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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: 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."
Posted: August 8, 2014
INTERNATIONAL. President Barack Obama said he had authorized U.S. air strikes to blunt the onslaught of Islamist militants in northern Iraq and began airdrops of supplies to besieged religious minorities to prevent a "potential act of genocide."
Posted: August 7, 2014
INTERNATIONAL. Laurent Fabius called Thursday for an urgent meeting of the UN Security Council after Islamist militants seized Iraq's largest Christian town, forcing tens of thousands to flee.
Posted: August 7, 2014
IRAQ. Militants from the Islamic State captured the country's largest dam, whose destruction could flood the city of Mosul, according to an employee on site and local officials.
Posted: August 7, 2014
IRAQ. ISIS militants moved in overnight after the withdrawal of Kurdish peshmerga troops, who are stretched thin across several fronts in Iraq.
Posted: August 6, 2014
IRAQ. Towns shelled in the past few days by Islamic State militants include Tal Kayf, Bartella and Qaraqosh. Some of them are less than 50 km away from Arbil, the capital of the autonomous region of Kurdistan.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 1, 2014
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
date:Posted: September 1, 2014
INTERNATIONAL. Oil markets since 2011 have become less price sensitive to actual supply disruptions, especially to those geopolitical events that have taken place since the Arab Spring.
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
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.
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