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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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The Zarshuran gold mine is one of Iran's most important mineral projects and is referred to as the "golden giant of Iran." (File photo)
August 23rd, 2017 - 03:04 GMT

Iran’s Biggest Gold Mine Produces 3.5 Times Quarterly Estimates

The new service will be initially operated with one vessel with a capacity of over 5,000 tons per voyage and will cater to temperature-controlled cargo and break-bulk. (File photo)
August 23rd, 2017 - 02:19 GMT

Qatar, Turkey Launch Direct Refrigerated Container Route

Saudi Arabia's reserves continued to decline over the January-May 2017 period and stand now at $499 billion.(AFP/ File)
August 23rd, 2017 - 02:06 GMT

Saudi Arabia's Current Account Back in Surplus as Oil Rebounds: Report

Traditional and alternative medicines and therapies (reflexology, acupuncture, etc.) and cosmetic surgery will all be subject to VAT. (File photo)
August 23rd, 2017 - 01:50 GMT

How Will VAT Affect the UAE Healthcare Sector?

The forum will discuss joint investment opportunities between the two countries. (Shutterstock)
August 23rd, 2017 - 01:35 GMT

Major Saudi-Chinese Investment Forum Set in Jeddah Tomorrow

King Salman attending talks at the 26th Arab League Summit in Sharm el-Sheikh, Egypt, on March 28, 2015. (AFP)
August 23rd, 2017 - 01:33 GMT

Saudi Arabia Eyes Joint Investment Fund With China, With a Focus on Energy

Dr Al Nuaimi with officials of the companies at the signing ceremony.
August 23rd, 2017 - 12:19 GMT

Sheikh Zayed Housing Programme Signs Dh1 Billion Deal for Ajman Complex

Dubai Creek Harbour project.
August 23rd, 2017 - 12:00 GMT

Al Naboodah Wins Main Contract for Dubai Creek Harbour Project

EFG Hermes stressed that BLOM’s stocks had outperformed the remaining listed shares of Lebanese banks on the Beirut Stock Exchange.
August 23rd, 2017 - 11:39 GMT

Lebanon’s Three Largest Banks Growing Slowly: Report

The new Samsung Note 8 will be announced on August 23, 2017. (Shutterstock)
August 23rd, 2017 - 11:35 GMT

Watch: Samsung Reveals Note 8 in Two Videos Ahead of Today's Launch

Expo 2020 on Tuesday signed a deal with the Emirates Intellectual Property Association (EIPA) to help guard its intellectual property rights. (Shutterstock)
August 23rd, 2017 - 11:31 GMT

Expo 2020 Dubai Moves to Protect Brand

The project was successfully delivered to the Saudi Customs at King Abdullah Port, making the port a pioneer in equipping the central operations center and activating the 24-hour container inspection initiative.
August 23rd, 2017 - 11:15 GMT

King Abdullah Port Throughput Rises 14 Percent in First Half of 2017

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