Iraq is one of OPEC’s largest producers, yet is experiencing blackouts after surging temperatues strain the country’s power grid. CNBC’s Dan Murphy speaks to Jessica Obeid, Head of Energy Transition …
For Shi’ite Pilgrims in Iraq’s Deserts, Suffering Strengthens Faith
Kareem begins at the furthest possible starting point, at Ras al-Bisha in southern Iraq. He stands in the sands of the Persian Gulf before setting off north towards his goal, the holy city of Karbala, …
Iraq announces nationwide power outage amid ‘record’ heat
Power was out across Iraq on Monday as scorching summer temperatures pushed electricity grid demand to unprecedented levels, authorities said. To avoid outages during peak demand, Iraq would need to …
Is China Moving Into Position To Take Over Iraq’s Key Oil Project From The West?
CNPC-linked CPECC has secured a major $2.5B contract tied to the CSSP, raising questions about China’s long-term takeover ambitions.
Iraq security deal with Iran sparks tension with US
A security agreement between Iran and Iraq has faced backlash from Washington, which for years has opposed Tehran’s close ties with Baghdad.The deal comes as Ali Larijani, head of Iran’s Supreme …
Iran’s defense chief in Iraq to discuss an ‘important security agreement’
Iran’s top defense official has visited Iraq to discuss a new security agreement between the two countries. Details of the agreement remain unclear.
Iraq’s private power generators: Lifesaver or environmental burden?
How do Iraqis cope in fiery summer heat, especially during power outages? They use private generators, which are now essential in Iraq. But the huge machines you see on every city block have plenty of …
Iraq shuts 10 banks in restructuring scheme
Iraq has ordered the liquidation of 10 of its banks as part of plans to restructure its financial sector after some failed to return funds to depositors, the governor of the Central Bank of Iraq (CBI) …
Iraq Stock Exchange trades over $25 million in July
The Iraq Stock Exchange traded nearly 16.77 billion shares worth 33.33 billion Dinars in July, though the ISX60 index saw a 2.4% decline.
Over 600 pilgrims hospitalised after chlorine leak in Iraq
IRAQ: More than 600 pilgrims in Iraq were briefly hospitalised with respiratory issues after inhaling chlorine gas, which leaked from a water treatment station, authorities reported on Sunday. The …