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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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Qatar recently introduced a new taxation law. (Shutterstock)
February 22nd, 2019 - 07:50 GMT

Qatar’s Business Sector Ready for New Tax Laws

The volume of non-oil trade between the two countries in 2017 was recorded at AED36bn, a growth rate of 12.4 per cent over the year 2016. (Shutterstock)
February 21st, 2019 - 12:05 GMT

Oman, UAE to Develop Investment Opportunities

P&G aims to spend $100 million on deliberately working with Women-Owned Businesses in IMEA with a $30 million commitment to India. (Shutterstock)
February 21st, 2019 - 11:28 GMT

P&G Commits to Gender Equality Across the IMEA Region

On January 31, the UK, Germany and France (the European Union signatories of the nuclear deal) launched a special purpose vehicle (SPV), dubbed the Instrument in Support of Trade Exchanges (INSTEX). (Shutterstock)
February 21st, 2019 - 11:05 GMT

INSTEX to Open up New Opportunities Between Iran, Russia

The authority said the news reports circulating online were inaccurate and misconstrued. (Shutterstock)
February 21st, 2019 - 10:44 GMT

UAE Dismisses Online Reports About Easing Qatari Shipping Ban

Indian Prime Minister Narendra Modi shakes hands with Saudi Crown Prince Mohammed bin Salman prior to a meeting at Hyderabad House in New Delhi on February 20, 2019. (AFP)
February 21st, 2019 - 08:23 GMT

Saudi Investment in India to Reach $100 Billion Within Two Years

World Bank Regional Director Saroj Kumar Jha said the pledges - upward of $12 billion in soft loans and grants - were not at risk. (Shutterstock)
February 20th, 2019 - 09:33 GMT

Lebanon Back on CEDRE Track to Unlock $12 Billion of Loans and Grants

An official at the IACC said on Tuesday that a specialised team overseeing the matter found that the value of the 667 forged exemptions amounted to JD1,459,000, Petra reported. (Shutterstock)
February 20th, 2019 - 09:10 GMT

Jordan Identifies More Than 1.45 Million JDs Worth of Forged Medical Exemptions

The rules for dealing with expatriates who violate the laws already exist. Several important points include the non-permissibility of allowing the worker to work separately or for others by his employer. (Shutterstock)
February 20th, 2019 - 08:58 GMT

Saudi Cracks Down on Violating Expats

According to Xinhua, Zarif expressed Tehran’s desire to take part in China’s massive infrastructure development project. (Shutterstock)
February 20th, 2019 - 08:47 GMT

Iran Wants in on China's Belt and Road Initiative

'The step that we are taking today is a step towards transparency and standards." - Saad Hariri, The President of the Council of Ministers.
February 20th, 2019 - 08:34 GMT

Lebanon Launches Electronic System in Bid for More Transparency

SME’s stake in the financial portfolio of Saudi banks has doubled over the last two years. (Shutterstock)
February 20th, 2019 - 08:23 GMT

Opinion: This Is What Plagues SMEs in Saudi, and It's Not the Money

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