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Iran $300 Billion

June 16th, 2026 - 10:08 GMT

P. Choiaqo

Trump slams $300 billion payment to Iran as ‘fake news’

ALBAWABA - The $300 billion figure has been circulating recently in relation to a potential payment to Iran as part of a peace agreement, with U.S. President Donald Trump rejecting the notion as ‘fake news’. "The story that the US is paying Iran 300 million dollars is fake news," Trump said in a post. While he cited 300 'million, not billion', it seems unclear whether this is the same sum ...

Another reason for the slowdown may be that households balance sheets are stretched after a surge in consumer borrowing over the past few years.

July 7th, 2014 - 11:42 GMT

Bad decisions always bite: labor crackdown, consumer borrowing suggested as potential reasons for Saudi Arabia's slowed economic growth

Dubai’s real estate market may also be overheating, as the country’s central bank issued a warning on the soaring property prices.

July 7th, 2014 - 10:49 GMT

Events of June 2014 drag GCC financial markets to the 'red zone'

Yemen's income from oil exports tumbled by over 64 per cent to $73.4 million in May from a year ago,

July 7th, 2014 - 03:55 GMT

How much more can the country handle? Yemen's oil exports down 60%

Dubai is planning to build a temperature-controlled city featuring the world’s largest mall and an indoor park, as well as hotels, health resorts and theaters, the developer said.

July 7th, 2014 - 01:24 GMT

A parody of itself? Dubai to build climate-controlled 'city' and a mall bigger than the world's biggest

The tax on other alcoholic beverages, such as wine and spirits manufactured locally or imported from abroad, has been increased by 150%.

July 7th, 2014 - 01:06 GMT

He's all about health: Al-Sisi imposes additional 50% tax on cigarettes, 200% on beer

Al Bawaba

July 7th, 2014 - 01:01 GMT

The end of the energy market as we know it: US overtakes Russia and Saudi Arabia as world's largest oil and gas producer

Al Bawaba

July 7th, 2014 - 12:48 GMT

New data reveals how much GCC visitors are spending on the World Cup

Al Bawaba

July 6th, 2014 - 09:45 GMT

Manoeuvring the post-sanctions market: Iran's car output jumps 60%

Many citizens have objected to the price increase, which was approved by the government yesterday.

July 6th, 2014 - 03:55 GMT

Fuel prices to increase 70%: Egypt slashes subsides overnight amidst public outcry

Al Bawaba

July 6th, 2014 - 03:55 GMT

Making the leap: Jordan jumps 19 places in e-governance rankings

“EDL will limit the network’s productive capabilities to a fixed amount of 1,550 Megawatts from July 1 to Sept. 10," the statement said. “We call on citizens to understand need to achieve balance between the need for electricity production and the sensitive situation of the public budget,” the EDL said.

July 6th, 2014 - 02:55 GMT

From bad to worse: Lebanon determines 13 hours of electricity a day

The spending figure of 23.21 billion dinars is 10.5 percent higher than estimates in the past fiscal year of 21 billion dinars.

July 4th, 2014 - 02:28 GMT

Will it get away with it this time? Kuwait passes excessively high budget, projects deficit