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Iraq at risk of power shortages after Iran slashes gas supply

 Iraq’s capital Baghdad and other cities are at risk of serious power shortages after Iran slashed gas exports, the electricity ministry said on Sunday, potentially placing further pressure on the government of Prime Minister Mustafa al-Kadhimi. Iran has reduced gas exports to Iraq...

Dubai cuts 2021 budget as pandemic impacts economy

Dubai said Sunday it expects to cut its budget to $15.5 billion in 2021 after its economy was impacted by a plunge in tourism and other sectors amid the novel coronavirus pandemic. The emirate, one of the seven that make up the United Arab Emirates, had posted a record $18.1 billion budget...

Turkey hit by 5.5 magnitude quake: USGS

A 5.5 magnitude earthquake struck eastern Turkey on Sunday, the US Geological Survey said, with initial reports indicating no immediate casualties. Interior Minister Suleyman Soylu said there were no reports of material damage or casualties so far. The USGS said the quake was registered...