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  • BAGHDAD, Dec 23- Iraq's cabinet on Tuesday approved a draft 2015 budget worth 123 trillion dinars which was made possible by better ties between Baghdad and the autonomous Kurdish region, but was constrained by plunging oil prices. By contrast, the 2015 budget is a symbol of growing goodwill between Baghdad and the Kurdish region as they both fight Islamic State...

  • Iraqi Cabinet approves next year's budget Tuesday, 23 Dec 2014 | 7:14 AM ET

    BAGHDAD— Iraq's Cabinet on Tuesday agreed on a 2015 budget of some $105 billion and sent it to parliament for final approval, a government spokesman said. Iraq was plunged into crisis last summer when the Islamic State extremist group swept across the north and west, seizing vast swaths of territory including the country's second largest city Mosul.

  • Iraq TV show makes 'terrorists' confront victims Monday, 22 Dec 2014 | 1:25 AM ET

    BAGHDAD— Haider Ali Motar was convicted of terrorism charges about a month ago for helping to carry out a string of Baghdad car bombings on behalf of the Islamic State extremist group. Now, the 21- year old is a reluctant cast member in a popular reality TV show. A cameraman pinned a microphone on Motar's bright yellow prison jumpsuit as he stood alongside a busy...

  • ABU DHABI, Dec 21- Iraq Oil Minister Adel Abdel Mahdi said on Sunday Iraq's total oil production would reach four million barrels per day after Baghdad reached an agreement on exports with Kurdish regional authorities. Mahdi made the remarks in a speech at a conference in Abu Dhabi. Iraq's government reached a temporary agreement with Kurdish regional...

  • What needs to happen next in Iraq Friday, 19 Dec 2014 | 5:27 PM ET
    Peshmerga fighters departed from the Zommar district arrive in the Sinun town of Sinjar district of Mosul, to fight against Islamic State of Iraq and Levant, in Iraq on December 19, 2014.

    The next thing that needs to happen in Iraq is liberating Mosul, says David Phillips. Here's now local leaders envsion it.

  • *Oil minister Hawrami "hopeful" on final Baghdad deal. LONDON, Dec 17- Iraq's semi-autonomous Kurdistan Regional Government will ramp up oil exports in the coming months, moving it closer to economic self-sufficiency while it works to clinch a final deal with Baghdad on crude sales and revenue sharing. KRG natural resources minister Ashti Hawrami told a...

  • SPECIAL REPORT-Inside Iraq's "killing zones" Wednesday, 17 Dec 2014 | 5:37 AM ET

    BAGHDAD, Dec 17- Shi'ite militias and Iraqi security forces, engaged in an all-or-nothing struggle with radical Sunni group Islamic State, are blasting the Sunni farmlands that encircle Baghdad with heavy weapons. "In these parts, there are no civilians," said Lieutenant Colonel Haider Mohammed Hatem, deputy commander of the armed forces around Abu Ghraib, just...

  • Iraq's Kurdistan says to deepen ties with Iran Wednesday, 17 Dec 2014 | 5:11 AM ET

    LONDON, Dec 17- Iraqi Kurdistan plans to strengthen its relationship with Iran, the prime minister of the semi-autonomous region said on Wednesday in an acknowledgement of the deepening ties between Arbil and Tehran. Prime Minister Nechirvan Barzani said in a statement a new oil deal between Arbil and Baghdad would not impact the Kurdistan Regional...

  • DUBAI/ LONDON, Dec 15- Dana Gas, one of the largest investors in Iraq's Kurdistan, said on Monday the semi-autonomous region had failed to pay $100 million as instructed by a London arbitration court, prompting Dana to ask the court to enforce the order. The case is part of much bigger "multi-billion dollar" claims that the Pearl consortium, led by Dana, brought against...

  • Cramer Remix: How you'll know when oil's bottomed Friday, 12 Dec 2014 | 7:15 PM ET
    Jim Cramer on Mad Money.

    "Mad Money" host Jim Cramer is looking for some specific signals to spot the end of the slide.

  • Cramer's guide to ending oil's hemorrhage Friday, 12 Dec 2014 | 6:42 PM ET
    Workers use machinery to move drill sections on the drilling floor of the oil derrick in the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia.

    What the heck is going on with oil? Jim Cramer can't take the slow death of oil anymore. He shares his guide to navigating this nasty commodity.

  • *Iraq faces budget deficit of $30 billion- minister. BAGHDAD, Dec 12- Iraq is seeking to postpone a final $4.6 billion instalment of reparations for its 1990-91 occupation of Kuwait, Finance Minister Hoshiyar Zebari told Reuters, as it faces a cash crisis caused by falling oil prices and war with Islamic State. Since Iraq was first allowed to resume oil sales nearly...

  • WASHINGTON, Dec 12- A landmark U.S. Supreme Court decision in 2013 that made it all but impossible to sue foreign companies in U.S. courts for alleged roles in overseas human rights abuses is proving to be a boon for U.S. firms too, court documents show. Royal Dutch Petroleum Co, U.S. companies such as Chiquita Brands International Inc, IBM Corp and Ford Motor Co have...

  • Cramer Remix: With oil going down, sell this asap Wednesday, 10 Dec 2014 | 7:01 PM ET

    It’s a popular yield play, but the tables have turned due to low oil prices."Mad Money" host Jim Cramer thinks it needs to be sold immediately.

  • Cramer: Joy of consumers vs pain of producers Wednesday, 10 Dec 2014 | 6:12 PM ET
    A customer refuels his vehicle at a U-gas station in Miami, Dec. 8, 2014.

    Jim Cramer saw that though there was plenty of good news on Wednesday, the agony of the oil producers overshadowed it.

  • *Saudi Arabia slashes January oil prices for Asia, U.S. *Iraq exports boost to pressure 2015 oil market. NEW YORK, Dec 5- Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood a day after Saudi Arabia cut official selling prices.

  • *Saudi Arabia slashes January oil prices for Asia, U.S. LONDON, Dec 5- Brent crude slipped below $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia added to recent pressure. "It's been weighing on the market, showing that OPEC is not ready to end its price war," said...

  • *Saudi Arabia slashes January oil prices for Asia, U.S. LONDON, Dec 5- Brent crude slipped below $68 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia added to recent pressure. "It's been weighing on the market, showing that OPEC is not ready to end its price war," said...

  • *Saudi Arabia slashes January oil prices for Asia, U.S. LONDON, Dec 5- Brent crude slipped towards $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia helped hold oil near five-year lows. "It's been weighing on the market, showing that OPEC is not ready to end its price war,"...

  • *Saudi Arabia slashes January oil prices for Asia, U.S. LONDON, Dec 5- Brent crude slipped towards $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia helped hold oil near five-year lows. "It's been weighing on the market, showing that OPEC is not ready to end its price war,"...