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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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“Unfortunately, often when that tax goes up the illicit trade will go up,” said LeMoult, speaking at the third Global Illicit Trade Forum in Abu Dhabi. (Shutterstock)
November 1st, 2018 - 03:30 GMT

Illicit Trade in GCC Rises as VAT and Taxation Increase

On Tuesday, the executive director of the International Energy Agency (IEA), Fatih Birol, warned that high oil prices hurt consumers and could harm producers. (Shutterstock)
November 1st, 2018 - 03:25 GMT

Oil Prices Rising Despite Output Increase and Iran Sanctions

The Algerian state-owned Sonatrach developed a strategic vision for 2030 to become one of the world's top five oil corporations, Guitouni pointed out. (Shutterstock)
November 1st, 2018 - 03:20 GMT

Algeria Taps Into Shale Gas Reserves, With Production Slated Within Five Years

The U.S. reimposed other non-oil sanctions in August, but next week's tranche is expected to have the greatest economic effect. (Shutterstock)
November 1st, 2018 - 03:14 GMT

US May Grant Waivers as Iran Sanctions Loom

As the U.S. financial system increasingly becomes an extension of Trump’s national-security policy, European policymakers have begun to lament the “tyranny” of the dollar. (Shutterstock)
November 1st, 2018 - 03:09 GMT

How Trump Is Using the Dollar to Reshape the Middle East

The primary faculty mentor from GU-Q for the project, Dr. Jeremy Koons
October 31st, 2018 - 01:10 GMT

GU-Q Research Proposals Awarded QNRF Grants

The first MacBook Air revolutionised Mac with its thin wedge-shaped aluminium design. (khaleejTimes)
October 31st, 2018 - 01:06 GMT

Everything You Need to Know About the New Macbook Pro

UAE Flag Day at The Dubai Mall
October 31st, 2018 - 12:50 GMT

The Dubai Mall Celebrates UAE Flag Day With ‘Floating Colours’, A 180-Metre-Long Art Installation Spanning Three Levels

The award ceremony was part of the second day of the Global Islamic Economy Summit 2018.
October 31st, 2018 - 12:41 GMT

Al Mansoori Honours Global Islamic Business Award Winners

Atlantis The Palm Hotel
October 31st, 2018 - 12:34 GMT

Atlantis, the Palm Joins Forces With the Dubai Fitness Challenge to Offer Month Long Complimentary Tennis Lessons, Pedalo Sessions and Underwater Yoga

The English restauranteur is most notorious for its mouth-watering truffle burgers, crunchy fish & chips, juicy lasagna, chicken & mushroom pie.
October 31st, 2018 - 12:24 GMT

Leopold’s of London Heads to Taste of Abu Dhabi 2018

Mercedes-Benz Oman - Actros Health Check Sohar
October 31st, 2018 - 12:02 GMT

Mercedes-Benz Oman Offers Health Checks on Actros Trucks in Suhar

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