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. By Ghazwan Hassan al-Jibouri. The despised ex-leader of Iraq built luxurious palaces with hundreds of rooms in Tikrit, near his hometown. Now the local council wants them turned into money-making […]
By John Lee. Al Faw Palace has reportedly been selected as the location for the new American University of Iraq - Baghdad (AUIB). The complex was originally built by Saddam Hussein, then used by the US-led coalition as a camp following the invasion. The new university is scheduled to open in September 2018, and will […]
By John Lee. The Iraqi government is reportedly considering the sale of more than 600,000 state-owned properties, including around 1,000 that formerly belonged to Saddam Hussein. The sale could potentially yield $150 billion, helping to bolster the country's finances as it struggles to cope with lower oil prices. But according to a report from The […]
The Telegraph reports that nine palaces inside a lakeside complex featuring moulded ceilings, a Saddam Hussein mural and a former prison cell are among the properties to be vacated by US troops at the end of this year. The US military has been headquartered in the complex near Baghdad International Airport since it reached Baghdad […]
Perhaps the most positive news out of Iraq in the past week came late on Wednesday, as the Canadian-based explorer ShaMaran Petroleum announced a major oil discovery at its Atrush-1 well in Kurdistan. ShaMaran has an 80% stake in the project, with Marathon Oil Corp holding the remaining 20%. The news comes as Baghdad and […]
Kings, presidents and emirs are invited to a former Saddam palace for the Arab League summit in May. Saddam Hussein's former palace in Baghdad has been completely renovated in preparation for the historic summit. The palace, which has a history as tumultuous as the country's, has been given a $400m makeover. Many hope the gleaming […]
