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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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BHS entered administration in April after accruing debts of more than £1bn ($1.4bn) and failing to find a buyer. (AFP/Carl De Souza)
July 4th, 2016 - 06:00 GMT

Qatar's Al Mana acquires ailing BHS retail franchise

The actual budget deficit for the 2015/2016 fiscal year which ended on March 31 is KD 5.5 billion, the first actual deficit to be posted by Kuwait after 16 years of surpluses. (File photo)
July 4th, 2016 - 05:15 GMT

Kuwait may borrow up to $16.5B to finance budget deficit

A source within the CBE said the total dues repaid by the central bank to Qatar in the past two years amounted to $7 billion. (File photo)
July 4th, 2016 - 04:20 GMT

Payback time: Egypt settles billion-dollar debt with Qatar

Muslim pilgrims gather to perform noon and afternoon prayers at Namira Mosque in Mount Arafat, southeast of the Saudi holy city of Mecca. (AFP Photo/Mohammed Al-Shaikh)
July 3rd, 2016 - 02:00 GMT

Saudi tourism commission estimates 140 million visitors by 2020

License holders will be required to utilize only best practice technology that reduces the environmental impact of natural gas and oil exploration and production operations. (File photo)
July 3rd, 2016 - 01:00 GMT

Israel to award 60 new oil and gas licenses for offshore exploration

The merger will create an entity with Dh642 billion in total assets, making the combined bank the largest in the Middle East and North Africa.. (Aisbrandlab.com)
July 3rd, 2016 - 11:00 GMT

UAE's $175B NBAD, FGB merger gets green light from board members

Investigations were launched amid reports that executives at some state-owned firms were earning more than 50 times the base government salary. (File photo)
July 3rd, 2016 - 10:00 GMT

Mass resignations at Iran's sovereign wealth fund after 'fat cat' salary investigations

One of the thorny issues Lebanon may need to solve before embarking on gas exploration is the 870 square kilometer disputed zone near the southern territorial waters. (Shutterstock)
July 3rd, 2016 - 09:00 GMT

Lebanon moves closer to removing hurdles to offshore gas exploration

Gulf Keystone Petroleum said said it ended 2015 with an average daily production rate of 36,000 barrels of oil per day at Shaikan and the field is now on pace to reach 55,000 bpd potentially. (File photo)
July 3rd, 2016 - 07:45 GMT

KRG to receive $10M payout bonus for bumper production at Shaikan oil field

A weaker pound and euro would hit the UAE hardest of the Gulf economies due to its large tourism and real estate sectors. (Shutterstock)
July 3rd, 2016 - 05:43 GMT

Brexit: Pros and cons for the GCC

The agreement grants Iraq a one-year grace period and a total of 8 1/2 years to pay for military purchases.  (Twitter)
June 30th, 2016 - 01:00 GMT

US extends $2.7B military finance credit to Iraq

Debit cards for accounts in foreign currency can still be used abroad up to a limit of $100,000 as per a 2014 directive. (File photo)
June 30th, 2016 - 12:00 GMT

Egypt: Foreign currency crisis prompts ban on use of debit cards overseas

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