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BUSINESS

BUSINESS latest

Iraqi money
July 3rd, 2026 - 06:13 GMT
Osama Ali

Osama Ali

Iraq's corruption crackdown uncovers wealth beyond belief, judge says

ALBAWABA — More than $2 trillion has been stolen from Iraq since 2003, according to Iraqi legal adviser and judge Munir Haddad, who said the scale of corruption uncovered by ongoing investigations exceeds anything previously imagined. Haddad said security and judicial authorities continue to arrest new suspects as investigations expand, with daily raids uncovering additional evidence. He noted that detailed confessions from key detainees have led investigators to other alleged ...
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Grocery shopping has become a little bit more expensive as well, but retailers are helping shoppers by launching lots of VAT promotions and fixing prices for some items, especially in hypermarkets. (Shutterstock)
June 19th, 2018 - 10:23 GMT

Post-VAT How the UAE Consumer's Buying Habits Are Changing

Saudi Arabia lifted a 35-year ban on cinemas late last year. (Shutterstock)
June 19th, 2018 - 10:18 GMT

Saudi Arabia Dismisses Entertainment Chief

Samsung Electronics’ renewable energy goals are part of its ongoing efforts to demonstrate its commitment to environmental responsibility.
June 19th, 2018 - 09:53 GMT

Samsung Electronics to Expand Use of Renewable Energy

Maxim Frolov, VP of Global Sales, Kaspersky Lab
June 19th, 2018 - 09:36 GMT

Kaspersky Lab Unveils Top Five Threats Faced by Businesses in the Meta Region

It’s a 2.1-million square foot e-commerce free zone, made to provide technology-enabled warehouses for manufacturers to store their goods before being shipped off to global markets. (Shutterstock)
June 19th, 2018 - 09:31 GMT

Why the UAE Is Poised to Be the Next E-Commerce Capital

Bitcoin and similar cryptocurrencies have "a range of shortcomings" that prevent them from becoming usable government-backed currencies. (Shutterstock)
June 19th, 2018 - 09:23 GMT

Banking Experts: Cryptocurrencies Can't Work as Real Money

Rotana is now officially managing Cayan Tower, the ninth tallest residential high-rise building in the world, under its ‘The Residences by Rotana’ brand.
June 19th, 2018 - 08:57 GMT

Rotana Signs Agreements to Manage New Hotels in Dubai and Sarajevo

Erdogan replies to questions of Turkish youths in social media broadcast. (AFP)
June 19th, 2018 - 08:24 GMT

Turkey to Build Third Nuclear Power Plant: Erdogan

With its vast reserves, low extraction costs and high spare capacity, Saudi Arabia will continue to remain the dominant power broker in the OPEC and international energy markets. (Shutterstock)
June 19th, 2018 - 08:06 GMT

A Look at Saudi Arabia and the New Economics of Oil

Audi CEO Rupert Stadler was arrested Monday in Munich, Germany, in connection with Volkswagen's diesel emissions cheating scandal. (AFP)
June 19th, 2018 - 08:01 GMT

Head of Volkswagen's Audi Arrested in Germany Over Diesel Scandal

The number of female doctors rose from 2,053 in 2012 to 2,403 in 2016. (Shutterstock)
June 19th, 2018 - 07:55 GMT

Growing Number of Women Doctors in Oman, Says Study


OPEC is about to hold what’s likely to be its most difficult meeting in years. (Shutterstock)
June 19th, 2018 - 07:14 GMT

Saudi Oil Chief Faces Toughest OPEC Test After Reviving Market

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