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Economy and Policy

Economy and Policy latest

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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The recent slump in oil prices has constrained activity for consultants in the GCC. In fact, the market has slowed to about 6 percent growth from 15 percent in 2014. (Shutterstock)
April 9th, 2017 - 10:19 GMT

GCC consulting sector hit by lower oil prices: Report

Markets fall after the US launched dozens of missiles against an airbase in western Syria on Friday. (File photo)
April 9th, 2017 - 06:42 GMT

Stock markets fall in aftermath of US airstrikes in Syria

The price of oil has hit its highest level for a month in response to the US missile attack on a military base in western Syria: Agencies. (AFP/File)
April 7th, 2017 - 07:45 GMT

Oil prices jump after Trump launches military strike on Syria

The Saudi cabinet said it is planning a 35-percent increase in basic salaries of all air force pilots and weapons operators. Officers who fly fighter jets or operate their weapons systems will receive a 60-percent pay increase. (File photo)
April 6th, 2017 - 02:01 GMT

War in Yemen: Saudi fighter pilots get 60 percent pay hike

Consumer prices in Turkey rose 11.3 percent in March from the same period in 2016, the highest annual rate recorded since October 2008. (File photo)
April 6th, 2017 - 01:34 GMT

Turkey's inflation rate still stuck in double-digit territory

March witnessed a downward trend in price indexes of the food groups except meat, according to UN's Food and Agriculture Organization (FAO). (File photo)
April 6th, 2017 - 12:26 GMT

Global food prices drop in March amid large supplies: UN

Theresa May, pictured left with Saudi Arabia's King Salman, during her two-day trip to Riyadh on April 4 2017. (AFP)
April 6th, 2017 - 11:23 GMT

Theresa May is trying to get Saudi Aramco's IPO to list in London instead of New York

Real estate and financial services represent 75 percent of global investment flows into the UAE alone. (Pixabay)
April 6th, 2017 - 10:56 GMT

Services get the biggest share of global investment flows: WTO

Sharjah's tourism and travel sector is expected to grow to more than $1.3 billion by 2019. (File photo)
April 6th, 2017 - 04:00 GMT

Sharjah's FDI to exceed $272M in 2017

Rifaat Assad is the exiled uncle of Bashar Assad. He was vice president of Syria when the country was ruled by Bashar’s father Hafez. (File photo)
April 5th, 2017 - 10:03 GMT

Assad's uncle properties seized by Spanish police in money laundering investigation

The weak exchange rate relative to the US dollar continues to be the key reason for higher raw material prices. (File photo)
April 5th, 2017 - 12:36 GMT

Weak economy, currency send Egypt non-oil sector into free fall

The country's automotive exports register all-time high of $7.12 billion between January and March 2017. (Anadolu)
April 5th, 2017 - 11:39 GMT

Turkey's automotive exports reach historic high with $7.12B

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