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Iraq

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  • Investing in Jordan is 'safe': King Abdullah II   Tuesday, 19 May 2015 | 7:00 PM ET
    Investing in Jordan is 'safe': King Abdullah II

    Investing in Jordan is "safe" and the environment is "stable" despite the events happening in neighbouring countries, King Abdullah II of Jordan tells CNBC.

  • *Goldman Sachs sees US crude falling back to 2015 lows. NEW YORK, May 19- Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day as the dollar rallied and on evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed. "There is certainly a degree of profit-taking going on...

  • *Goldman Sachs sees U.S. crude falling back to 2015 lows. NEW YORK, May 19- Oil prices fell 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed. The American Petroleum Institute report is due at 4:30 p.m. EDT,...

  • DUBAI, May 19- The owners of Zain Iraq, the country's biggest mobile phone operator by subscribers, aim to sell 25 percent of the company's shares after it joins Baghdad's bourse, parent firm Zain said on Tuesday. Iraq's three mobile firms were required to float a quarter of their shares and join the Iraq Stock Exchange by August 2011 as part of their 15- year...

  • UPDATE 4-Oil prices slip on dollar rally, ample supply Tuesday, 19 May 2015 | 4:42 AM ET

    LONDON, May 19- Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen. "The oil market is generally oversupplied with high Saudi exports and OPEC is unlikely to cut production," said Tamas Varga, oil analyst at London brokerage PVM Oil...

  • *Front month U.S. crude was up 8 cents at $59.51 a barrel at 0018 GMT, after finishing down 26 cents in the previous session. *Global crude oil prices are not expected to fall in the second half of 2015, Kuwait's OPEC governor said on Monday, and any surplus supply was due to shale producers rather than OPEC. *Crude output by OPEC member Algeria will rise by at least 32,000...

  • *Baghdad delays oil contract negotiations as prices rally. DUBAI, May 18- BP has cut its development budget for Iraq's giant Rumaila oilfield by $1 billion this year after the government warned a slump in crude prices and its battle against Islamic State was making it difficult to pay oil companies. The British oil major has agreed with Baghdad to reduce its 2015...

  • *Worries over Greece hit Greek shares, bonds. *Oil rises on fighting in Yemen, Iraq. LONDON, May 18- European shares fell on Monday, weighed down by worries over a looming cash crunch in Greece, while the dollar rebounded after concern over the U.S. economy drove the currency to four-month lows on Friday.

  • *Goldman Sachs slashes 2016-202 price outlook. LONDON, May 18- Oil prices firmed on Monday after a major advance by Islamic State militants in Iraq. Goldman Sachs lowed their Brent crude price assumption from 2016 to 2019 from $70 a barrel to $62- $65 a barrel and for 2020 from $70 a barrel to $55 a barrel.

  • Key ISIS figure killed in US raid   Monday, 18 May 2015 | 6:16 AM ET
    Key ISIS figure killed in US raid

    Edward Lawrence, NBC News, reports a U.S.-led coalition launched a successful raid on top ISIS leadership in Syria and killed the terrorist group's key money man.

  • *Iran says OPEC output cut unlikely. LONDON, May 18- Oil prices rose on Monday after Islamic State militants said they had seized control of the key city of Ramadi in western Iraq, raising fears of deeper turmoil in the oil-producing country. Analysts nevertheless said oil markets remained oversupplied, and that the glut could worsen if U.S. production picked up...

  • Iraq's Ramadi falls to ISIS   Monday, 18 May 2015 | 4:20 AM ET
    Iraq's Ramadi falls to ISIS

    ISIS has seized the city of Ramadi in Iraq. CNBC's Hadley Gamble discusses the latest developments, saying this is a "major blow" for the government and its security forces.

  • *Prices up despite Iran saying OPEC output cuts unlikely. SINGAPORE, May 18- Oil prices edged up on Monday following fighting in Iraq and Yemen, but Iranian comments that OPEC was unlikely to cut output as well as signs of strengthening U.S. production capped gains. Prices were supported by concerns that conflict in Iraq and Yemen could disrupt supplies after...

  • Iraqi city Ramadi falls to ISIS   Monday, 18 May 2015 | 1:45 AM ET
    Iraqi city Ramadi falls to ISIS

    CNBC's Hadley Gamble discusses the latest moves by ISIS, which saw the Iraqi city of Ramadi fall to the group.

  • *Prices up despite Iran saying OPEC output cuts unlikely. SINGAPORE, May 18- Oil prices rose on Monday on supply concerns in the Middle East following fighting in Iraq and Yemen, but Iranian comments that OPEC was unlikely to cut output as well as signs of strengthening U.S. production capped gains. Prices were supported by concerns that conflict in Iraq and Yemen...

  • UPDATE 1-Oil prices rise on Iraq, Yemen fighting Sunday, 17 May 2015 | 11:24 PM ET

    *Saudi-led coalition resumes air strikes in Yemen. SINGAPORE, May 18- Oil prices edged up on Monday on supply concerns in the Middle East following fighting in Iraq and Yemen, but signs of strengthening U.S. production capped gains. Price were supported by concerns that conflict in Iraq and Yemen could disrupt production or supply routes.

  • NYMEX-Oil prices rise on Iraq, Yemen fighting Sunday, 17 May 2015 | 8:26 PM ET

    SINGAPORE, May 18- Oil prices rose slightly in early Monday trading on supply concerns in the Middle East following fighting in Iraq and Yemen, although signs of strengthening U.S. production capped stronger gains. Price were supported by concerns that conflict in Iraq as well as Saudi attacks on Yemen could disrupt production or supply routes.

  • TOKYO, May 18- Asian shares struggled on Monday after soft data raised more questions about the health of the U.S. economy. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed while Japan's Nikkei share average edged up just 0.1 percent, despite stronger-than-expected orders. We estimate the U.S. economy shrank 0.9 percent, "said Shuji...

  • Iraq's Ramadi falls to ISIS, security forces flee Sunday, 17 May 2015 | 3:04 PM ET
    ISIS fighter, North American ISIS fighter, Islamic State

    Ramadi fell to ISIS on Sunday, despite intensified American airstrikes in recent weeks, a big victory for the group.

  • US forces kill ISIS leader in Syria strike Saturday, 16 May 2015 | 8:56 AM ET
    ISIS ISIL Iraq

    An ISIL senior leader known as Abu Sayyaf was killed in a U.S. military operation in Syria last night.