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.
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.
Joe Faddoul, Chairman of BML Istisharat
We have been doing this for the last 42 years. The client base includes Fortune 500 names like Citibank, Société Générale, Banque Populaire, Swiss Life, Gazprombank etc. The software is up and running in 33 countries spanning from the US, to Europe, Africa, the Middle East and recently South East Asia.
BML Istisharat’s core banking applications are one of the highest rated in the industry. Recently, the company added a new Java layer and new functions for Islamic banking, making it the core banking solution of choice for Islamic banks and industrial and manufacturing SMEs.
BML Istisharat’s core banking solution software and application are one of the best core banking solutions available in the market. BML’s Core Banking Solution is a flexible core and retail banking solution for banks that seek the market leadership with heavy customer focus.
BML Istisharat — a leading provider of core banking software solutions and applications — has recently expanded to Malaysia. This year, the core banking provider is planning to enter Indonesia. The strategy is to provide the best core banking software solutions in the region.
BML Istisharat offers the most comprehensive set of end-to-end core insurance solutions, applications, and software on the market today. BML Istisharat’s insurance solution offers an integrated approach for banks and insurance companies to seamlessly integrate the core banking and core insurance software into one.
Paddy Padmanathan, President and CEO of ACWA Power
The tariff difference between our tender and the next bidder across the board seems to be in the order of about an average of 20%. In practice it means: on one transaction buying 4,000 megawatts for 20 years on a 20-year fixed-price contract in this instance at 24% tariff difference between our tender and the next bidder. That is about $1.2 billion. In effect, that is $1.2 billion of saving to the national economy of Saudi Arabia.
Abdullah Alomran, CEO of Riyadh International Convention and Exhibition Centre (RICEC)
According to statistics from SCTA, which is the tourism authority here, the Riyadh International Convention and Exhibition Centre´s share of the total MICE visitors is 10%. Therefore 10% of the visitors coming to Saudi Arabia for MICE purposes have visited the Exhibition Centre here in Riyadh.
Hussain A. Al-Nafisi, CEO of Absal Steel
Our previous policy to become self-sufficient in wheat resulted in extremely high consumption of available water resources. Subsequently the Government has taken steps to phase out wheat cultivation by 2016.
