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Ali Al-Zaidi
June 27th, 2026 - 10:35 GMT
P. Choiaqo

P. Choiaqo

Iraq’s new PM begins a long battle against entrenched corruption in Iraq by seizing $86 million

ALBAWABA -Ali Al-Zaidi, Iraq’s new and youngest PM ever, has begun a battle against corruption - making the first move by seizing $86 million in cash alongside properties, vehicles, and gold. Corruption is a long-standing issue in Iraq; especially in the public sector - something already widely known by the Iraqi populace. However, Iraq’s new and youngest PM seems to be giving Iraqis a breath of fresh air; opening investigations ...
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As per the law, most financial services are VAT exempt in the UAE. (Shutterstock)
April 4th, 2018 - 08:22 GMT

UAE Banks May Hike Fees to Offset Additional VAT Costs in 2018

The Saudi Commission for Tourism and National Heritage has completed tourist visa regulations. (Shutterstock)
April 4th, 2018 - 07:07 GMT

Saudi Arabia Announces Completion of ‘Tourist Visa’ Rules

Prime residential properties in Dubai are more economical than New York, London, Hong Kong, Paris, Geneva, Tokyo and Mumbai, among others.
April 4th, 2018 - 06:34 GMT

Dubai's Prime Property Prices More Affordable Than Global Peers: Report

FDI to developing economies remained stable, at an estimated $653 billion, 2 percent more than the previous year. (Shutterstock)
April 3rd, 2018 - 12:00 GMT

Despite Challenges, Global FDI Hits $1.52 Trillion in 2017

A proposed Islamic investment megabank is likely to be launched in 2018, according to Islamic Development Bank spokesman Abdul-Hakim Elwaer. (Courtesy of Anadolu Agency)
April 3rd, 2018 - 11:07 GMT

Turkey, Muslim Countries to Launch Islamic Megabank in 2018

Approval was issued for an Iraqi investor to obtain Jordanian nationality. (Shutterstock)
April 3rd, 2018 - 10:12 GMT

Jordan: Iraqi Investor First to Receive Citizenship Under New Law

Full year 2017 saw the announcement of 126 deals worth approximately $16.0 billion as compared to 129 deals in 2016 at a total value of $37.8 billion. (Shutterstock)
April 3rd, 2018 - 09:15 GMT

M&A Deals in Middle East Down 57 Percent in 2017: Report

Protectionism was not a tool to protect economies and will not help maintain sustainable growth. (Shutterstock)
April 3rd, 2018 - 08:49 GMT

UAE Opposed to Protectionism, Top Official Says

Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation. (File photo)
April 2nd, 2018 - 11:16 GMT

Is Gold Headed to $1,500 This Spring?

On June 23, 2016, citizens of the UK voted to cut ties and leave the 28-member European economic bloc. (Shutterstock)
April 2nd, 2018 - 10:16 GMT

Brexit Countdown Begins: What's Next?

The find represents the largest discovery of oil in the Kingdom since 1932, when extraction started on Bahrain’s first oil well within the Bahrain Oil Field. (Shutterstock)
April 2nd, 2018 - 09:00 GMT

Bahrain Announces Giant Oil Discovery, Biggest Since 1932

Careem’s recent acquisition of RoundMenu, a food delivery service, is evidence that it is pushing in to new sectors. (File photo)
April 2nd, 2018 - 06:50 GMT

Keys to Diversification and Profitability in the Gulf Region: Interview With Careem

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