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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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The reasons for cancellation of the $3.2bn oil facility by the UAE could not be immediately ascertained. (Shutterstock)
March 15th, 2019 - 07:12 GMT

Pakistan Fails to Secure $3.2 Billion UAE Oil Facility

Libya’s total oil production currently stands at around 1.17m bpd, according to Bloomberg. (Shutterstock)
March 15th, 2019 - 06:43 GMT

Libya’s High Oil Production Puts Pressure on OPEC Deal

The Emirate is in the top spot globally in terms of high-end technology transfers. (Shutterstock)
March 15th, 2019 - 06:39 GMT

More Than $21 Billion Invested in AI and Robotics in Dubai

GCC countries must invest in research and innovation to ensure a steady supply of high-quality chemicals. (Shutterstock)
March 14th, 2019 - 12:52 GMT

Research and Innovation Key to Oil Sector’s Sustainability' for GCC Countries

GCC countries this year will face weaker oil output compared to 2018 levels. (Shutterstock)
March 14th, 2019 - 11:32 GMT

Moody's: Weaker Oil Output to Put Pressure on GCC Deficits, Weaken External Positions

The COFE App founded in the summer of 2017 has already attracted venture capital investment from around the Arab world. (Shutterstock)
March 14th, 2019 - 11:12 GMT

Kuwait-Based App to Change Global Coffee Consumption Habits

Apple Is Losing Iranian Market Due to US Sanctions. (Shutterstock)
March 14th, 2019 - 09:47 GMT

Apple Is Losing Iranian Market Due to US Sanctions

Boeing Suspends 737 Max Operations After US Ban. (Trade Arabia)
March 14th, 2019 - 08:57 GMT

Boeing Suspends 737 Max Operations After US Ban

Oil Prices Increase as US Lowers Crude Production Estimates. (Shutterstock)
March 14th, 2019 - 08:27 GMT

Oil Prices Increase as US Lowers Crude Production Estimates

Bahrain Ranks Second on Forbes' List of Best Places for Women to Work. (Shutterstock)
March 14th, 2019 - 08:01 GMT

Bahrain Ranks Second on Forbes' List of Best Places for Women to Work

The fifth gas pipeline will be operational end of the current year. (Shutterstock)
March 14th, 2019 - 07:51 GMT

Kuwait to Boost Gas Production With New Gas Pipeline Inauguration

Iraq's Oil Exports Drop in February. (Shutterstock)
March 14th, 2019 - 07:37 GMT

Iraq's Oil Exports Drop in February

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