INSEAD Day 4 - 728x90

Basra

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.
  • Rumaylah, Iraq - Hussein Julood is taking legal action against British energy giant BP after he lost his son to leukaemia, which he alleges was caused by gas flaring at Iraq's largest oil field. The bereaved father, who lives near the Rumaila field in the southern province of Basra, is...
  • UN rights chief urges international probe into Beirut port blast

    "Climate change is pushing millions of people into famine. It is destroying hopes, opportunities, homes and lives. In recent months, urgent warnings have become lethal realities again and again all around the world," Turk said. "We do not need more warnings. The dystopian future is already here. We need urgent...
  • Iran and Syria sign agreement to build rail connection via Iraq

    Tehran, Iran-- Iran and Syria have signed an agreement to connect the rail network between the two countries through Iraq. Mehrdad Bazrpash, Iran's Minister of Roads and Urban Development, made the announcement at the inauguration ceremony of the construction of the Shalamcheh-Basra railway on Saturday.  "The construction of the Shalamcheh...
  • Fire at substation in Iraq sparks nationwide power outage

    Baghdad, Iraq--A fire at an electricity substation in southern Iraq triggered a nationwide power outage Saturday, authorities said, just as demand peaks amid the searing summer heat. Electricity is a sensitive political issue in Iraq as despite the country's huge oil reserves, its dilapidated power grid is incapable of meeting peak demand...
  • Iraq, Iran sign MoU to build railway track linking two nations

    The railway track will connect Iran's southwestern town of Shalamcheh with Basra in Iraq in what will be the first such link between the two countries. In this regard, the two signed an MoU in Basra. It outlines the route for the railway line, location of passenger stations, a timeline...
  • Will plant 5m trees in country, says Iraqi Prime Minister

    BASRA, IRAQ -  Iraq's prime minister on Sunday announced a campaign to combat the severe impacts of climate change on the water-scarce country, including by planting five million palms and trees. Oil-rich but war-battered Iraq suffers from extreme summer heat, frequent droughts, desertification and regular dust storms, problems that are all...
  • Iraq’s Gulf Cup victory marred by stampede, logistical slips

    Baghdad, Iraq--Iraq saw the Gulf Cup as a chance to rehabilitate its image after a years-long football hosting ban, but a deadly stampede and organizing gaffes have dampened the cheer despite its home victory. Thursday's stampede outside a football stadium ahead of the cup final in the southern city of Basra...
  • One dead, dozens hurt in stampede before Iraq Gulf Cup final, say medics

    One person was killed and dozens injured when a stampede broke out outside a football stadium in Iraq hours before the Gulf Cup final, medical and security sources said. Long banned from hosting international football matches, war-torn Iraq had been counting on its hosting of the Gulf Cup to burnish...
  • Baghdad-Amman oil pipeline will soon be functional, says Iraqi Parliamentary Speaker

    BAGHDAD, IRAQ  - Iraqi Parliamentary Speaker Mohammed al-Halbousi said that an oil pipeline from Basra port to the Jordanian port of Aqaba will soon be operational pointing to many areas of cooperation between the two countries. Al-Halbousi, who spoke at a joint press conference at Baghdad airport with Jordan's Lower...
  • Iraq apologizes after chaos at regional football tourney

    BASRA, IRAQ - Iraq has apologized to its neighbor Kuwait after a scuffle in the VIP section prevented the Kuwaiti emir's representative from attending opening ceremonies at the Gulf Cup football tournament. Matches are taking place in the city of Basra, near Kuwait, as war-scarred Iraq hosts the regional event for...
  • Iraq looks to make football comeback with Gulf Cup

    Basra, Iraq--Iraq on Friday welcomed football teams from across the region for the Gulf Cup, ending nearly three decades of repeated bans on international matches in the war-torn and corruption-plagued country. The tournament in the southern city of Basra brings together eight teams, with Friday's opening match seeing the host...
  • Violence erupts in Iraq on third anniversary of protests

    Waving portraits of the "martyrs" killed in rallies three years ago, hundreds of protestors clashed with security forces in Iraqi cities to mark three years since nationwide demonstrations broke out against endemic corruption. The fresh protests come amid political paralysis since elections last year failed to bring in a new...
  • Iraq exported oil worth $7 billion in December

    The additional revenues of $143 million were achieved from selling quantities of shipments of exported crude oil at a price premium.
  • Iraq’s pro-Iran Hashed take centre stage in soft power play

    The events of the play stretch from the dawn of time to more recent events including Washington's killing of Iranian general Qasem Soleimani.
  • Iraqi labourer preserves calligraphic art

    Hussein's creations are made with a reed pen that he buys from Turkey or Iran. He sometimes sells the work for posters, shop displays and even tombstones.
  • Iraq bombing targeted officer who was probing activists’ deaths

    At least four civilians were killed and four others wounded in Tuesday's motorcycle bombing near a hospital in central Basra. The office, who was amongst the deceased, worked for the intelligence, and was investigating targeted killings of activists.
  • Schneider Electric says electricity use in Iraq rising annually by 10 percent

    Consumption of electrical energy is increasing by 10 percent annually in Iraq, which necessitates a robust distribution network, said the French company Schneider Electric. Schneider has signed an MoU with Iraq's Ministry of Electricity for the development of the electric power distribution network in the country, local media reports said....
  • Poverty fuels despair in oil-rich south Iraq

    Basra province gets only 1 trillion dinars out of the total Iraqi budget of 130 trillion Iraqi dinars ($89 billion), according to deputy governor Dorgham al-Ajwadi.
  • Iran to get $300m Japanese loan to upgrade oil refinery

    Japanese Foreign Minister Toshimitsu Motegi said this assistance would be in the form of low-interest loans.
  • Blackouts hit Iraq as mercury soars 52°C

    4 southern provinces without electricity since Tuesday Sizzling temperatures made worse by high levels of humidity When the mercury soared to 52 degrees Celsius (125 Fahrenheit) this week in Iraq, Ali Karrar placed his baby for a couple of minutes in the fridge. But when the power went off on...
  • Iraqi oil city of Basra facing a surge in cancer cases

    2000 cases of cancer registered annually in recent years, according to the country's Southern Environment Department Director general of the department asks oil companies to adhere to environmental, health system rules About 2000 cases of cancer caused by toxic gases released by oil burners have been registered in the Iraqi...