Tag Archives | Falcon

Prominent Iraqi Business Leader Killed in Iran Attack

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 […]

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 […]

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 […]