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Business Iraq

  • Men work for Iraqi Drilling Company at Rumaila oilfield in Basra, Iraq,

    OPEC's oil production jumped in May despite the exporter group agreeing last month to extend its six-month deal to cap output into 2018.

  • The Philippine National Police hang flags in war-torn Marawi City in preparation for the celebration of Independence Day on June 12.

    Southeast Asia had been bracing for the time when Islamic State would look to establish a 'caliphate' and become a terrifying threat to the region.

  • Foreign leaders expressed growing concern over the dispute, which pits Qatar against Saudi Arabia, the United Arab Emirates, Bahrain and Egypt. President Donald Trump, they accuse Qatar of supporting their regional arch-rival Iran as well as Islamist militants. "Qatar is accused of having a hidden relationship with Iran, but its relations with Iran are clear,...

  • Foreign leaders expressed growing concern over the dispute, which pits Qatar against Saudi Arabia, the United Arab Emirates, Bahrain and Egypt. President Donald Trump, they accuse Qatar of supporting their regional arch-rival Iran as well as Islamist militants. "Qatar is accused of having a hidden relationship with Iran, but its relations with Iran are clear,...

  • *Assault overlaps with final stages of Mosul campaign. HUKOUMIYA, Syria/ BEIRUT, June 6- The U.S.-backed Syrian Democratic Forces said on Tuesday it had launched an operation to capture Raqqa, Islamic State's de facto Syrian capital, piling pressure on the jihadists whose self-declared caliphate is in retreat across Syria and Iraq. The assault overlaps with the...

  • *Assault overlaps with final stages of Mosul campaign. *U.S. support for Kurdish militia fuels tension with Turkey. HUKOUMIYA, Syria/ BEIRUT, June 6- The U.S.-backed Syrian Democratic Forces said on Tuesday it had launched a battle to capture Raqqa, Islamic State's de facto Syrian capital, piling pressure on the jihadists whose self-declared caliphate is in...

  • *Assault overlaps with final stages of Mosul campaign. *U.S. support for Kurdish militia fuels tension with Turkey. HUKOUMIYA, Syria/ BEIRUT, June 6- The U.S.-backed Syrian Democratic Forces said on Tuesday it had launched a battle to capture Raqqa, Islamic State's de facto Syrian capital, piling pressure on the jihadists whose self-declared caliphate is in...

  • "Its hard to convince new recruits that ISIS is a winning cause when they just lost their twin' capitals' in both Iraq and Syria," a coalition statement cited Lt. "ISIS threatens all of our nations, not just Iraq and Syria, but in our own homelands as well. "Once ISIS is defeated in both Mosul and, there will still be a lot of hard fighting ahead, but this coalition is strong and...

  • U.S.-LED COALITION COMMANDER SAYS "A LOT OF HARD FIGHTING AHEAD" ONCE ISLAMIC STATE DEFEATED IN MOSUL AND RAQQA- STATEMENT.

  • HUKOUMIYA, Syria/ BEIRUT, June 6- The U.S.-backed Syrian Democratic Forces said on Tuesday it had begun a battle to capture Raqqa, Islamic State's de facto capital in Syria, launching attacks from the east, west and north of the city. In a phone interview with Reuters from Syria, SDF spokesman Talal Silo said the operation started on Monday and the fighting would be "...

  • Members of the Shiite Mehdi army militia carry Lebanese Hezbollah flags as they rally in Baghdad's neighborhood of Sadr City in 2006.

    Doha reportedly paid an al-Qaeda affiliate and Iran officials to win release of royal hunting party, Financial Times reports.

  • LONDON, June 5- Genel Energy co-founder Nathaniel Rothschild quit on Monday in the latest high-profile departure at the loss-making Iraqi Kurdistan oil producer, which will now be dominated by Turkish owners and focused on Turkey's gas market. The two co-founders bought and listed Genel on the London Stock Exchange during a global commodity boom in 2011,...

  • The two co-founders bought and listed Genel on the London Stock Exchange during a global commodity boom in 2011, with plans to make it a major oil explorer in Kurdistan and Africa. But its shares now trade near an all-time low and Genel is valued at around a tenth of its peak, at 275 million pounds, pummeled by two reserve downgrades of its main Taq Taq oil field in...

  • A picture taken on June 5, 2017 shows a Saudi woman and a boy walking past the Qatar Airways branch in the Saudi capital Riyadh, after it had suspended all flights to Saudi Arabia following a severing of relations between major gulf states and gas-rich Qatar.

    Saudi Arabia broke diplomatic relations and all land sea and air contacts with fellow Gulf Arab state Qatar on Monday, citing terrorism.

  • *Kurdistan eyes oil production of 1 mln bpd. ST PETERSBURG, Russia, June 2- Russian oil major Rosneft agreed on Friday to explore and develop five fields in Iraq's Kurdistan as the company seeks to become a key player in one of the world's newest and fastest-growing oil provinces. Igor Sechin, Rosneft chief executive and a close ally of Russian President Vladimir...

  • Emaar Properties, Emaar Malls support Dubai. DUBAI, June 1- Abu Dhabi's Dana Gas was buoyed for a second day on Thursday by hopes for payments from the Kurdistan Regional Government, while blue chips rose in most other Middle Eastern markets and Egypt's index closed at a record high. Dana jumped 7.3 percent, following Wednesday's 5.1 percent jump, after news that...

  • *Abu Dhabi's Dana jumps on hopes for Kurdistan legal action. *But most Abu Dhabi blue chips sag. DUBAI, May 31- A sharp drop in property developer Ezdan Holding rippled across Qatar's stock market on Wednesday while profit-taking in blue chips dragged Abu Dhabi lower, although Dana Gas jumped on hopes for payments from the Kurdistan Regional Government.

  • May 28- A tender to develop Iran's Azadegan oil field will be held before next Friday, National Iranian Oil Company Managing Director Ali Kardor told state-run Press TV on Sunday. The Azadegan field is located in southwest Iran near the border with Iraq. It has 37 billion barrels of oil, Petroleum Engineering and Development Company Managing Director Seyed...

  • Iraqis inspect the damage in the Mosul al-Jadida area on March 26, 2017, following air strikes in which civilians have been reportedly killed during an ongoing offensive against the Islamic State (IS) group.

    The Pentagon completed its probe of a US airstrike in Mosul, concluding ISIS booby trapped the building where more than 100 civilians died.

  • Jabbar al-Luaibi, Iraq's oil minister, arrives for the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Wednesday, Nov. 30, 2016.

    Iraq's Jabbar al-Luaibi and Iran's Bijan Zanganeh expressed support for a nine-month extension to OPEC-led production cuts.