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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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Saudi Arabia has nearly doubled its purchases of US corn this year. (Shutterstock)
September 4th, 2017 - 02:12 GMT

Saudi Arabia Doubles US Corn Imports in 2017: Report

The move is expected to encourage exports to countries such as Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. (File photo)
September 4th, 2017 - 02:01 GMT

Iran Lifts Tariffs on Food Exports to Eurasian Countries

The new VAT will be effective from January 1, 2018. (File photo)
September 4th, 2017 - 01:56 GMT

Saudi Arabia Issues Final VAT Implementing Regulations: Details

Luxury car makers have been hit hard by the regional economic slowdown, but signs of a recovery are emerging. (Shutterstock)
September 4th, 2017 - 01:35 GMT

Gulf's Luxury Car Market Sees Signs of Recovery in 2017: Experts

With this key investment, Propertyfinder joins the Turkish property portal's board of directors. (File photo)
September 4th, 2017 - 12:48 GMT

Dubai's Propertyfinder Buys 17 Percent Stake in Turkish Real Estate Portal

The price of the digital currency bitcoin rose above the $4,680 level for the first time in its nine-year history on Thursday. (Shutterstock)
August 31st, 2017 - 01:48 GMT

Bitcoin Hits All-Time High, Close to $4,700

The data gathered keeps track of the daily total number of pilgrims, classified by their nationalities, time and place of arrival and vehicle types. (SPA)
August 31st, 2017 - 12:46 GMT

Saudi Arabia Uses 400 Statisticians, High-Tech System to Track Hajj Data

Istanbul gets ready to put on a show for shoppers and non-shoppers alike. (Photo by jhencolors/ Flickr)
August 31st, 2017 - 12:01 GMT

Retailers Rejoice as GCC Visitors Flock to Istanbul for Eid Al-Adha Shopping

Chinese President Xi Jinping (R) welcomes visiting Saudi King Salman in Beijing on March 16, 2017. (AFP)
August 31st, 2017 - 11:41 GMT

China's ICBC in Talks With GCC Governments, Firms on Yuan Bonds

Damage is seen in the aftermath of Hurricane Harvey in Katy, Texas, on August 26, 2017. (AFP)
August 31st, 2017 - 11:22 GMT

Hurricane Harvey Shuts Down Largest US Oil Refinery, Owned by Saudi Arabia

The deal would create the second largest listed real estate developer in Abu Dhabi. (File photo)
August 31st, 2017 - 11:04 GMT

Abu Dhabi's Eshraq, Reem Investments in Merger Talks

A total of AED151 billion ($41 billion) was invested by foreigners in Dubai property market between January 2016 and June 2017. (File photo)
August 29th, 2017 - 01:12 GMT

Foreigners Invest $41 Billion in Dubai Property in 18 Months: Report

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