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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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As predicted by pundits, the steady downturn is expected to sustain through 2019 before stabilising in 2020 with recovery expected to start in 2021. (Shutterstock)
March 25th, 2019 - 08:09 GMT

5 Cheapest Areas to Buy Property in Dubai

Turkish lokum, olive oil, figs, hazelnuts may be among products promoted under new brand name. (Shutterstock)
March 25th, 2019 - 07:57 GMT

Turkey to Launch Global Umbrella Brand for High-Quality Exported Goods

For the first time, Abu Dhabi's Hub71 will bring together three key pillars that are essential for the success of Abu Dhabi's technology ecosystem - capital providers, business enablers and strategic partners.  (Shutterstock)
March 25th, 2019 - 07:30 GMT

UAE Launches Dh535 Million Hub for Tech Startups

The acquisition comes ahead of Uber's long-awaited IPO next month, expected to value it at $120 billion. (Shutterstock)
March 25th, 2019 - 07:01 GMT

Uber to Acquire Its MEA Rival Careem for $3.1 Billion

Major chunk of this investment is expected to come from the UAE, Saudi Arabia and China. (Shutterstock)
March 24th, 2019 - 05:00 GMT

Pakistan to Revive Its Economy With $50 Billion Foreign Investment

The application for refunds will be submitted to the bureau, which will perform an initial audit and then request the FTA to refund the amount. (Shutterstock)
March 24th, 2019 - 11:50 GMT

Participants at Expo 2020 Dubai Entitled to VAT Refunds

Egyptian officials are trying to instil new life into its textile industry, which contributes almost 3% of GDP. (Shutterstock)
March 24th, 2019 - 11:05 GMT

Will Egypt's Cotton Industry Flourish Again?

Worryingly for Ankara, industrial output fell 6.4% and there are signs of more falls in the months ahead. (Shutterstock)
March 24th, 2019 - 10:52 GMT

Turkey to Face Big Challenges Due to Recession

If the raft of memorandums of understanding bear fruit, they could boost trade from the current $12 billion to $20 billion annually. (File/Photo)
March 24th, 2019 - 10:36 GMT

US-Iran Relations to Hamper Iraq's 'Silk Road' Success

Huawei has repeatedly denied that it shares information with the Chinese government or that its technology is compromised. (Shutterstock)
March 24th, 2019 - 09:44 GMT

EU to Reject Ban on Huawei Despite US Warnings

The Mohammad bin Rashid Al Maktoum Solar Park is the largest single-site solar energy project in the world. (Shutterstock)
March 24th, 2019 - 09:31 GMT

UAE to Spend $163 Billion on Sustainable Energy

Since the campaign began in November 2017, there have been 2,827,564 offenders, including 2,204,460 for violating residency regulations, 432,461 for labor violations and 190,643 for border violations. (Shutterstock)
March 24th, 2019 - 09:22 GMT

Over 2 Million Expats Arrested in Saudi Arabia

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