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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: September 18, 2014
INTERNATIONAL. General Martin Dempsey said that it may at some point prove necessary to send US advisors into action with the Iraqi troops battling IS, in what he called "close-combat advising".
Posted: September 17, 2014
INTERNATIONAL. In an unprecedented joint statement, Al-Qaeda in the Arabian Peninsula (AQAP) and Al-Qaeda in the Islamic Maghreb (AQIM) urged their "brothers" in Iraq and Syria to "stop killing each other and unite against the American campaign."
Posted: September 16, 2014
IRAQ. The first strike south of Baghdad in a more than month-long US air campaign hit a jihadist target in Sadr al-Yusufiyah, 25 kilometers from the capital, a security spokesman said
Posted: September 16, 2014
INTERNATIONAL. The U.S. has assembled an unlikely coalition of more than 40 nations with a shared stake in defeating IS, an effort that's counting on Iraqi troops and moderate Syrian rebels to retake and hold territory the extremists have seized.
Posted: September 15, 2014
INTERNATIONAL. In Paris, 25 countries and Iraq said they're "committed to supporting the new Iraqi government in its fight, by any means necessary, including appropriate military assistance."
Posted: September 14, 2014
INTERNATIONAL. David Cameron called the attack "a despicable and appalling murder of an innocent aid worker" and "an act of pure evil;" Barack Obama offered US support for its "ally in grief".
Posted: September 11, 2014
INTERNATIONAL. The one power that can effectively move against IS in a manner that would appear legitimate to other Muslims is Saudi Arabia; The capture of oil wells in Syria and Iraq has made the group financially self-sufficient. Now it's all or nothing.
Posted: September 11, 2014
IRAQ. It is unclear how rebuilding the country's army squares with repeated assertions by Kerry and other American officials that US troops will not return to Iraq.
Posted: September 11, 2014
INTERNATIONAL. In a widely anticipated, 13-minute White House speech, Obama said he would hunt down Islamic State militants "wherever they are" in a drive to degrade and ultimately destroy the group.
Posted: September 10, 2014
INTERNATIONAL. Barack Obama is prepared to authorize air strikes in Syria as part of a strategy to battle IS; He will lay out his strategy in a prime-time speech Wednesday evening.
Posted: September 9, 2014
EGYPT. US Secretary of State John Kerry will meet Arab foreign ministers in Saudi Arabia Wednesday as he bids for a broad coalition against the Islamic State.
Posted: September 8, 2014
EGYPT. "What is needed is a clear decision for a comprehensive confrontation, militarily and politically," Nabil al-Arabi said at a meeting of Arab foreign ministers.
Posted: September 7, 2014
INTERNATIONAL. "US military forces attacked ISIL terrorists near Haditha in Anbar province in support of Iraqi security forces and Sunni tribes protecting the Haditha dam."
Posted: September 5, 2014
INTERNATIONAL. "We need to attack them in ways that prevent them from taking over territory, to bolster the Iraqi security forces and others in the region who are prepared to take them on, without committing troops of our own."
Posted: September 3, 2014
INTERNATIONAL. The United States plans to fight Islamic State until it is no longer a force in the Middle East and will seek justice for the killing of American journalist Steven Sotloff.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 19, 2014
KUWAIT. The global Islamic finance industry reached approx. US$1.9 trillion in assets as at end 1H2014; The report analyses the role of Islamic finance in supporting economic growth.
date:Posted: September 18, 2014
INTERNATIONAL. We have entered a new chapter in the history of central banking. This paradigm shift changes the policy tools that have traditionally defined the sphere of macroeconomic decision-making; We have built an economy that is now so leveraged that it needs zero percent interest rates just to tread water.
date:Posted: September 18, 2014
INTERNATIONAL. World Bank report spells out the repercussions of the political uncertainty and restrictions on movement and access and recommends remedial actions by all parties.
SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
INTERNATIONAL. Bitcoin has followed a volatile path to growing acceptance since its creation in 2009; In this interview finance expert Arturo Bris analyses the risks associated with bitcoin.
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