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 […]
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 […]
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 […]
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 […]
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 who were deprived of their […]
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 Sami Abdul Rahman, the KRG's High Representative to the UK, were joined […]
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 political blocs has put forward an electoral […]
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, Black Diamond and Rezhwan. The […]
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 developing other productive sectors such as […]
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 to war." (Source: Turkish Press)
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 direction of when ... As of now, we […]
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 well was deviated well from the AT-1 […]
