Monday 25 July 2016
 
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Iraq

Iraq undercuts Saudi Arabia to grab top spot in India oil market

Iraq overtook Saudi Arabia for the first time to become India's top oil supplier in the June quarter, helped by sales of discounted heavy crude that refiners have also been using to make bitumen to build roads in the world's No 3 oil c

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Drake & Scull inks Eni Iraq project contract

Drake & Scull International, a regional market leader in the general contracting and mechanical, electrical and plumbing (MEP) sector, said it has won a Dh226 million ($62 million) engineering, procurement and construction (EPC) contract fro

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Drake & Scull inks Eni Iraq project contract

Drake & Scull International, a regional market leader in the general contracting and mechanical, electrical and plumbing (MEP) sector, said it has won a Dh226 million ($62 million) engineering, procurement and construction (EPC) contract fro

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Iraq to cut 2016 spending, take on billions in foreign debt

Iraq, pressured by lower-than-expected oil prices, will cut non-oil spending in its 2016 budget by 15 percent and take on several billion dollars in international debt, it said in a memo which the International Monetary Fund released on Thursday

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‘IS lost quarter of its territory in 18 months’

Islamic State lost an area the size of Ireland - a quarter of its territory - to hostile forces in the last 18 months in Iraq and Syria and is likely to further step up attacks on civilians in coming months, IHS said in a report on Sunday.

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IMF approves $5.3bn standby arrangement for Iraq

The International Monetary Fund said its executive board approved a new three-year, $5.34 billion standby arrangement for Iraq to support Baghdad's efforts to deal with lower oil prices and ensure debt sustainability. The IMF

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Baghdad bombing death toll rises to 281: Health minister

The death toll from a massive suicide bombing in Baghdad over the weekend has reached 281, Iraq's Health Ministry said in a statement on Thursday. The attack, claimed by the militant group Islamic State, which the government i

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Iraq's interior minister quits over Baghdad bombing

Iraq's interior minister resigned on Tuesday and said a deputy would take over his responsibilities, a few days after the deadliest of many car bombings in Baghdad since the 2003 U.S.-led invasion. Mohammed Ghabban made the an

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Nearly 120 killed in overnight Baghdad bombings

Nearly 120 people were killed and 200 wounded in two bombings overnight in Baghdad, most of them in a busy shopping area as residents celebrated Ramadan, police and medical sources said on Sunday. The attack on the shopping area o

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Iraq June oil exports fall as domestic usage rises

Iraq's oil exports from the southern ports fell in June as domestic consumption rose due to demand for summer cooling, an official at the state-run South Oil Company said on Friday. Loadings from Iraq's southern oil termin

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