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Business Iraq

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  • These are the original chronicles of Iraq's rich and tumultuous history— and now librarians and academics in Baghdad are working feverishly to preserve what's left after thousands of documents were lost or damaged at the height of the U.S.-led invasion. As Islamic State militants set out to destroy Iraq's history and culture, including irreplaceable books...

  • BAGHDAD, Aug 3- Iraq's Kurdistan Regional Government said on Monday it would pay a portion of its revenue from direct crude oil sales to producers, in an apparent attempt to reassure foreign oil companies operating in the northern region. The move sets up semi-autonomous Kurdistan to continue independent oil sales, which it has increased since mid-June while...

  • *OPEC output up more than 1.7 mln bpd since policy shift. LONDON, July 31- OPEC oil output reached the highest monthly level in recent history in July, a Reuters survey found on Friday, as Saudi Arabia and other key members show no sign of wavering in their focus on defending market share instead of prices. OPEC supply has risen in July to 32.01 million barrels per day...

  • UPDATE 1-Kuwait's Zain Q2 net profit falls 33 pct Wednesday, 29 Jul 2015 | 8:44 AM ET

    DUBAI, July 29- Zain, Kuwait's biggest telecom operator by subscribers, reported a 33 percent fall in second-quarter profit on Wednesday, extending a sustained earnings slump as difficulties in Iraq and a strong dollar hurt earnings. The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit of 39.2 million dinars in...

  • Tough times strike Saudi Arabia’s millionaires Monday, 27 Jul 2015 | 10:35 AM ET

    Turmoil in the Middle East, an unimpressive international stock market debut and tumbling oil prices will hit the wealth of Saudi Arabia's richest in years to come, according to a new report from WealthInsight.

  • Here's the next stop now that US oil cracked $50 Wednesday, 22 Jul 2015 | 3:23 PM ET
    A worker prepares to lift drills by pulley to the main floor of Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas.

    U.S. oil futures closed below the psychologically important $50 level—possibly signaling more declines to come and a retest of the March lows.

  • CNBC update: Robot hotel Thursday, 16 Jul 2015 | 10:30 AM ET
    CNBC update: Robot hotel

    United Continental gives free miles to hackers; Iraq looks to take back Anbar Province; and a new hotel in Japan is staffed with robots.

  • Pres. Obama: When I turn over the keys... Wednesday, 15 Jul 2015 | 2:00 PM ET
    Pres. Obama: When I turn over the keys...

    President Barack Obama comments on the role of the U.S. in solving problems in the Middle East.

  • *Brazil, Iraq seen as top global oil supply contributors. LONDON, June 30- Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the U.S. shale industry. Brazil and Iraq had been expected to add over 2...

  • *Iraq exports hit record despite Baghdad, KRG tension. LONDON, June 30- OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share. OPEC supply has risen in June to 31.60 million bpd from a revised 31.30 million bpd in...

  • Kurdistan ramps up independent oil sales Monday, 29 Jun 2015 | 9:43 AM ET

    ANKARA/ ARBIL, June 29- Iraq's semi-autonomous Kurdistan region has ramped up independent oil sales since mid-June while cutting allocations to Iraq's state oil firm SOMO in an escalating dispute over export rights and budget payments. June became the first month of large independent sales since December last year, when Kurdistan agreed a deal with Baghdad...

  • LONDON, June 26- Bond sales from emerging markets in the first half of 2015 are running more than a fifth below year-ago levels due to the continued slump in issuance from Russia, Brazil and oil producers across the developing world. Governments and companies from the developing world had sold hard currency bonds worth $195 billion as of June 19, Thomson Reuters...

  • Cramer Remix: Most artificial move I’ve seen Tuesday, 23 Jun 2015 | 7:57 PM ET
    Jim Cramer on the set of Mad Money

    “Mad Money” host Jim Cramer thinks you need to temper your excitement.

  • Cramer—Undervalued oil stocks begging to be bought Tuesday, 23 Jun 2015 | 6:57 PM ET
    Oil fracking California

    Jim Cramer sees plenty of oil stocks out there that are ridiculously low and thinks it is time to do some buying.

  • Donald Trump makes presidential candidacy official Tuesday, 16 Jun 2015 | 11:16 AM ET
    Donald Trump presidential candidacy official

    Donald Trump makes statements in New York City declaring candidacy for president.

  • We as a country are getting weaker: Donald Trump Tuesday, 16 Jun 2015 | 11:10 AM ET
    We as a country are getting weaker: Donald Trump

    Donald Trump makes a political announcement in New York City at the Trump Tower.

  • LAUNCESTON, Australia, June 15- Almost unnoticed, India is starting to exercise increasing influence on crude oil markets in Asia. Two recent events underscored the importance that India is assuming in Asian crude oil markets: the visit by a senior official of Saudi Arabia's state oil giant and talks between Indian refiners and Iraq over filling strategic...

  • June 14- A more reliable terrestrial broadband network could enable Iraq to become a transcontinental transit route for Internet traffic, a senior executive at one of two firms providing submarine connectivity to the war-torn country told Reuters. Iraq is ideally located to carry Internet traffic between Asia and Europe and built a submarine cable landing...

  • You can have Iraq or ISIS, not both: Tom Friedman Friday, 12 Jun 2015 | 8:04 AM ET
    You can have Iraq or ISIS, not both: Tom Friedman

    Thomas Friedman, New York Times columnist, shares perspective on the war against terrorism in the Middle East.

  • US considers more military bases in Iraq Friday, 12 Jun 2015 | 4:45 AM ET
    US considers more military bases in Iraq

    The U.S. has said it may build further military bases in Iraq, to combat Islamic State militants.