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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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With global oil stocks still too high and US supply recovering faster than anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018. (File photo)
May 15th, 2017 - 02:00 GMT

Brent Oil Prices to Average $54 per Barrel in 2017, $56 in 2018: Experts

Egypt has reported a decline in the unemployment rate during the first quarter of 2017, to reach 12 percent of the total labor force, compared to 12.7 percent in the first quarter of 2016, with youth (15-29 year-olds) making up 79 percent of the total unemployed ratio. (AFP)
May 15th, 2017 - 01:30 GMT

Egypt's Unemployment Rate Down 0.7 Percent Year-on-Year: Report

People buying clothes in front of Al-Husseini Mosque on December 9, 2016, in downtown Amman. (Shutterstock)
May 15th, 2017 - 01:00 GMT

Jordanian Families Spend $1,200 Monthly - on What?

The research shows that usage peaks at 3:00AM during Ramadan among Facebook's 152 million monthly active users in the MENA region. (Pexels)
May 15th, 2017 - 12:30 GMT

Users Spend More Time on Facebook During Ramadan: Survey

More than 87,000 nurses of different nationalities work in Saudi Arabia. Only a few of them are Saudis. (Shutterstock)
May 15th, 2017 - 12:00 GMT

Low Salaries, Poor Education to Blame for Shortage of Saudi Nurses: Official

Al-Aqsa Mosque, Jerusalem. (File photo)
May 15th, 2017 - 11:30 GMT

No More Euro, Dollar or Shekel: Palestinians to Have Their Own Currency Very Soon

Lebanon must start its offshore gas and oil exploration by no later than mid-2018 to benefit from the low cost of oil services, according to an energy expert. (File photo)
May 15th, 2017 - 11:00 GMT

Lebanon Must Hurry to Extract Offshore Oil and Gas, or Someone Else Will: Expert

Saudi Arabia and Russia have agreed to extend the oil output reduction deal for another nine months, until march 2018. (AFP/ Joe Klamar)
May 15th, 2017 - 10:30 GMT

Saudi Arabia, Russia Back OPEC's Oil Output Cut in Joint Statement

Fahad Al Hassawi CCO
May 15th, 2017 - 10:17 GMT

du launches a data-only SIM to address data hungry consumers who want internet on the go

SABB celebrates its 40th anniversary since its launch in Saudi Arabia in 1977 as a Saudi joint stock company in partnership with HSBC Group.
May 15th, 2017 - 10:06 GMT

SABB celebrates its 40th anniversary

Huawei at Dubai Airport Show 2017
May 15th, 2017 - 10:06 GMT

Huawei Showcases Latest ICT Solutions with Partners to Power Digital Aviation at Dubai Airport Show

In April, the UAE announced a ban on the imports of specific vegetables and fruits from five Middle Eastern countries over concerns about high levels of pesticides. (AFP)
May 15th, 2017 - 10:00 GMT

UAE Ban on Food Imports Will Not Affect Ramadan Markets: Ministry

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