By John Lee. IQ Networks, a wholesale internet provider based in Sulaymaniya, expects to open a $100-million (120-billion-Iraqi-dinar) broadband cable from Turkey to Iraq's Gulf coast by the end of this year. Reuters reports that, after spending an extra $30 million to replace lines and equipment overrun by Islamic State (IS, ISIS, ISIL), the company […]
A cooperation agreement has been signed with the Acıbadem Healthcare Group towards the management and operations of the Medical City complex, established by the Faruk Group to provide modern healthcare services. As per the agreement made by Faruk Mustafa Rasool, Chairman of the Board of Faruk Group, and Mr Mehmet Ali Aydınlar, Chairman of the […]
By John Lee. The German company Gebr Pfeiffer has received another order from China-based Sinoma (Suzhou) Construction Co Ltd for a cement raw material grinding mill in Sulaymaniya. According to a report from Global Cement, the "MPS 5000 B" vertical roller mill has a capacity of 500tph at a product fineness of 10 per cent […]
By John Lee. Sulaymaniya's general directorate of investment has said that a local company called 'Mario' is building an automobile factory on a 22 hectare (90 donum) site. The company will initially import parts from China and assemble them at the new plant; at a later stage the factory will also make the parts itself, […]
KRG's Ministry of Agriculture and Water Resources has signed a contract to build a dam in the Qaradakh parish of Sulaimaniya, reports AKnews. The Chami Smora project will cost 6.96 billion IQD (approx. $5.9 million), and the companies Birkar and Zhina Gharib have undertaken to complete it within 820 days. The dam will be 20 meters […]
A 3,000 acre industrial town is to be built in the Arbat district of Sulaymaniyah Governorate, according to a report from AKnews. Sulaymaniyah Investment Commission met with a number of private companies this week to discuss the master plan for "The Industrial Town of Arbat District", which will involve an initial investment of $3 billion […]
Iraq's second largest museum in Sulaimaniya is recovering stolen artifacts by paying smugglers to return the treasures, as CNN reports: (Source: CNN)
Once the farms around the city of Sulaymaniyah provided all of the fruit and vegetables locals needed. Now climate change, pollution and illegal dumping in local waterways are forcing farmers out. “We can no longer grow vegetables here, that time has come to an end,” lamented farmer Mohammed Aziz. “The water is so dirty that […]
Faruk Group Holding, a group of companies with a diversified range of interests including telecommunications, cement manufacturing, hotels, medical services, properties, construction and IT, recently announced the upcoming launch of the first international boutique hotel, Copthorne Hotel, Baranan in Sulaymaniyah, Iraq. The Copthorne Hotel Baranan is a four-star hotel located in the tourist district of […]
Hundreds of protesters inspired by unrest around the Arab world took to the streets of the northern Iraqi city of Sulaimaniya on Sunday and at least 48 people were injured, according to Reuters. Associated Press reports at least one person killed overnight. A source told Iraq Business News that a massive demonstration is planned for […]
Sinoma (Suzhou) Construction Company, a subsidiary of the Chinese Sinoma International Engineering, has signed a $112.5-million deal with Iraq-based investment firm Mass Iraq for the construction of a cement plant. Both parties will build a cement plant with an annual capacity of 5,300 tons per day in Sulaymaniyah. The scope of the deal includes the […]
Overview Levels of violence fell in Iraq last week for the third week in a row. However, conditions have started to deteriorate once again with a rise in attacks since Sunday, particularly in the central provinces and Baghdad. The number of terrorist attacks is likely to increase further over the coming days, despite numerous police […]
