Iraq’s self-ruling Kurds agreed to let the central government in Baghdad control the amount and quality of crude they export as well as manage revenue from its sale, Iraqi Oil Minister Abdul Kareem al-Luaibi said.
Speedy Hire Plc Chief Executive Officer Steve Corcoran resigned after the U.K. construction- equipment provider uncovered repeated false accounting at its Middle East operations. The stock fell the most since 2009.
Saudi Arabia’s proxy war against Bashar al-Assad is popular among a mostly Sunni Muslim public enraged by the killings of their co-religionists in Syria. Among the kingdom’s Shiite minority, many worry that the anger will eventually be directed toward them.
Last month, the business empire of Eike Batista, once the world’s seventh-richest man and a mascot of economically resurgent Brazil, collapsed. The disaster ought to focus our minds on the perils of credit-fueled economic growth and highly leveraged corporations not just in Brazil but also in other BRICS countries.
This week, regular Libyan forces wearing crisp new fatigues and riding in Humvees took up positions in the capital, Tripoli, and ordinary Libyans ran into the streets to cheer the unfamiliar troops as liberators.