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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 argument of the company is that annual salary is paid only when an employee relinquishes annual leave. Please advise on the entitlements. (Shutterstock)
February 3rd, 2019 - 06:36 GMT

Are You Allowed Annual Leave Salary in Qatar?

The Iranian energy minister reiterated that his country has the needed potentials in renewable energies. (Shutterstock)
February 3rd, 2019 - 06:16 GMT

Iran Extends Support to Foreign Investors in Renewable Energy Sector

Lebanon's Newly Formed Government to Unlock $11 Billion in Foreign Aid. (Shutterstock)
February 3rd, 2019 - 06:09 GMT

Lebanon's Newly Formed Government to Unlock $11 Billion in Foreign Aid


He noted that the first phase of the project will start in two months and will include the construction of Neom Bay. (Neom)
February 3rd, 2019 - 06:00 GMT

Saudi Confirms NEOM Strategy Announcement for Mid 2019

While demand for jewelery was very weak in both Saudi Arabia and the UAE in 2018, it was much worse in Turkey and Iran. (Shutterstock)
February 3rd, 2019 - 05:45 GMT

Gold Is No Longer Glittering for Arab Jewelers in Middle East

Shipments reached 365.2 million units in the last three months of 2018. (Shutterstock)
February 3rd, 2019 - 05:36 GMT

Smartphone Splurge in Gulf Cools Down as Economic Struggles Loom

Saudi Arabia is about to begin development of the first area of its mega business zone NEOM. (Shutterstock)
February 3rd, 2019 - 05:30 GMT

Saudi Launches $53 Billion Industrial Plan NIDLP

Turkey's path will not cross with IMF's for either loans or technical support, says Turkish Treasury and Finance Ministry. (Shutterstock)
February 2nd, 2019 - 10:41 GMT

Turkish Economy Needs No External Support: Finance Ministry

Non-oil growth is projected to rise to 3.9 percent in 2019 and 4.2 percent in 2020. (Shutterstock)
February 2nd, 2019 - 10:40 GMT

UAE Non-oil Growth to Rise 3.9 Percent in 2019

Iran’s president said Wednesday the country was facing its toughest economic situation in 40 years. (AFP)
February 1st, 2019 - 05:30 GMT

Iran Blames US for Toughest Economic Situation in 40 Years

Saudi Arabia’s aim to boost foreign investment in the $496 billion Tadawul stock exchange has taken a leap forward. (AFP)
February 1st, 2019 - 05:00 GMT

Saudi Arabia to Launch the Tradeable MSCI Tadawul 30 Index

Turkish exports rose 7 percent on a yearly basis to hit $168 billion. (Shutterstock)
January 31st, 2019 - 01:22 GMT

Turkey’s Foreign Trade Gap Narrowed to 28.4 Percent in 2018

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