Read the latest news from regional and global sources, presenting different voices and perspectives.
IDC deploys Second Rig for 35-Well Project at Zubair Field
By John Lee. The Iraqi Drilling Company (IDC) has deployed a second drilling rig, IDC-56, as part of the ongoing project to drill 35 oil wells at the Zubair oilfield. The project is being implemented under a contract with Italy's ENI, in...

Production from Risha Gas Field to Be Increased to 75 Million Cubic Feet per Day
The Director General of the National Petroleum Company, Engineer Mohammad Al-Khasawneh, announced that the company is currently working to raise natural gas production from the Risha gas field to around 75 million cubic feet per day, up from the...

Two more candidates announce for 11th Congressional Republican primary
Charlie Kim The Republican primary field for the Illinois 11th Congressional District has doubled with the addition of two new candidates vying for the opportunity to go against incumbent Democrat Bill Foster. Naperville residents Mike Pierce and...

Iraq emerges as third-largest Arab oil refiner
2025-07-09T12:51:20+00:00 font Enable Reading Mode A- A A+ Shafaq News – Baghdad Iraq, OPEC’s second-largest oil producer, ranked third among Arab nations in refinery output for 2024, according to data from the Energy Research Unit (ERU). The...

Iraq appoints spokesperson for religious pilgrimage committees
2025-07-09T09:01:37+00:00 font Enable Reading Mode A- A A+ Shafaq News - Baghdad Iraq has appointed Maj. Gen. Muqdad Miri as the official spokesperson for the security and service committees managing the country’s major religious pilgrimages, a...
Iraq Launches $400-600m Tender to Develop Baghdad Airport
By John Lee. Iraq's Ministry of Transport has announced details of its project to develop Baghdad International Airport (BIAP) through a public-private partnership (PPP), in cooperation with the International Finance Corporation (IFC), a member of...

Iraq’s Kurdistan enjoys all-day state electricity
ARBIL: More than 30 percent of Iraq’s autonomous Kurdistan region now has 24-hour state electricity, authorities said Thursday, with plans to extend full coverage by the end of 2026. The northern region of Kurdistan has long promoted itself as a...

AP News Summary at 11:00 a.m. EDT
Senate passes $9 billion in spending cuts to public broadcasting, foreign aid requested by Trump WASHINGTON (AP) — The Senate has passed Donald Trump’s request to cancel about $9 billion in foreign aid and public broadcasting spending, moving...

New U.S. assessment finds that U.S. airstrikes destroyed only one of three Iranian nuclear sites
Only one of the three key nuclear enrichment sites in Iran was destroyed in the attack from the United States last month, contrary to claims made by President Donald Trump about Tehran's nuclear ambition being "completely and fully obliterated."...

Park Aerospace Corp. (NYSE:PKE) Q1 2026 Earnings Call Transcript
Park Aerospace Corp. (NYSE:PKE) Q1 2026 Earnings Call Transcript July 15, 2025 Operator: Good afternoon. My name is Paul, and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Park Aerospace Corp. First...

Oil prices edge up on easing trade tensions and Middle East risks
Oil prices edged up on Thursday on signs of easing trade tensions, stronger than expected economic data from the world’s top oil consumers and renewed risks in the Middle East. Brent crude futures were up 17 cents, or around 0.3 per cent, to...

Iraq shortlists 10 global bidders for Baghdad Airport PPP redevelopment project
Iraq’s Ministry of Transport has shortlisted 10 international consortiums to bid for the redevelopment of Baghdad International Airport under a public-private partnership (PPP) model, the official Iraqi News Agency (INA) said in a report on...

Iraq moves to settle KRG budget rift
2025-07-08T22:04:16+00:00 font Enable Reading Mode A- A A+ Shafaq News - Baghdad On Tuesday, Iraqi Prime Minister Mohammed Shia al-Sudani ordered the formation of a high-level ministerial committee to address pending financial arrangements between...

Iraq’s oil exports to China surge to 1.42M bpd in June
2025-07-08T20:33:58+00:00 font Enable Reading Mode A- A A+ Shafaq News – Beijing/Baghdad Iraq's crude oil exports to China climbed to 1.42M barrels per day (bpd) in June 2025, marking a 28% year-on-year increase, according to data released by...

Iraq and OPEC+ Plan Output Hike in August
Iraq has reaffirmed its commitment to ensuring oil market stability, aligning with fellow OPEC+ nations during a virtual meeting held on the 5th of July 2025. The session, which included Saudi Arabia, Russia, the UAE, Kuwait, Kazakhstan, Algeria,...

Iraq’s Housing Ministry reports progress on +320 infrastructure projects
2025-07-08T18:03:27+00:00 font Enable Reading Mode A- A A+ Shafaq News – Baghdad Iraq’s Ministry of Construction and Housing announced, on Tuesday, the completion of 147 infrastructure projects and ongoing work on 179 more across the housing,...

Trump slap massive tariffs on Iraqi goods, excludes oil
Despite the imposition of tariffs, both Washington and Baghdad have signalled a desire to maintain constructive ties. [Getty] US President Donald Trump on Wednesday imposed a 30 percent tariff on Iraqi imports, a move Baghdad says will have...

Iraq completes most of Faw port
Iraq has finished the bulk of the infrastructure of one of the world’s largest container terminals in the Southern Faw Peninsula, a senior port official has said. The OPEC producer has also completed the construction of a road that will link Al...
Futures Flat As Tech Stocks, Dollar Rise
US equity futures are flat, trading in a narrow range overnight, with SPX unchanged, while Nasdaq futs rise after TSMC beat on sales guidance. Since yesterday’s close, incremental macro headlines were muted, but earnings reports were solid (TSM,...

Iraq starts project to expand al-Diwaniyah Refinery
(MENAFN) Iraq has officially begun an $800 million project to expand the al-Diwaniyah Refinery, located in the southern province of Diwaniyah. The expansion was inaugurated by Iraqi Prime Minister Mohammed Shia' al-Sudani through a virtual...