February 26, 2018 | English | عربي
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February 22, 2018

Iraqi Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] is to visit Turkey this week to discuss expanding cooperation in the oil and energy sector.

Among the topics for discussion will be the possible restarting of oil exports via the Turkish port of Ceyhan (pictured), and the export the Iraqi oil “by SOMO company exclusively”.

He will also invite Turkish companies"...

Iraq needs S-400 air defense systems to defend against...
February 25, 2018

Iraq seeks to acquire S-400 Triumph anti-aircraft weapon systems to defend its territory from air strikes, Iraqi MP Hakim Al-Zamili, head of the Iraqi parliament’s security and defense committee, told Al-Ghad Press daily on Saturday.

'Iraq has the right to own cutting-edge weapons to defend its territory and air space from"...


February 25, 2018

Iraq continued to rate poorly in its human rights and anti-corruption records, reports from Amnesty International and Transparency International showed. Predictably, the Islamic State (ISIS) proved to be the worst offender.

“[ISIS] fighters forcibly displaced thousands of civilians into active conflict, used them as human shields on a mass scale, deliberately killed civilians fleeing the fighting, and recruited and deployed child soldiers,”"...

February 25, 2018

The Islamic State (IS) jihadists overnight on Saturday carried out an attack on Khabaza oilfield in Kirkuk province, a security source said.

At least two guards of the facility were killed and another was wounded, the source confirmed, noting that the casualties are all Kurdish nationals.

In the past few days, the IS sleeper cells have stepped up the attacks on the Iraqi forces"...

February 25, 2018

The Iraqi government has not made any amendments to the previous 2018 federal budget bill even though it was vehemently opposed by the Kurds for the slashed share, said an official from Baghdad.

The federal government of Iraq has sent the draft law since two weeks ago to the Iraqi parliament. However, the Kurds have prevented passing the bill due to the fact that Baghdad has downsized Erbil’s share from 17% to 12.67%.


February 25, 2018

The U.S. dollar to Iraqi dinar (IQD) exchange rate was down in the Kurdistan Region’s currency markets on Saturday (February 24).

Broker Dana Mawlud told NRT that $100 was selling at 122,750 Iraqi dinars, 250 IQD lower than the previous day.

Mawlud also reported that 100 British pounds was at 168,000 and 100 euros was at 149,000.



February 25, 2018

Crude oil prices were slightly up on Saturday (February 24), compared to the previous close.

The price of Brent oil was at $67.33, up from $66.39 a barrel and U.S. WTI crude was at $63.58, from $62.77.

The Organization of the Petroleum Exporting Countries (OPEC) decided to extend cuts in oil output by nine months to March 2018. The producer group is coping with a global glut"...