By John Lee. Local sources in Iraqi Kurdistan have said that one of the region's most prominent business leaders was killed in last night's attack by Iran's Islamic Revolutionary Guard Corps (IRGC) on targets in Erbil. In a statement on X (formerly Twitter), the Kurdistan Democratic Party's (KDP) Foreign Relations Office said: "Initial reports indicate […]
Tag Archives | Falcon
More Details on Sale of Iraqi Cement Plant
By John Lee. Pakistan's Attock Cement Pakistan Limited has given notice of an Extraordinary General Meeting (EGM) to be held on 25th May to approve the sale of its cement grinding facility in Iraq. According to a stock excchange filing, Attock proposes to sell its 60-percent share (18 million shares) in Saqr Al-Keetan for Cement […]
Pakistani Firm Sells Stake in Iraqi Cement Maker
By John Lee. Pakistan's Attock Cement Pakistan Limited will reportedly sell its investment in its cement grinding facility in Iraq. Pro Pakistan reports that its 60-percent share in Saqr Al-Keetan for Cement Production Company Limited (SAKCPCL), located at Khor Al-Zubair, Basra, will be sold for a US$23.4 million, to be paid in three tranches. The […]
Cement Plant Starts Commercial Ops
By John Lee. The Iraqi Government has announced that commercial operations have begun at the "Al-Kaytan Falcon Cement Plant" in Basra. According to a government tweet, the project cost $43.7 million to build, has a production capacity of a million tonnes annually, and created more than 250 new jobs. Falcon is a cement brand owned […]
Empire World "On Track" for 2017 Completion
The vast Empire World real estate development -- the largest such development in Iraq -- is a centerpiece of the KRG's continued emphasis on creating a business friendly environment, including a luxury hotel, a villa residential neighborhood, and a surfeit of turnkey office space, all in one sprawling complex. Slated for completion in 2017, the […]
Another Kurdistan Success for the MEA
The UK's Middle East Association in association with British Expertise took a highly successful trade mission to Iraqi Kurdistan from 22nd-27th February, visiting Erbil and Slemani. Comprising 16 delegates representing 14 companies, it was supported by the Kurdistan Regional Government and was received warmly at the highest level. The packed programme included meetings with the […]
Basra Approves Another 1857 Housing Units
Basra Investment Commission has approved a project to build 1857 housing units in the Rabet Kabir area. According to AKnews, the investment is valued at $108 million, while Aswat al-Iraq puts the figure at $250 million. An Iraqi company called Falcon is leading the project. The 90 four-storey buildings will accomodate 1440 flats with an […]