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Iraq

FEATURED REPORT...
Posted: 24-07-2011
IRAQ. The Ministry of Oil of Iraq has signed an Implementation agreement for the construction under BOO terms of the Refinery of Karbala with RKC (Refinery of Karbala Corporation Ltd.) The new Refinery will have a daily capacity of 200,000 barrels of Crude Oil and will produce high quality, high octane gasoline (regular and premium) as well diesel fuel for the domestic market. “Karbala Refinery will be located 100km south of Baghdad on a 6 square kilometer plot of land, and will be the most advanced state of the art refinery with almost full conversion rate and with an estimated cost of
Posted: August 28, 2014
IRAQ. Retreating jihadists set three wells ablaze at a northern Iraq oil field Thursday as they battled Kurdish forces that launched a major attack nearby, officials said.
Posted: August 27, 2014
INTERNATIONAL. The reported initiative by Qatar coincides with an effort by the Gulf state to rebut accusations that it supports the most anti-Western militant armed groups in Iraq and Syria.
Posted: August 26, 2014
IRAQ. "We asked for weapons and Iran was the first country to provide us with weapons and ammunition," Kurdistan President Massoud Barzani said at a joint press conference with Iranian foreign minister Mohammad Javad Zarif in Arbil.
Posted: August 26, 2014
INTERNATIONAL. The Kurdistan Regional Government can bring US$100 million of crude ashore in Texas after a U.S. judge threw out a court order that would have required federal agents to seize and hold the cargo for the Iraqi Oil Ministry.
Posted: August 26, 2014
INTERNATIONAL. Is it time to stop thinking about stabilizing Syria and Iraq and start thinking of a new dynamic outside of the artificial states that no longer function? To do this, we need to go back to Lebanon, the first state that disintegrated and the first place where clans took control of their own destiny.
Posted: August 25, 2014
INTERNATIONAL. UN human rights chief Navi Pillay said a ruthless campaign of "ethnic and religious cleansing" by Islamic State jihadists in Iraq amounted to a crime against humanity.
Posted: August 25, 2014
UAE. With its oil wealth, population growth and strong demand for industrial and consumer goods, the MENA region is an attractive market. There are, however, potential pitfalls in doing business, particularly when it comes to appointing local agents to distribute products in the region.
Posted: August 23, 2014
INTERNATIONAL. "We will do what's necessary to protect Americans and see that justice is done for what we saw with the barbaric killing of Jim Foley... and we're not going to be restricted by borders."
Posted: August 22, 2014
INTERNATIONAL. The US intelligence community thinks IS has an incentive to conduct a major terrorist strike against US or European targets to assert itself as the true leader of radical Islam.
Posted: August 20, 2014
INTERNATIONAL. "It's the largest single aid push we have mounted in more than a decade," UNHCR chief Antonio Guterres said in a statement.
Posted: August 20, 2014
INTERNATIONAL. "If genuine, we are appalled by the brutal murder of an innocent American journalist," White House National Security Council spokeswoman Caitlin Hayden said.
Posted: August 19, 2014
IRAQ. U.S. fighter, bomber and drone aircraft took part in the strikes on Islamic State positions near the Mosul Dam, the Pentagon said.
Posted: August 18, 2014
IRAQ. U.S. planes - deployed over Iraq because of the Islamic State's advances - had been striking targets near Mosul Dam over the last 24 hours, a peshmerga spokesman said.
Posted: August 15, 2014
IRAQ. Maliki ended eight years of often divisive, sectarian rule and endorsed fellow Shi'ite Haider al-Abadi in a televised speech during which he stood next to his successor.
Posted: August 14, 2014
INTERNATIONAL. Realism counsels caution, because a bias for action can often lead to disaster. But actually Obama is not a realist, yet he understands restraint. He rushes in with drones and advisers rather than with ground troops. But that is only the beginning of realism, not its culmination.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 28, 2014
LEBANON. The results of the Byblos Bank/AUB Consumer Confidence Index show a marginal improvement in January and February, picking up pace in March and April, and regressing in May and June 2014.
date:Posted: August 28, 2014
UAE. The Saudi equity market index hits a 6 year high; Fed Chief Yellen's commentary at Jackson Hole summit seen as constructive; India in a sweet spot for emerging market debt investors.
date:Posted: August 28, 2014
SAUDI ARABIA. The Saudi Arabian index is the region's most diverse capital market due to its size and maturity; Jadwa Investment views the opening up of the Tadawul as an overall positive but believes a cautious and considered path to reform is the best way forward, much like the Chinese example.
LEBANON. The results of the Byblos Bank/AUB Consumer Confidence Index show a marginal improvement in January and February, picking up pace in March and April, and regressing in May and June 2014.
INTERNATIONAL. I think one of the big fallacies in people's thinking about the Iraqi oil sector has been the focus on who's making money producing the oil. The bigger impact is on consumers.
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