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Articles tagged with: iraq

Headline »

[6 Aug 2015 | No Comment | ]

Defying death threats, an Iraqi television comedian is fighting the Islamic State group with biting satire aimed at lifting the aura of fear that is one of the jihadists’ strongest weapons.
Two men with fake beards walk into a bar and ask for orange juice and “halal” water, with a wink and a smile to the barman who promptly serves them two glasses of alcohol.
“This round’s on the caliph, to mark the first anniversary of the occupation of Mosul,” the waiter says before a bomb blast cuts short his reference to …

Money Matters »

[26 Feb 2012 | No Comment | ]

Japan is to offer $530 million in loans to Iraq, in part to help rebuild oil refineries, an official said Friday, as Tokyo seeks to diversify fuel supplies after the tightening of sanctions on Iran.
Loans totalling 42.5 billion yen have been pledged to Baghdad to aid the war-ravaged country with four infrastructure projects, including a refinery in the southern city of Basra and another in the northern city of Baiji, a foreign ministry spokesman said.
A hospital and telecommunications system will also benefit.
“The total value of the projects will amount to …

Headline »

[19 Dec 2011 | No Comment | ]

The last US soldiers rolled out of Iraq across the border into neighboring Kuwait at daybreak Sunday, whooping, fist bumping and hugging each other in a burst of joy and relief.
Their convoy’s exit marked the end of a bitterly divisive war that raged for nearly nine years and left Iraq shattered, with troubling questions lingering over whether the Arab nation will remain a steadfast US ally.
The mission cost nearly 4,500 American and well more than 100,000 Iraqi lives and $800 billion from the US Treasury. The question of whether it …

Business News & Advice »

[29 Nov 2011 | No Comment | ]

Iraq on Sunday signed a multibillion-dollar deal with Royal Dutch Shell PLC and Japan’s Mitsubishi Corp to tap natural gas in the south, one of the biggest agreements by the OPEC member to develop an energy sector battered by years of neglect and war.
The $17 billion deal forms a joint venture to gather, process and market gas from three oil fields in the oil-rich province of Basra. That gas, pumped in conjunction with crude oil, is currently burned off—or flared—due to lack of infrastructure.
The 25-year joint venture is called Basra …

Headline »

[24 Nov 2011 | No Comment | ]

Japan will offer Iraq loans totalling $750 million to help rebuild the oil-rich country, Prime Minister Yoshihiko Noda said Tuesday in his meeting with visiting Iraqi leader Nouri al-Maliki.
The money will go toward refurbishment of oil refineries and other infrastructure and health care projects, according to the Japanese foreign ministry.
Resource-poor Japan has eagerly sought to strengthen its ties with Iraq by offering reconstruction support. The world’s third-largest economy relies heavily on the Middle East for its oil needs.
Tokyo has also promoted Japan’s infrastructure technology, particularly in emerging economies.
Al-Maliki is in …

Money Matters »

[23 Feb 2011 | No Comment | ]

IRAQ’S government on Tuesday proposed new legislation that would slash the salaries of politicians and top officials, just days after MPs approved smaller pay cuts in a bid to head off protests.
The mooted changes are the latest attempt by authorities to respond to demonstrations that have taken place across Iraq in cities that are variously Sunni, Shiite or Kurdish, railing against corruption, poor public services and high unemployment.
‘The cabinet has decided to approve a draft law on salaries and allocations… and sent it to parliament,’ government spokesman Ali al-Dabbagh said …

Business News & Advice »

[30 Jan 2011 | No Comment | ]

After watching the collapse of Lebanon’s government, it is hard not to think about efforts to build a stable Iraq. The two countries have so much in common.
Both are volatile democracies where any political question can provoke not just intense debate, but also the threat of violence.
Both countries have relative freedom of speech, at least relative to their Arab neighbors, and a multitude of political parties that are always ready to use it. Each faces a greater risk of manipulation by outsiders than other countries in the region.
Iraq and Lebanon …