Lebanon’s Middle East Airlines said the war in Syria has wiped out a revival in tourist flows that had built since the end of the country’s own conflicts, with first-quarter passenger numbers down 7 percent.
For Grant Felgenhauer, a money manager whose hedge fund owns $110 million of Iraqi equities, the 15 explosions that reverberated across the country in a single day earlier this month weren’t a reason to stop buying.
Genel Energy Plc, the biggest oil and gas operator in Kurdistan, said its output this year will be higher than currently estimated if the Kurds and Iraq’s central government agree on oil exports to Turkey.
Iraq is considering additional measures against Exxon Mobil Corp. over deals the company signed with the semi-autonomous Kurdish region, Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said.
Iraq is awaiting a response from the country’s semi-autonomous Kurdish region on a proposal for exporting the area’s crude, and will impose penalties if the oil is sold without Baghdad’s approval, Iraq’s Deputy Prime Minister for Energy Affairs said.
It was exceptionally cold in Sulaymaniyah, a city in northern Iraq’s Kurdish region, on the morning of Dec. 22. Shwan Taha was sitting in the airport lounge with a bag of gifts, waiting to get back to his wife and children at home in Istanbul.