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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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Mohab Ghali, Vice President of Operations, Egypt and North Africa, Hilton
October 25th, 2018 - 05:04 GMT

Hilton Presents Its Economic Impact at the US Business Mission to Egypt 2018

Sovereign airspace by international law corresponds with the maritime definition of territorial waters as being 12 nautical miles out from a nation’s coastline. (Shutterstock)
October 25th, 2018 - 04:59 GMT

How Airspace Distribution in the Gulf Looks Like Post Qatar Blockade

Asked about Turkish exports to Qatar, the ambassador said the embassy saw a “big increase” in food products, especially after the economic blockade.  (Shutterstock)
October 25th, 2018 - 04:53 GMT

Turkish Exports to Qatar Grow to 100%

More than a dozen foreign banks that have licences to operate branches in Saudi Arabia cancelled plans to be part of this year’s FII forum. (Shutterstock)
October 25th, 2018 - 04:49 GMT

Saudi to Maintain Soft Spot for Banks Despite Their FII Boycott

Her Excellency Sheikha Hind bint Hamad Al Thani speaking at a reception in London to mark the fourth anniversary of the Qatar Digital Library.
October 25th, 2018 - 04:45 GMT

Vast Gulf History Website Celebrates Four Years and Ten Million Page Views

According to the circular, the applicant must be a Kuwaiti citizen. He must have a general driving license.
October 25th, 2018 - 04:44 GMT

"100 Percent Kuwaiti" Push Continues as Airport Taxis License Chime In

The deal came as Pakistani Prime Minister Imran Khan attended the opening of the Future Investment Initiative in Riyadh on Tuesday. (AFP)
October 25th, 2018 - 04:40 GMT

Saudi Arabia Extends a $6 Billion Aid Pledge to Pakistan

Global index provider MSCI classified the Saudi equity market as an emerging market in June, a move expected to attract billions of dollars of passive funds. (Shutterstock)
October 25th, 2018 - 04:35 GMT

Saudi Cabinet Amends Laws to Lure Foreign Investments in These Sectors

Saudi Arabia is the U.S.’s main weapon buyer. According to Stockholm International Peace Research Institute (SIPRI), the data shows Riyadh made up 18 percent of total U.S. arms sales during 2013-2017 period. (Shutterstock)
October 25th, 2018 - 04:31 GMT

EU Countries Under Pressure to Cease Arms Deals With Saudi Following Khashoggi Death

Highlighting that unsafe food threatened especially young children, the report added: "Although children under 5 make up only 9 percent of the world’s population, they account for almost 40 percent of foodborne disease and 30 percent of related deaths." (Shutterstock)
October 25th, 2018 - 04:24 GMT

Contaminated Food Comes With a $110 Billion Tab Annually

Cavusoglu said President Recep Tayyip Erdogan had previously mentioned that Turkey is taking natural gas from Russia and Iran and if it does not have more options, the country would have to continue taking gas from those two countries. (Shutterstock)
October 25th, 2018 - 04:19 GMT

Turkey Demands Waiver From US Sanctions on Iran

According to the statement, the MOUs support Saudi Aramco's forward-looking strategy across business units, including downstream, offshore, and engineering. (Saudi Aramco)
October 25th, 2018 - 04:14 GMT

Energy MoU's Take the Lion's Share at Saudi's FII With Saudi Aramco Hitting $34 Billion

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