Via Foreign Policy, an interesting look at Erbil where, with the Islamic State on their doorstep, Kurdish leaders have scaled back their once grandiose ambitions to focus on ensuring the survival of their enclave: Unused escalators rise up to bare concrete floors in the Ankawa mall; particle-board dividers form makeshift living spaces. Instead of shoppers […]
Read more »Via Fortune, an interesting look at the business dealings of the Islamist extremist group ISIS: Every startup needs financing and a market to succeed. So, too, for the Islamist extremist group ISIS—or simply the Islamic State, as it calls itself—whose fighters stormed across the Syrian border into Iraq in June and seized the country’s second-biggest […]
Read more »Courtesy of The Financial Times, an interesting look at Iraq: There are frontier investment markets, and then there is Iraq. Bombings and fighting killed at least 42 people on Thursday alone, in nine or more separate explosions from Baghdad to Fallujah; yet so commonplace is the violence that the news merited few headlines. After all, […]
Read more »Courtesy of Foreign Policy, an interesting look at the Iraqi government’s management of the oil sector and how – by lashing out at Turkey and Kurdistan – Baghdad could make a tense situation worse: A long-simmering controversy over control of Iraq’s massive oil reserves flared into the open Friday as one of the country’s most […]
Read more »Via Emerging Frontiers, an updated look at Iraq: It might seem surprising that Asia Frontier Capital recently attended an investor conference in Iraq, as news coming out of the country usually focuses on Iraq’s turbulent security situation and ongoing sectarian violence. However, instability is just one side of the story. Crude oil production in Iraq […]
Read more »Courtesy of STRATFOR (subscription required), a detailed analysis of another showdown that is building between the Kurdistan Regional Government and the government of Iraq over oil exports, only this time Turkey has entered the fight: Turkey has a dilemma. Its competition with Iran in Syria has already been exposed — Turkey is backing the Sunni […]
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