Iraq's oil ministry is postponing a bidding round for 12 small and medium-sized oil fields across three provinces from Nov. 30 to the middle of next year, the ministry said on its website on Thursday. The ministry's statement said there are "essential changes" to the previous announcement, including plans for the oil ministry to develop some of the fields itself and adding o
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The operation to retake Mosul entered its second week with the Iraqi Security Forces (ISF) and Peshmerga advancing along the northern and eastern axes, nearing Mosul’s city limits. ISF units in the southern axis advanced but lagged behind the other axes, resulting in operational pauses on October 19 and October 25 in order for the southern units to regroup and catch up. Del
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LONDON (Thomson Reuters Foundation) - Although torn by civil war, Iraq is the world's most generous country towards strangers in need, according to a new global index of charitable giving. Eighty one percent of Iraqis reported helping someone they didn't know in the previous month, in a global poll commissioned by the Charities Aid Foundation (CAF). For the first time sin
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Erbil – The United Nations Development Programme (UNDP) signed an agreement today in Erbil with the Ministry of Planning of the Kurdistan Regional Government (KRG) to establish a new Funding Facility for Economic Reform (FFER). FFER will be used to mobilize high-caliber international expertise to support priority initiatives in the KRG’s reform plan. Minister of Planning, M
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Members of the Organization of Petroleum Exporting Countries (OPEC) as well as the world’s largest producers of oil gathered in Algeria on Monday in an effort to negotiate and reach a deal to support the market. Skepticism still presides over whether or not a deal will be met, as it will have to force money managers to slash their buoyant bets to a one-month low. “Iraq suppor
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