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Iraq

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  • DUBAI, May 5- Iraq has requested financial assistance from the International Monetary Fund and agreement may be reached within weeks on a loan of about $800 million, a senior IMF official said. Aid from the IMF could ease the pressure and by increasing investor confidence, help Iraq raise money from other sources. An RFI is a facility created by the IMF to provide...

  • KANSAS CITY, Kan.— General Motors will invest $174 million in its Fairfax plant in Kansas City, Kansas, to pay for new equipment and technology to produce the 2016 Malibu, company officials announced Monday. CEO Mary Barra and GM North America and Global Chevrolet President Alan Batey were at the plant Monday to announce the investment and celebrate as the company...

  • LONDON, April 30- OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia, a Reuters survey showed, as key members stand firm in their focus on market share. The increase from the Organization of the Petroleum Exporting Countries puts output further above forecasts of demand for...

  • JABER CROSSING, Jordan— Jordan's overland trade has largely been paralyzed by recent border attacks from insurgents in neighboring Syria and Iraq— a spillover of regional turmoil threatening a close Western ally that has thus far succeeded in fending off Islamic militants. The violence has forced the closure of the only Syria- Jordan trade crossing and...

  • Air Arabia's Jordanian division to launch flights in May Wednesday, 29 Apr 2015 | 9:47 AM ET

    DUBAI, United Arab Emirates— Middle Eastern budget airline Air Arabia says it plans to launch a new division based in Jordan starting on May 18. The initial destination will be Kuwait City, followed by Jiddah, Saudi Arabia; Irbil, Iraq; and Sharm el-Sheikh, Egypt. Air Arabia is based in the United Arab Emirates city of Sharjah, near Dubai.

  • The threat of Islamic State group militants, who have swept across much of northern Iraq and are battling Kurdish forces only miles away from the Kurdish capital, Irbil, has dampened international interest. The security threat only increases oil companies' doubts, on top of falling oil prices and disputes between the Kurds and the Iraqi central government in...

  • *Iraqi Kurdish forces widen buffer around Kirkuk. SINGAPORE, April 20- Oil prices rose on Monday, extending last week's gains as a drop in the number of U.S. rigs drilling for crude pointed to lower supply later in the year, while China's latest stimulus measure also underpinned the market. Brent crude was up 70 cents at $64.15 a barrel by 0532 GMT.

  • *Iraqi Kurdish forces widen buffer around Kirkuk. SINGAPORE, April 20- Oil prices rose on Monday, extending last week's gains as a drop in the number of U.S. rigs drilling for crude pointed to lower supply later in the year, while China's latest stimulus measure also underpinned the market. Brent crude was up 72 cents at $64.17 a barrel by 0324 GMT.

  • BAGHDAD, April 18- Iraqi forces retook most of the country's largest refinery from Islamic State on Saturday, officials said, reversing gains by the militants who seized parts of the sprawling complex in northern Iraq this week. A spokesman for the U.S.-led coalition fighting Islamic State said troops had recaptured all of Baiji refinery at 11:30 GMT, but...

  • The insurgents attacked Iraq's Baiji refinery a week ago by blasting through the security perimeter around it and taking over several installions, including storage tanks. Thousands of families have fled Anbar in recent days as Islamic State militants gained on Ramadi and local officials warned the city was about to fall. Two members of the Anbar provincial...

  • WASHINGTON, April 16- Iraqi Prime Minister Haidar al-Abadi said on Thursday he had asked for more protection for the Reuters office in Baghdad after the news agency's bureau chief left the country due to threats. Abadi, who has been in Washington meeting with President Barack Obama to seek support in fighting Islamic State militants, said he was seeking more...

  • WASHINGTON, April 15- Iraq has decided to issue $5 billion in international bonds and is negotiating the terms, Iraqi Finance Minister Hoshyar Zebari said on Wednesday, one of several measures as it seeks to relieve the pressure of low oil prices on its finances. At a meeting with reporters in Washington, Zebari said Iraq was negotiating with Citigroup Inc's...

  • WASHINGTON, April 15- Iraq's oil minister said on Wednesday his country's oil exports should hit a record of about 3.1 million barrels per day in April as output from the country's southern fields stays strong and weather conditions improve. Mehdi was in Washington with Iraqi Prime Minister Haidar al-Abadi on his first visit to Washington as leader.

  • NYMEX-U.S. crude edges down on global glut concerns Sunday, 12 Apr 2015 | 8:41 PM ET

    *U.S. crude for May delivery had fallen 7 cents to $51.57 a barrel by 0026 GMT, after closing up 85 cents in the previous session to mark its fourth consecutive weekly rise. *Oil exports from Iran may not rise significantly for three to five years even if OPEC member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist and future head of...

  • LONDON, April 11- The Baghdad bureau chief for Reuters has left Iraq after he was threatened on Facebook and denounced by a Shi'ite paramilitary group's satellite news channel in reaction to a Reuters report last week that detailed lynching and looting in the city of Tikrit. The April 5 post and subsequent comments demanded he be expelled from Iraq.

  • TIKRIT, Iraq, April 3- On April 1, the city of Tikrit was liberated from the extremist group Islamic State. The incident is now under investigation, interior ministry spokesman Brigadier General Saad Maan told Reuters. Since its recapture two days ago, the Sunni city of Tikrit has been the scene of violence and looting.

  • LONDON, April 1- The former head of oil company Gulf Keystone said he was talking to several parties, including ExxonMobil, about a rescue for the firm before being forced to quit under pressure from an investor. Gulf Keystone, which has been hit hard by a fall in oil prices and delayed payments for crude by Kurdistan, said this week that Chairman Simon Murray, a former...

  • SINGAPORE, April 1- A backlog of over 30 oil tankers has built up outside the Iraqi port of Basra and shippers face lengthy delays of up to three weeks to load oil because of bad weather and possible oil quality issues, shipping industry sources said. The problems could delay or limit the number of oil export cargoes from Basra in April, potentially pushing down...

  • BAGHDAD, March 31- Iraqi troops aided by Shi'ite paramilitaries and Sunni tribal fighters have reached the center of Tikrit after securing the Sunni city's southern and western sections from Islamic State militants, Prime Minister Haidar al-Abadi said on Tuesday. "Our security forces have reached the center of Tikrit and they have liberated the southern and...

  • IRAQI PM'S SPOKESMAN SAYS SECURITY FORCES HAVE LIBERATED WESTERN AND SOUTHERN TIKRIT AND REACHED THE CENTRE OF THE CITY.