The Iraqi Integrity Commission announced, on Thursday, that diplomatic efforts have resulted in the recovery of one of the suspects in the major theft of tax trusts, which became known in Iraqi political and media circles under the name of the “heist of the century”.
By John Lee. Iraq's Federal Commission of Integrity has issued warrants for the arrest of four senior officials in the previous government, including former Minister for Finance, Ali Allawi (pictured). The warrants relate to the theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority's account at the state-run Rafidain Bank, an
By John Lee. A new road map has been put in place for the continuation of work on the the giant Bismayah New City project on the outskirts of Baghdad. According to a statement from the National Investment Commission (NIC), South Korean company Hanwha is expected to sign a revised contract in the coming weeks,