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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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The Director General of the IMF also suggested to raise revenues via corporate income, property and excise taxes. (Elaph)
February 22nd, 2016 - 09:46 GMT

VAT for GCC agreed at five percent in 2018

The government has waived the recruitment freeze for vital professions such as education and medicine. (File photo)
February 22nd, 2016 - 08:07 GMT

Kuwait's public sector to lay off 'unnecessary' expats by year-end

Despite the losses, Arabtec's investors seem buoyed by the project pipeline. (Venturesonsite.com)
February 22nd, 2016 - 06:00 GMT

Arabtec posts $626M debt for 2015, but investors keep the faith

The donations came from Banque Misr, the National Bank of Egypt (NBE), the Commercial International Bank (CIB), and the Banque du Caire. (File photo)
February 22nd, 2016 - 05:09 GMT

Egyptian banks donate $5.1M towards downtown Cairo redevelopment

Statistics indicate that most of the irregularities were found in single homes rather than in large labour accommodation companies. (Business Insider)
February 21st, 2016 - 03:00 GMT

Bahrain cracks down on unsafe migrant worker housing

Homeowners who rent out their properties in Dubai are now required to meet certain standards and use a Dubai Tourism licensed operator. (Dubai Holiday Villa)
February 21st, 2016 - 02:00 GMT

Dubai introduces new regulations for holiday home rentals

The proposed new capital was announced in March 2015 and will be located 45 kilometers east of Cairo. (Twitter)
February 21st, 2016 - 01:30 GMT

African Development Bank to contribute $1.5B to Egypt's new capital project

Al Bawaba
February 21st, 2016 - 01:00 GMT

True to their word, Iran pumps up the volume

The Saudi Press Agency quoted a Saudi official claiming Hezbollah has "hijacked the will of the state in Lebanon".  (File photo)
February 21st, 2016 - 12:00 GMT

GCC backs Saudi's suspension of $4B arms deal to Lebanon

Gulfood is now the world's largest halal food sourcing trade event. (Gulfood)
February 21st, 2016 - 11:00 GMT

Gulfood, glorious food: Expo predicts record turnout in Dubai

Egypt's exports to Lebanon before 2011 reached $500M but have declined in the past couple of years. (File photo)
February 21st, 2016 - 10:00 GMT

Egypt and Lebanon plan increased bilateral trade, eyes on Africa

The Middle East is an emerging market for smart airports. Abu Dhabi Airport. (File photo)
February 21st, 2016 - 09:00 GMT

MENA smart airport market to reach $850M by 2019

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