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Iran
March 16th, 2026 - 10:37 GMT
Al Bawaba Staff

Al Bawaba Staff

Iran raises its minimum wage by 60%

ALBAWABA - Iran announced raising its minimum wage by 60 percent, following months of anti-government protests amid soaring inflation and poor living conditions. AFP reported that the country revisits its minimum wage salaries annually. However, Iran's war with the US and Israel caused record levels of inflation, prompting the government to raise the minimum wage by over 60 percent. Iran raises its minimum wage by 60% Iran Announces Sharp Minimum ...
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Al Bawaba
February 9th, 2015 - 10:57 GMT

A magic wand? Etihad-Backed Jet Airways posts first profit since 2012

The government has projected a record $38.7 billion budget deficit for 2015 because of the plunge in oil prices.
February 9th, 2015 - 10:47 GMT

Coming to terms with reality: Saudi central bank governor calls for energy subsidy reform

Al Bawaba
February 8th, 2015 - 08:12 GMT

Dubai drops on list of world's most dynamic cities

Al Bawaba
February 8th, 2015 - 07:59 GMT

Stronger oil may support gulf stock markets

Jobs, high living costs and economic opportunities are the main worry for most Tunisians.
February 8th, 2015 - 07:35 GMT

Grand ambitions: Tunisia's new prime minister vows growth and reform

This comes despite the continuing deteriorating price of oil, with Ali Al-Naimi keeping his post as Saudi Arabia’s oil minister under King Salman
February 8th, 2015 - 01:45 GMT

Did the deed: King Salman's 'freebies' boosted economic activity

Al Bawaba
February 8th, 2015 - 05:55 GMT

More ludicrosity: Underwater villas go on sale on at Dubai's World Islands

Al Bawaba
February 8th, 2015 - 04:55 GMT

No more energy 'crunch'? Egypt working on oil and gas exploration deals worth $9.2 billion

Al Bawaba
February 8th, 2015 - 04:55 GMT

Israel's foreign reserve currency continues to fall

Al Bawaba
February 6th, 2015 - 09:01 GMT

Saudi, Dubai stocks pull back as oil prices fall

Al Bawaba
February 6th, 2015 - 08:41 GMT

A newfound patner: Arab exports to Brazil hit $11.4bn

Al Bawaba
February 6th, 2015 - 02:15 GMT

Out of its comfort zone: Dubai group to build $2.6bn luxury resort in Bosnia

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