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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: July 1, 2014
INTERNATIONAL. "We will hold a referendum in Kurdistan and we will respect and be bound by the decision of our people and hope that others will do likewise," he told the BBC.
Posted: July 1, 2014
SAUDI ARABIA. Aid to be disbursed through the United Nations to those in need regardless of sect or ethnicity, state media reported.
Posted: July 1, 2014
INTERNATIONAL. At a time when reasonable people thought that the fighting had been contained in Iraq and elsewhere in the region, they have discovered that there was no basis for that assumption.
Posted: June 30, 2014
UAE. Energy sector hit by selling as Iraqi oil keeps on flowing; Precious metals managed to hold on to the gains from the previous week with silver reaching the highest since March, continuing to outperform gold.
Posted: June 30, 2014
INTERNATIONAL. Iraq turned to Russia to bolster its air capabilities, saying U.S. fighter jets were taking too long to be delivered; Advisers helping to put the "logistical procedures in place."
Posted: June 30, 2014
INTERNATIONAL. In an audio recording distributed online, ISIS declared its chief Abu Bakr al-Baghdadi 'the caliph'; Though the move may not have a significant impact on the ground, it is an indicator of the group's confidence.
Posted: June 28, 2014
INTERNATIONAL. Two 700-million-barrel oil fields in Nineveh and a 500-million-barrel oil field in Salah-e-Din among sites most at risk, says GlobalData analyst.
Posted: June 28, 2014
IRAQ. A senior U.S. official said "a few" armed drones were being used over Baghdad as a precaution to safeguard Americans, but they will not be used for offensive action against the militants.
Posted: June 27, 2014
INTERNATIONAL. The money would be part of Obama's US$1.5 billion plan for a Regional Stabilization Initiative that also would aid Jordan, Lebanon, Turkey and Iraq.
Posted: June 27, 2014
IRAQ. Prime Minister Nuri al-Maliki conceded that political measures are needed alongside military action to repel a Sunni insurgent offensive that is threatening to tear Iraq apart.
Posted: June 26, 2014
IRAQ. A session of parliament would be held on July 1, the first step to forming a new government that the international community hopes will be inclusive enough to undermine the insurgency.
Posted: June 26, 2014
IRAQ. British Foreign Secretary's visit to urge Iraqi political leaders to unite in the face of a "mortal threat" from Sunni militants.
Posted: June 26, 2014
INTERNATIONAL. Neither the Syrian regime nor the rebels that oppose it stand to gain a decisive advantage from the Islamic State in Iraq and the Levant's recent actions in Iraq. As things stand now, the primary beneficiary will be ISIL itself.
Posted: June 25, 2014
IRAQ. The Syrian Observatory for Human Rights monitoring group said the Al-Nusra Front, Al-Qaeda's affiliate in Syria, made a local pledge of loyalty at the Iraq-Syria border to ISIL.
Posted: June 25, 2014
IRAQ. "The call to form a national emergency government is a coup against the constitution and the political process," Maliki said in a televised address.

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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