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Business Iraq


  • *Iraq to export near record volumes of Basra crude. *China's economy expected to weaken further. Benchmark North Sea Brent crude oil was up 60 cents at $50.26 a barrel by 0855 GMT.

  • RPT-Prospects dwindle for Kurdistan Eurobond debut Tuesday, 11 Aug 2015 | 3:22 AM ET

    LONDON, Aug 10- Plans for Iraq's semi-autonomous region of Kurdistan to tap international markets have been all but wiped out by falling oil prices, rising geopolitical tensions and a difficult backdrop for emerging economies, according to fund managers. Kurdistan is wedged between Syria, Iran and Turkey, which has launched air strikes against camps of the...

  • Veterans do better in job market than you think Friday, 7 Aug 2015 | 10:42 AM ET
    US Marines military

    For those enlisted servicemen and servicewomen who muster out, job prospects have improved as the overall recovery continues to put more Americans to work.

  • In the oil market, $30 is the new $50 Tuesday, 4 Aug 2015 | 4:00 PM ET

    Analysts say oil market fundamentals are very bearish, and it would not be surprising to see crude take a temporary dive into the $30s per barrel in the next several months.

  • Oil craters, set to retest lows Monday, 3 Aug 2015 | 4:55 PM ET
    An oil well owned an operated by Apache Corporation in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    Oil prices have now broken below many Wall Street targets and look set to test the year's lows and beyond, before finding a bottom.

  • 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...

  • Turkish President Recep Tayyip Erdogan

    Turkey's bombing campaign in Syria and Iraq has diverted attention from "exploratory talks" for a new governing coalition. However, Turkey's president is almost certainly seeking to reassert himself as Turkey's de facto executive.

  • *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.