Marcopolis

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

pmatay@marcopolis.net (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.

Iraqi Kurdistan Economic Report 2016: Kurdistan's Great Recession

pmatay@marcopolis.net (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.

Iraq’s Falcon Group New CSR Program to Help the Country

pmatay@marcopolis.net (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.

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

editor@marcopolis.net (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.