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: December 2, 2016
INTERNATIONAL. But implementation risks remain, including OPEC's adherence to the agreement and the willingness of other participants, notably Russia, to co-operate fully.
Posted: November 30, 2016
IRAQ. MoU to support the financing of high priority contracts between GE and the Iraqi government, through partnering with TBI as a key stakeholder to accelerate the implementation.
Posted: November 24, 2016
INTERNATIONAL. This is part two of a recent conversation I had with students, faculty, and alumni at New York University, where I had the opportunity to answer some questions concerning the turmoil in the Middle East and America's role in the world.
Posted: November 23, 2016
INTERNATIONAL. Iraqi forces and civilians in Mosul at risk from chlorine and mustard agents, but also radiological "dirty bomb".
Posted: October 23, 2016
INTERNATIONAL. As the operation to retake Mosul from ISIL continues, civilians are fleeing from the city by the hundreds, further stressing the already tenuous humanitarian situation in northern Iraq.
Posted: October 17, 2016
UAE. Cisco multi-layer optical solution selected for first 100G+ terrestrial optical network
linking Middle East with Europe.
Posted: September 7, 2016
UAE. Six pavilions exhibit the work of the region's most exciting curators, designers and studios; This year's theme invited designers to produce work inspired by "The Human Senses".
Posted: August 10, 2016
INTERNATIONAL. 54% of the working age population in MENA is unemployed with little prospect of any positive immediate change; A shift in focus towards giving young people employability skills is required.
Posted: July 11, 2016
INTERNATIONAL. Governance project failing so group is re-prioritizing insurgency; New IHS Conflict Monitor map shows areas under control and territory lost in past 18 months.
Posted: June 2, 2016
INTERNATIONAL. Shifting power relationships in the Middle East are reordering regional geopolitics, entrenching a stalemate of conflict that threatens to further destabilize the region.
Posted: May 3, 2016
INTERNATIONAL. Highest quarterly attack total since group took Mosul in June 2014; Al-Qaeda affiliates take a back seat five years after Bin Laden, but are still a significant threat.
Posted: February 27, 2016
IRAQ. Iraq's economy is weakening, however S&P thinks the unfunded IMF Staff-Monitored Program recently approved will help pave the way to a possible IMF financing arrangement in 2016.
Posted: January 29, 2016
IRAQ. The value of the contracts signed totals more than US$1 billion; Technology upgrades, advanced solutions and maintenance to generate added power from MoE's fleet of GE's heavy duty gas turbines across the country.
Posted: January 19, 2016
UAE. Nine of the 13 MENA sovereigns are investment grade; Egypt, Iraq, Jordan, and Lebanon are speculative grade; Oman and Saudi Arabia ratings lowered on the sharp deterioration in their fiscal deficits; GCC members to maintain their exchange rate pegs to the US dollar over the medium term.
Posted: January 5, 2016
INTERNATIONAL. The U.S.-Russia standoff, surging nationalism in Europe, Turkey's re-emergence, low oil prices, falling Chinese consumption, military campaigns against the Islamic State and other geopolitical currents will tie in to and feed off of one another.
date:Posted: December 7, 2016
INTERNATIONAL. Will this be the year when China exceeds growth expectations, Brexit turns into Bremain, the Mexican peso soars and Italian banks turn out to the best performing equity asset class?
date:Posted: December 6, 2016
UAE. Knowledge Summit 2016: "Over 2 billion jobs will disappear by 2030 and that is the hidden results of our rapid technology growth. But, if we understand all these hidden consequences we can create jobs at a much higher rate".