Iraq Faces Budget Slashes Amid Oil Revenue Drop
Iraq plans a revised 2009 budget of 53.7 billion down from 79 billion as oil revenue falls from 60 billion in 2008 to lower estimates. Reconstruction funding is cut to 12.54 billion with warning of further cuts if prices stay depressed. Oil export dependence, job worries, and a 32 billion cushion from unspent development funds shape the fiscal outlook.
MENTIONED IN THIS ARTICLE
U.S
Finance Ministry
Alan Saadoun
Iraq
Pakistan questions seven al-Qaida suspects after raid
Pakistani officials say seven al-Qaida suspects were detained in a Bara Qadeem raid near Peshawar following a U S intelligence tip. One detainee, Saudi national Zabi ul Taifi, is described as a top al-Qaida planner. Police say the group includes one foreigner and six Pakistanis.
MENTIONED IN THIS ARTICLE
Pakistan
al-Qaida
Islamabad
Afghan
U.S
London
Washington
Associated Press
Zabi Ul Taifi
Peshawar
Bara Qadeem
FBI
U S
Mexico launches large wind farm to diversify energy
Mexico inaugurates a 250 megawatt wind farm at La Ventosa built by Acciona Energia and Cemex joint venture. The $550 million project aims to cut carbon emissions by 600,000 metric tons annually and expand wind capacity toward 5,000 megawatts, while sparking local protests over land use and benefits.
MENTIONED IN THIS ARTICLE
Georgina Kessel
la Ventosa
Gulf of Mexico
Pacific Ocean
Acciona Energia
Latin America
Esteban Morras
Acciona Board
Mexico
Wal- Mart
Selinsatite Taad Cots
Wal-Mart
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Baghdad
Laventosa
Cemex Inc
Central Air
Cleveland
Clockwork Home Service
Jeff Mraovich
Elyria
Daniel J. Talarek
Lorain County
Www
Loraincounty.com
Auditor
National Guard
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