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The Kuwaiti government has placed an order for the purchase of 300 Hellfire-II missiles, associated equipment and technical support for $49 million, says the U.S. Defense Security Agency. These missiles will serve “to deter potential attacks against strategic targets across Read more
Iraq is having talks with the Japanese company Nissan and the South Korean groups Kia Motors and Hyundai to set up factories to make various types of affordable cars in this middle-eastern country as more and more Iraqis are looking Read more
So far, this week seems to be another intense one characterized with bombings and assassinations in what many believe is linked to the upcoming celebrations of a Shia religious activity. A series of car bombings in diverse places of Iraq Read more
Russian oil company Bashneft has won a contract to explore for oil in Iraq’s southern provinces of Muthanna and Najaf. Two other big Russian oil firms, Lukoil and Gazprom, have already won exploration bids in Iraq which is looking forward Read more
Iraq is boosting oil output with the start of production in one of its major oil fields located in the southern region. It is the Halfaya field whose production is expected to reach in a first phase an average of Read more
Deaths from bombings are on rise in the country and the month of June has proven to be one of the deadliest since the departure of the American troops. Hatim al-Mansouri, the leader of a pro-government Awakening militia in Mada’in, Read more
The Iraqi government has warned that the oil deals concluded with Irak’s local or regional governments without the approval of the Federal government are null and void. The stance was reaffirmed by Deputy Premier for energy affairs, Hussein al-Shahristani, during Read more
Iraq has been rocked again by a new wave of car bombs and terror blasts killing on Wednesday at least 63 people and wounding several dozens during the Shiite annual pilgrimage processions. According to Iraqi security officials, these attacks, the Read more
In its quest to stabilize its local currency and satisfy the high demand of dollars by the traders, the Central Bank of Iraq has been channeling through the country’s biggest state banks, Rafidain and Rasheed, an amount of $6 billion Read more
Control over oil in the autonomous region of Kurdistan has been a push-and pull between the central government of Iraq and the autonomous government of the region. It has resulted to the freezing of oil exports from the region because Read more