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Faruk Medical City (FMC) Opens Special Ballot for Army Causes Concern Iraq Tops Impunity Index Warka May Cost US Army Millions
 
Faruk Medical City (FMC) Opens

Faruk Medical City (FMC) Opens

By John Lee. The new Faruk Medical City (FMC) has been opened in Sulaimaniyah. Build by Faruk Mustafa Rasool, one of the country’s richest men, the facility has 210 beds, with 53 clinics and 24 specialists. Chief medical officer of FMC, Firya Peryadi, said: “Once Iraq had the best doctors and hospitals of the region, but […]

Special Ballot for Army Causes Concern

Special Ballot for Army Causes Concern

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Two days before the rest of the country does, over one million members of Iraq’s military will vote in general elections. The questions are clear: Will the army simply be loyal […]

Iraq Tops Impunity Index

Iraq Tops Impunity Index

By John Lee. Citing 100 journalists murdered in the last decade and 100 percent impunity, the Committee to Protect Journalists (CPJ) has said that Iraq is the worst offender on its Impunity Index, a spot it has held since 2008, when CPJ first compiled the index. According to its report: “Nine new murders in late […]

Warka May Cost US Army Millions

Warka May Cost US Army Millions

Like a replay of the Great Depression, a bank in Iraq went under in 2010, nearly taking millions of American dollars with it. According to a report from the Washington Times, Iraq’s Al-Warka Bank was already having stability problems when the U.S. began to close all its accounts as part of the withdrawal of troops […]

Faruk Medical City (FMC) Opens

Faruk Medical City (FMC) Opens

19 April 2014

By John Lee. The new Faruk Medical City (FMC) has been opened in Sulaimaniyah. Build by Faruk Mustafa Rasool, one of the country's richest men, the facility has 210 beds, with 53 clinics and 24 specialists. Chief medical officer of FMC, Firya Peryadi, said: “Once Iraq had the best...

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Posted in Healthcare0 Comments

Special Ballot for Army Causes Concern

Special Ballot for Army Causes Concern

19 April 2014

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Two days before the rest of the country does, over one million members of Iraq’s military will vote in general elections. The...

Read the full story

Posted in Politics, Security0 Comments

Iraq Tops Impunity Index

Iraq Tops Impunity Index

19 April 2014

By John Lee. Citing 100 journalists murdered in the last decade and 100 percent impunity, the Committee to Protect Journalists (CPJ) has said that Iraq is the worst offender on its Impunity Index, a spot it has held since 2008, when CPJ first compiled the index. According to its report: "Nine...

Read the full story

Posted in Security0 Comments

Warka May Cost US Army Millions

Warka May Cost US Army Millions

18 April 2014

Like a replay of the Great Depression, a bank in Iraq went under in 2010, nearly taking millions of American dollars with it. According to a report from the Washington Times, Iraq's Al-Warka Bank was already having stability problems when the U.S. began to close all its accounts as part of the...

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Posted in Banking & Finance1 Comment

Hanwha Opens Precast Concrete Plant at Bismayah

Hanwha Opens Precast Concrete Plant at Bismayah

18 April 2014

Prime Minister Nouri Kamil al-Maliki has opened the new Hanwha Precast Concrete Plant at the Bismayah New City development near Baghdad. Speaking at the event, he said that “this project is our dream that has come true because it reflects our hope to provide housing units for all Iraqi people...

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Posted in Construction & Engineering0 Comments

Kurdistan Welcomes British Business

Kurdistan Welcomes British Business

18 April 2014

The Kurdistan Region is open for business and British companies are welcomed, Kurdish officials told members of British Expertise, a leading trade association at a seminar last week. Minister Falah Mustafa, Head of the Kurdistan Regional Government's Department of Foreign Relations, and Bayan...

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Posted in Industry & Trade0 Comments

Iraqi Elections: all Talk, no Walk

Iraqi Elections: all Talk, no Walk

18 April 2014

By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. With the launch earlier this month of campaigns for the April 30 parliamentary elections, Iraq is back to debating the fact that none of the...

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Posted in Politics0 Comments

False Claims made by Black Diamond, Rezhwan

False Claims made by Black Diamond, Rezhwan

17 April 2014

By John Lee. Further to the recent press release from Black Diamond, the Kurdistan Regional Government has issued a statement refuting the company's claims to have a deal to refine crude oil from Genel Energy's Taq Taq oil field. Genel Energy has also denied any knowledge of, or dealings with,...

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Posted in Oil & Gas0 Comments

The Need for Private Industry

The Need for Private Industry

17 April 2014

As reported this morning on Iraq Business News, a former Minister for Planning has spoken out about the need to diversify the Iraqi economy away from its current dependence on oil and gas. Mahdi Al-Hafez told Asharq Al-Awsat that Iraq must adopt "a policy of diversifying the economy and...

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Posted in Blog0 Comments

Mosul “to Refine Oil in Disputed Areas”

Mosul “to Refine Oil in Disputed Areas”

17 April 2014

By John Lee. An agreement to build an oil refinery has reportedly been signed between Iraq's Mosul province and the Kurdistan Regional Government (KRG) on Monday. Governor Atheel al-Nujaifi (pictured) said: "This agreement will change Iraq's image, which is identified with war and incitement...

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Posted in Oil & Gas0 Comments

HP Considers Iraq Office

HP Considers Iraq Office

17 April 2014

By John Lee. Hewlett-Packard (HP) sees big future opportunities in Iran and Iraq. Mathew Thomas, general manager for printing and personal systems at HP Middle East, told GulfNews: “We are waiting for the green signal from the World Trade Organisation and HP worldwide to give us the...

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Posted in Telecoms/Comms0 Comments

ShaMaran Announces Atrush-4 Test Results

ShaMaran Announces Atrush-4 Test Results

17 April 2014

By John Lee. ShaMaran Petroleum has announced the results of the Atrush-4 appraisal/development well (“AT-4”) drilled in the Kurdistan Region of Iraq. The AT-4 well was spudded on October 20, 2013 using the DQE31 drilling rig and reached Total Depth of 2916m MD on January 23, 2014. The...

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Posted in Oil & Gas0 Comments

Iraq “Must End Dependence on Oil”, fmr Minister

Iraq “Must End Dependence on Oil”, fmr Minister

17 April 2014

By John Lee. Iraq’s former planning minister, Mahdi Al-Hafez, has told Asharq Al-Awsat that Iraq must diversify to reduce its decades-long reliance on oil as the main contributor to its GDP. He told the news agency: “The desired tasks for economic reform require the reduction of the...

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Posted in Industry & Trade, Oil & Gas0 Comments

Alstom Wins €225m Equipment Deal in Anbar

Alstom Wins €225m Equipment Deal in Anbar

16 April 2014

Alstom has been awarded a contract worth approximately €225 million to provide power generation equipment for the Al-Anbar gas-fired combined-cycle power plant being built in the Anbar province in Iraq. A consortium of Metka SA and Metka Overseas Ltd is building the power plant for the Ministry...

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Posted in Construction & Engineering, Public Works0 Comments

Gazprom Neft selects Pipeline Contractor

Gazprom Neft selects Pipeline Contractor

16 April 2014

Gazprom Neft, operator of the Badra oilfield development project (pictured), has appointed a contractor to lay the pipeline connecting the field to the power station in Zubaidiah (Wasit Province). The tender was won by Pakistani company Techno Engineering Services (Pvt.) Ltd. In line with the...

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Posted in Construction & Engineering, Oil & Gas0 Comments

Militants Close Euphrates River Dam

Militants Close Euphrates River Dam

16 April 2014

By John Lee. Militants have reportedly closed the Euphrates River dam they control in Iraq, cutting off a major source of water for central and southern Iraq. AFP reports that militants had previously cut the flow of water through the dam near the city of Fallujah several weeks ago, but...

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Posted in Agriculture, Industry & Trade, Security0 Comments

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