Taliban, Islamic State make millions from mining Afghan minerals – report

political-map-of-Afghanista.gif

Militants, including the Taliban, in Afghanistan are funding their increasingly violent insurgencies by mining talc, chromite and marble in eastern part of the war-torn nation, an investigation by Global Witness, a not-for-profit research firm that tackles natural resource misuse, conflict and corruption, has shown. Rising global demand for cosmetics, marble and stainless steel is helping […]

Read more

Lower oil prices, war pushes Iraq’s budget deficit higher despite massive crude reserves

iraq_map.png

A sharp drop in crude oil prices and with the war against the Islamic State of Iraq and the Levant (ISIL) has caused Iraq’s budget deficit to grow substantially in 2015 despite it being OPEC’s second-largest crude oil producer after Saudi Arabia, the U.S. Energy Information Administration (EIA) said. Despite the near-record level production growth […]

Read more