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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: July 29, 2014
INTERNATIONAL. Kurdish officials "misappropriated" more than 1 million barrels of oil from northern Iraq and exported it through a Turkish pipeline, according to a complaint filed in federal court.
Posted: July 25, 2014
IRAQ. Iraq's parliament elected senior Kurdish lawmaker Fouad Masoum as president, a long-awaited step in creating a new government capable of countering a Sunni Muslim insurgency.
Posted: July 21, 2014
IRAQ. Christians in the Iraqi city of Mosul were wrong-footed by its new jihadist masters, who initially left them in relative peace but later forced them to flee for their lives.
Posted: July 17, 2014
SAUDI ARABIA. Unlike the heavily-trafficked Syria-Iraqi border, which includes some of the most important commercial routes in the Middle East, the Saudi-Iraqi frontier is no hub for international trade.
Posted: July 16, 2014
IRAQ. Washington has made clear that setting up a more inclusive government in Baghdad is a requirement for its military support.
Posted: July 12, 2014
QATAR. Global spending on energy subsidies totaled US$492 billion in 2011. Middle East and North Africa countries alone accounted for nearly half of that amount, making the burden of subsidies on public resources quite substantial.
Posted: July 12, 2014
IRAQ. The moves escalated a feud between the Shi'ite-led central government and the autonomous Kurdish region driven by a Sunni insurgency which threatens to fragment Iraq on sectarian lines.
Posted: July 7, 2014
IRAQ. Iraqi forces struggled to regain ground lost last month to jihadist-led militants and politicians remained divided despite mounting pressure to unite and agree on a new leadership.
Posted: July 7, 2014
IRAQ. One of the biggest obstacles to Kurdish secession is money, with oil revenues from areas they control insufficient to pay for the region's numerous civil servants, experts say.
Posted: July 6, 2014
IRAQ. Self-proclaimed caliph Abu Bakr al-Baghdadi made an unprecedented appearance in the Iraqi city of Mosul, which his forces helped capture last month, and ordered Muslims to obey him, according to a video posted online.
Posted: July 4, 2014
INTERNATIONAL. The surprise declaration of a "caliphate" by jihadists accused of committing atrocities in Syria and Iraq has provoked an outcry even among Islamists who dream of a state under Sharia law.
Posted: July 3, 2014
SAUDI ARABIA. Al-Arabiya said on its website that Saudi troops fanned into the border region after Iraqi government forces abandoned positions, leaving the Saudi and Syrian frontiers unprotected.
Posted: July 3, 2014
IRAQ. Baghdad's forces struggled Thursday to break a military stalemate with Sunni militants, as US officials reached out to key leaders to push for an end to political chaos in Iraq.
Posted: July 3, 2014
INTERNATIONAL. "The current disintegration of Iraq makes me reflect on the nature of Saddam Hussein's rule. Beyond the American invasion in 2003, which was the proximate cause of Iraq's current instability, there was something more fundamental, more essential to be considered."
Posted: July 2, 2014
IRAQ. After a break called to calm soaring tempers, so many Sunni and Kurdish deputies stayed away that the quorum was lost, so a speaker could not be elected, and the session ended in disarray.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 30, 2014
SAUDI ARABIA. IMF Executive Board Concludes 2014 Article IV Consultation; Saudi Arabia has supported the global economy through its stabilizing role in the global oil market.
date:Posted: July 30, 2014
INTERNATIONAL. One aspect of this war is that both sides apparently found it necessary, despite knowing it would have no definitive military outcome. The question therefore is not what the point of all this is but where all this ends.
date:Posted: July 30, 2014
INTERNATIONAL. S&P opinion "reflects the increasing need for life and health insurance products in those countries as well as some largely underdeveloped personal lines, such as property."
INTERNATIONAL. The future will be decided in a race between global advances in demand for resources, complex technology and biotech innovation, and growing sovereign debt.
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