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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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Tourists on a dhow boat in the Strait of Hormuz, Musandam, Oman. (Shutterstock/Imran's Photography)
June 26th, 2016 - 08:30 GMT

Oman's tourism 2040 strategy will create 500,000 jobs: Ministry

Saudi King Salman bin Abdulaziz Al-Saud had earlier issued a decree to secure Egypt’s needs of petroleum over the next five years. (File photo)
June 26th, 2016 - 07:43 GMT

Egypt: $650M in fuel products received from Saudi Arabia in May and June

Sukuk issuance has been growing in Turkey and Qatar. (File photo)
June 26th, 2016 - 06:30 GMT

Islamic banking outgrows conventional banking in Turkey, Qatar

For the British energy sector, Oil & Gas U.K. said in a statement the industry is "at a critical juncture."  (Shutterstock)
June 26th, 2016 - 05:00 GMT

Oil prices suffer one of worst slides in recent history following Brexit vote

Prime Minister David Cameron in 2013 with the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. (Stefan Rousseau)
June 24th, 2016 - 05:25 GMT

Brexit vote rekindles hope for new UK-GCC free trade agreements

Economists say the bilateral trading landscape between the GCC and the UK may not necessarily be harmed by Brexit. (Shutterstock)
June 24th, 2016 - 11:41 GMT

Brexit: A weaker pound presents opportunities for GCC investors

Al Bawaba
June 24th, 2016 - 08:37 GMT

Global markets take a tumble as UK votes to leave the EU

Nearly 100,000 animal rights campaigners signed a petition to protest the opening of a Sea World park in Dubai last year. (Sea World San Diego)
June 23rd, 2016 - 12:00 GMT

After Dubai controversy, Sea World mulls Saudi entry

The main reason almost all cities in the Middle East increased in rank is that their currencies are pegged to the US Dollar.  (File photo)
June 23rd, 2016 - 11:00 GMT

Arab capitals climb the 'most expensive cities' lists

The ban comes after the CSRD sentenced MMG founder Mohammad Al-Mojil and his son Adel Al-Mojil, the firm’s chairman, to five years in jail on Thursday. (Deloitte)
June 23rd, 2016 - 10:00 GMT

Deloitte 'disappointed' after two-year ban decision by Saudi regulator

The deal with the SGRF is part of a new $275-million capital raising by Kenmare. (Shutterstock)
June 23rd, 2016 - 09:00 GMT

Oman state fund invests $100M in Irish mining company

Microsoft CEO Satya Nadella met Deputy crown prince Muhammad Bin Salman in Silicon Valley on Tuesday. (AFP/File)
June 23rd, 2016 - 08:00 GMT

Saudis to receive computing tech training in new Microsoft deal

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