By John Lee. Russia's Lukoil has signed an agreement with US investment company Carlyle for the sale of LUKOIL International GmbH, a wholly owned subsidiary that holds the its international assets. The agreement is non-exclusive and subject to regulatory approval, including permission from the US Department of the Treasury's Office of Foreign Assets Control (OFAC). Lukoil […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the Medical Health City project in southern Baghdad, covering an area of 120,000 m². The launch ceremony was attended by the Minister of Health and representatives of international pharmaceutical companies. The project includes five pharmaceutical factories with a total investment […]
By John Lee. American-based private equity firm Carlyle Group is reported to be looking for opportunities in Northern Iraq. A report from Dow Jones says the move comes as a result of a new $750m fund that the company hopes to raise to invest in the Middle East and North Africa. The firm, which is […]
ARINC Engineering Services, LLC today announced it has completed the procurement, integration, testing, and installation of new Air Traffic Control Tower (ATCT) systems and equipment for two bases of the Iraqi Air Force. The new technology will allow Iraq’s Air Force to establish efficient operational control with modern equipment in the control towers at Tikrit […]
