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Iraq

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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: April 16, 2015
INTERNATIONAL. Up 800,000 b/d from February to highest level since November 2012; Saudi Arabia boosted production by 280,000 b/d to 10 million b/d.
Posted: April 15, 2015
INTERNATIONAL. The current balancing act in the Middle East represents a fundamental rebalancing of American strategy. It is still clumsy and poorly thought out, but it is happening. And for the rest of the world, the idea that the Americans are coming will become more and more rare.
Posted: April 11, 2015
INTERNATIONAL. With the huge reduction in its revenues and growing discomfort among its members such as Venezuela, Libya and Nigeria over its current production levels, is OPEC really getting weaker?
Posted: April 3, 2015
UAE. Among the top investors for 2014, were Iraqis (AED 2.50 million per transaction), Jordanians (AED 2.40 million) and Egyptians (AED 2.02 million), according to The H Holding Enterprise.
Posted: April 1, 2015
IRAQ. "Our security forces have reached the centre of Tikrit and they have liberated the southern and western sides and they are moving toward the control of the whole city," Haidar al-Abadi said.
Posted: March 31, 2015
INTERNATIONAL. Washington is moving away from the strategy it has followed since the early 2000s - of being the prime military force in regional conflicts - and is shifting the primary burden of fighting to regional powers while playing a secondary role.
Posted: March 3, 2015
INTERNATIONAL. "We've got to be very careful and we need to resist trying to put a timeline on it," said John Allen, the retired U.S. general appointed to coordinate the coalition against ISIS.
Posted: February 19, 2015
IRAQ. According to a newly completed KRG - World Bank report, economic growth contracted 5% in the Kurdistan Region of Iraq (KRI), and poverty rate more than double increasing from 3.5% to 8.1%.
Posted: February 5, 2015
JORDAN. "We are waging this war to protect our faith, our values and human principles and our war for their sake will be relentless and will hit them in their own ground."
Posted: December 30, 2014
INTERNATIONAL. The question is how far the collapse of the post-World War I system will go. Will this process of disintegration spread to other heirs of Sykes and Picot? This question is more important than the emergence of the Islamic State.
Posted: December 19, 2014
IRAQ. US officials said among those killed was Abu Muslim al-Turkmani, who was Baghdadi's deputy in charge of Iraq and would be the most senior IS leader to fall this year.
Posted: December 12, 2014
INTERNATIONAL. "Iran and the United States have denied cooperation at any level, but the fact is that we know Iran is taking military action in Iraq, and so is the United States."
Posted: December 2, 2014
LEBANON. The Lebanese army detained a wife and daughter of Islamic State leader Abu Bakr al-Baghdadi as they crossed from Syria nine days ago, security officials said.
Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
Posted: November 24, 2014
INTERNATIONAL. An underlying growth in global supply capacity, which is significantly outstripping demand, may mean that the world has now passed the peak price for oil, a new report commissioned by Gaffney, Cline and Associates (GCA) suggests.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 28, 2015
INTERNATIONAL. Suspected anchors on the gold price, such as an interest rate increase and devaluation of the yuan, could actually be a rallying cry for commodities, he says in this interview with The Gold Report.
date:Posted: August 28, 2015
INTERNATIONAL. The Turkish Football Federation in a demonstration of the inseparable ties between sports and politics, has effectively declared its support for renewed Turkish-Kurdish hostilities.
date:Posted: August 28, 2015
INTERNATIONAL. "Now, that multi-trillion-dollar money-pumping bubble, which overinflated equity markets, is quickly deflating. And so, too, are the economies and commodities pumped up with it."
INTERNATIONAL. Leaving them to their own devices is no longer a viable option as the continuation of the conflict is hazardous and potentially explosive. The resumption of bilateral peace negotiations with US mediation alone will not succeed any more than the Obama administration's two previous efforts.
INTERNATIONAL. Suspected anchors on the gold price, such as an interest rate increase and devaluation of the yuan, could actually be a rallying cry for commodities, he says in this interview with The Gold Report.
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