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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 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.
Posted: August 14, 2014
INTERNATIONAL. Mission to evacuate Iraqi civilians trapped on Mount Sinjar is far less likely after a U.S. assessment team found the humanitarian situation not as grave as expected.
Posted: August 13, 2014
INTERNATIONAL. Cameron declined to give details of the operation but said Britain would play a role, just as it had worked alongside the United States in conducting humanitarian aid drops.
Posted: August 13, 2014
IRAQ. "I confirm that the government will continue and there will not be a replacement for it without a decision from the federal court," Maliki said in his televised weekly address.
Posted: August 12, 2014
INTERNATIONAL. It remains unclear how much support Maliki, who remains acting premier, has to obstruct the formation of a new administration. Key military commanders said they would support al-Abadi.
Posted: August 11, 2014
IRAQ. President Fouad Masoum asked Haider al-Abadi to lead an administration that can win the support of parliament and urged him to "form a broader-based government."
Posted: August 11, 2014
IRAQ. Islamic State militants have killed hundreds of Iraq's minority Yazidis, burying some alive and taking women as slaves, an Iraqi government minister said.
Posted: August 8, 2014
INTERNATIONAL. Islamic State fighters, who have beheaded and crucified captives in their drive to eradicate "unbelievers," have advanced to within a half hour's drive of Arbil, capital of Iraq's Kurdish region.
Posted: August 8, 2014
UAE. The decision to suspend the four flights a week passenger service "follows advice regarding the possibility of a deteriorating security situation in the region."


date:Posted: August 22, 2014
INTERNATIONAL. By 2040, Africa will experience faster economic growth than any other region and is expected to have the biggest labour force in the world; By 2030 Dar es Salaam and Luanda could have bigger populations than London has now.
date:Posted: August 21, 2014
INTERNATIONAL. The report found there are 15 million middle-class households in 11 of sub-Saharan Africa's top economies this year, up from 4.6 million in 2000 and 2.4 million in 1990, an increase of 230% over 14 years.
date:Posted: August 21, 2014
UAE. "The establishment of QIFs aimed at sophisticated, high-net worth investors is a welcome development which reflects the fact that a one size fits all approach to regulation is not appropriate."
SAUDI ARABIA. Saudi Arabia set out draft proposals on foreign-shareholder limits as one of the world's most restricted stock markets prepares to open its doors for the first time to investors outside the region.
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.