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President: $150bn smuggled from Iraq since 2003

May 24, 2021 at 9:25 am | Published in: Iraq, Middle East, News Iraqi President Barham Salih during a press conference in Baghdad, Iraq on September 02, 2020 [Murtadha Al-Sudani/Anadolu Agency] May 24, 2021 at 9:25 am Iraqi President Barham Salih revealed yesterday that nearly $150 billion has been smuggled out of the country since 2003, adding that he had prepared a bill to recover the smuggled funds, Anadolu reported. Government and international statistics and data estimate that Iraq s financial revenues from oil since 2003 are close to $1 trillion, Salih said in a televised speech on combating financial and administrative corruption. These illegal funds were enough to put the country in a better place, he added.

Iraq PM says will not abandon Palestine cause

Iraq PM says will not abandon Palestine cause May 24, 2021 at 2:03 pm | Published in: Iraq, Israel, Middle East, News, Palestine Iraqi Prime Minister Mustafa Al-Kadhimi in Ankara, Turkey on December 17, 2020 [Emin Sansar/Anadolu Agency] May 24, 2021 at 2:03 pm Iraqi Prime Minister Mustafa Al-Kadhimi yesterday reaffirmed his country s support for the Palestinian cause saying Baghdad will not abandon it. Al-Kadhimi also stressed the importance of Palestinian political unity. According to the Iraqi News Agency, a statement issued by the prime minister s media office said that Iraq will not abandon the Palestinian issue and its principled and firm stance on it, and that Palestine, which inhabits the Iraqi conscience, enjoys popular, political and official support, and will not see from Iraq except direct support through regional and international positions and contacts.

Iraq says $150 billion of its oil money has been stolen from the country since the US invasion in 2003

Iraqi President Barham Salih has said that an estimated $150 billion of stolen oil money has been smuggled out of Iraq in corrupt deals since the US-led invasion of Iraq in 2003. The Sunday, May 23 statement came as the Iraqi President submitted a draft Corrupt Funds Recovery Act to the Iraqi Parliament which he hopes that if passed into law would seek to recover the misappropriated funds through the cooperation of other governments and in partnership with international bodies. “Of the close to a thousand billion dollars made from oil since 2003, an estimated $150 billion of stolen money has been smuggled out of Iraq,” Salih said in a televised speech.

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