high but skepticism remains over OPEC meeting

Al Faisaliyah Tower in the business district of Riyadh. (Shutterstock)
August 16th, 2016 - 12:16 GMT

Saudi Arabia: Foreign investors ownership expected to double with lifted restrictions

In June 2016, British Airways announced that it was suspending flights to Sharm El Sheikh indefinitely.  (File photo)
August 16th, 2016 - 09:00 GMT

British Airways partners with Egyptian tour operators with new On Business initiative

On a per litre basis, the new retail gasoline price is still less than half of the cost of gasoline in Europe and the lowest in the GCC. (Shutterstock)
August 16th, 2016 - 07:00 GMT

Kuwait's energy subsidy cuts 'a bold move': World Bank

Egypt's Mohamed Mahmoud poses with his bronze medal on the podium of the Men's 77kg weightlifting competition at the Rio 2016 Olympic Games. (AFP/GOH Chai Hin)
August 16th, 2016 - 06:00 GMT

Rio 2016: Organizers struggling to meet overwhelming demand for halal food

Investcorp has seen its most active period since the firm’s inception in the last 12 months after signing five new deals and exiting nine portfolio companies. (Shutterstock)
August 16th, 2016 - 05:00 GMT

Bahrain's Investcorp buys UK's Nebulas to become European cybersecurity giant

OPI alleges regulatory restrictions on international fund transfer in foreign currencies for its failure to settle the payments. (LinkedIn/Red Sea Housing Services Company)
August 16th, 2016 - 04:00 GMT

Saudi-listed Red Sea Housing Services sues to recover $24.5M in US court

The Central Bank of Egypt officially allows exchange offices to sell the US dollar with a 15 piaster difference above or below the official selling price. (File photo)
August 15th, 2016 - 02:00 GMT

Egypt cracks down on informal currency exchange traders

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