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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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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

The tower's design is inspired by the harmonious ripples of the UAE's desert sand dunes. (Khaleej Times)
February 2nd, 2019 - 10:39 GMT

Dubai Adds Another Milestone to Its Skyline: The 550-Metre Burj Jumeira

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

Fintech is a portmanteau of financial technology that describes an emerging financial services sector in the 21st century. (Shutterstock)
January 31st, 2019 - 11:31 GMT

Fintech Startups Pave the Way for Reforming Iran’s Financial System

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