Kurdistan Stories - MarcoPolis

Inside lraq’s Cash Economy: Fully Reserved Banking in a Monetary Dystopia

Peter Matay — Mon, 02 May 2016 13:08:00 +0000

As is the case in many conflict and post-conflict economies, in Iraq the private sector is primarily cash-based. Bank financing is unavailable for all but the largest companies and even then is limited mainly to overdraft facilities.

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Iraqi Kurdistan Economic Report 2016: Kurdistan’s Great Recession

Peter Matay — Fri, 08 Jan 2016 13:08:35 +0000

Not long ago, the future looked bright for the Kurdistan Region of Iraq (KRI). Long an oasis of peace in an otherwise unstable region, by 2013 the three Kurdish provinces of Erbil, Sulaimaniyah, and Dohuk had become the most prosperous part of the country. Not only were they developing their own oil and gas resources but they were also diversifying into non-oil sectors such as cement, tourism, and real estate. In the major cities consumers were flush with cash—business was booming at shopping malls, car dealerships, gold shops, hotels, and restaurants. Iraq’s tallest apartment and office buildings were under construction. The region’s dream of becoming the “next Dubai�� seemed to be fast becoming a reality.
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Iraq’s Falcon Group New CSR Program to Help the Country

Peter Matay — Thu, 11 Jun 2015 08:47:44 +0000

Since the beginning of the Islamic State’s (ISIS) hostilities against Kurdistan, which began in August 2014, Falcon Group has stepped forward to provide support and services to the Peshmerga forces.

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JW Marriott Partners with Falcon Group to Manage Hotels in Kurdistan Region, Iraq

Jacques Yétérian — Wed, 18 Jun 2014 11:50:36 +0000

Kurdistan Top Stories
JW Marriott Partners with Falcon Group to Manage Hotels in Kurdistan Region, Iraq
When Marriott International decided to enter the Iraqi hotel market, it partnered with Falcon Group, one of the largest business firms operating in the autonomous region of Kurdistan and throughout Iraq.

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Falcon Group – a Leading Group in Iraq – Celebrates 10th Anniversary

Jacques Yétérian — Wed, 18 Jun 2014 11:24:08 +0000

A major feature of the event was the announcement of, and signing ceremony for,the upgrading of the Marriott Hotel, already under construction at Empire World, to the status of a Five Star��JW Marriott Hotel, as well as announcing a new Courtyard by Marriott Hotel soon to be constructed by Falcon Group near Massif.

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North Bank, Iraq’s Largest Bank (Private), is in good position for continued high growth

Jacques Yétérian — Thu, 29 May 2014 06:22:21 +0000

Kurdistan Sector Analysis
North Bank �� Iraq's Largest Bank (Private) -- is in good position for continued high growth
For Nozad Dawood Fattah Al-Jaff, chairman of North Bank, the goal is to be not only the largest bank in Iraq, but to be recognized as a strong regional player as well.

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Falcon Group appoints new Executive Vice-President

Peter Matay — Fri, 16 May 2014 07:21:57 +0000

Kurdistan Top Stories
Falcon Group appoints new Executive Vice-President
"Larry Milam brings solid leadership skills as well as broad experience and in-depth knowledge of all aspects of business toward the task of leading our company forward. Having just celebrated our 10th Year Anniversary, Falcon Group will continue to grow and flourish under Larry's guidance."
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Falcon Group expands into oil and gas services providing everything from equipment rental to highly-trained security

Isslam Moubarak — Fri, 02 May 2014 10:22:14 +0000

Kurdistan Top Stories
Falcon Group expands into oil and gas services providing everything from equipment rental to highly-trained security
The Kurdish conglomerate Falcon Group -- a holding company for a diversity of units, ranging from construction to agriculture -- formed a new company last year focused on servicing the region's oil and gas businesses, including equipment rental, security, catering, housing and warehouse space.

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Erbil’s $2.3 billion Empire World real estate development now 70% complete, on track for 2017 completion

Isslam Moubarak — Tue, 15 Apr 2014 11:22:51 +0000

Slated for completion in 2017, the Empire World development is the largest development in Iraq and represents a $2.3 billion investment in the future of the high-economic growth autonomous Kurdistan region in northern Iraq.

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Falcon Group: Diversification Key to Market Leadership in Iraq

Ben Novak — Wed, 03 Jul 2013 08:08:04 +0000

"We focus our efforts to rebuild Iraq and its different sectors like construction, real estate, transportation, agriculture, security, oil and gas services and many other fields �� because we love our country and we focus on rebuilding and investing in it."
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