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: 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.
Posted: November 24, 2014
IRAQ. There was no independent confirmation that the army, Shi'ite militia and Kurdish peshmerga forces had completely retaken Jalawla and Saadiya, about 115 km northeast of Baghdad.
Posted: November 18, 2014
IRAQ. If confirmed, the recovery of the facility could provide critical momentum for government forces charged with restoring stability in a country facing a security crisis.
Posted: November 14, 2014
INTERNATIONAL. The speech, purported to be in Abu Bakr al-Baghdadi's name, followed contradictory accounts out of Iraq after U.S. air strikes last Friday about whether he was wounded in a raid.
Posted: November 13, 2014
UAE. With a population of over 33 million, Iraq has 19 civilian airports and seven military air transport facilities, serving around 30 airlines, including its national carrier Iraqi Airways.
Posted: October 28, 2014
UAE. PwC commissioned a survey of more than 500 retail banking customers in the GCC, to find out what customers really want.
date:Posted: July 4, 2015
INTERNATIONAL. Saxo Bank publishes its Q3 Outlook, warns of a false start to the Fed's rate hike cycle; a return to US$100+ oil is not expected for the foreseeable future and this should help the region to focus on attracting and building other sources of revenue.
date:Posted: July 1, 2015
UAE. 53% of employers rank lack of work experience as affecting nationals' employability, with only 30% of GCC students having taken any work experience; According to employers, communication skills (36%) and required skills and qualifications (22%) are further challenges to retention in the private sector.