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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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OPEC’s second-biggest producer said supply curbs by the cartel haven’t yet achieved their purpose. (Shutterstock)
June 12th, 2018 - 06:21 GMT

OPEC Resistance to Saudi Supply Plan Grows With Iraqi Defiance

Bitcoin rebounded on Tuesday despite reports that Apple banned mining on all of its devices. (Shutterstock)
June 12th, 2018 - 06:15 GMT

Apple Bans Cryptocurrency Mining on All Devices

David Miliband, President and CEO of the International Rescue Committee, will be the keynote speaker at the upcoming World Innovation Summit for Health.
June 12th, 2018 - 06:15 GMT

President and CEO of International Rescue Committee Announced as Keynote Speaker for WISH 2018

The inflation rate has dropped to 11.4 percent in May which is a 2 percent decrease since April. (Shutterstock)
June 12th, 2018 - 06:08 GMT

Egypt’s Inflation Rate Drops Down to 11 Percent in May

Nearly 20 percent of schools in Yemen can no longer be used because they are destroyed, damaged, sheltering displaced families or used for military purposes.
June 12th, 2018 - 06:06 GMT

UNICEF: 8 Million Children Sit End-Of-Year Exams Across the Middle East and North Africa

The new law must not have negative impacts on human rights. (Shutterstock)
June 12th, 2018 - 06:04 GMT

Experts to Form Coalition to Provide Recommendations on New Income Tax Law in Jordan

Citizens who earn up to OMR 950 a month will be able to benefit from the fuel subsidy system starting August 1, 2018.
June 12th, 2018 - 05:58 GMT

Fuel Subsidy Net Widened for Omanis

In the interview Dr. Abu-Ghazaleh discussed the challenges and successes he underwent in the various stages of his life as well as the invaluable lessons he learned.
June 12th, 2018 - 05:54 GMT

Bahraini-Based ‘Mayadeen’ Publishes Exclusive Interview With Abu-Ghazaleh

Industry experts believe the impact of VAT on the construction sector has been very minimal. (Shutterstock)
June 12th, 2018 - 05:53 GMT

No VAT Impact on Construction Sector in UAE

This demand was made by Ambassador Nabil al-Ashri, acting chargé d'affaires at the Saudi embassy in Austria. (SG)
June 12th, 2018 - 05:46 GMT

Tighten Control on Iranian Nuclear Sites: Saudi Arabia

Over 66 per cent of respondents believe salaries are either increasing or staying the same. (Shutterstock)
June 12th, 2018 - 05:37 GMT

More Than Half of UAE Employees Expect Salary Hike in 2018

The mall promises great sales with more than 90 per cent discounts across major brands.
June 12th, 2018 - 05:02 GMT

Flash Sale Awaits Shoppers in Al Ain’s Bawadi Mall

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