imported 2024-03-17 17:43:07
According to Abdul-Rahman, “There are many reasons for the establishment of the market in Erbil. One of these reasons is that people save big amounts of their money at home because of what happened during the past regime time when banks’ managements were withdrawn from Iraqi Kurdistan taking people money with them, so a lot of people today don’t trust banks enough to deposit their money at.”
It has long been an idea to establish a capital market in Erbil. The ball began rolling in 2007 when Prime Minister of Iraqi Kurdistan, Nechirvan Barazani, mandated to study the possibility of establishing another capital market besides the Iraq Stock Exchange.
Jorge Eduardo Baldi, Exploration Manager at Repsol explains that key to doing business in Iraq is to find the right contractor and at the same time is it is hardest thing to achieve.
Jorge Eduardo Baldi, Exploration Manager at Repsol shares his insights into doing business in Iraqi Kurdistan and especially dealing with Iraqi and Kurdish companies.
Empire World’s Marriott Hotel will be a unique hotel catering for needs of all visitors of Erbil, including business travelers. Peshraw Majid Agha has a positive outlook for the real estate in Erbil, which is now one of the most important cities in Iraq for businesses. The prices in Erbil are increasing and investments are flowing into the region at a substantial rate. Peshraw Majid Agha also discusses the other divisions of Falcon Group: Falcon Oil & Gas and Falcon Security.
Nozad Dawood Fattah Al-Jaff, Chairman of North Bank, largest private bank in Iraq talks about the strategy to maintain the position of market leader. North Bank is the largest bank in the private banking market in terms of market capitalisation and asset.
Iraq and Iraqi Kurdistan Videos
North Bank: “Double Digit Growth in 2013 and 2014” says Al-Jaff
In 2014 North Bank will outperform the banking sector. Nozad Dawood Fattah Al-Jaff, Chairman of North Bank, largest private bank in Iraq gives the latest update on North Bank’s financial performance, profitability, returns on assets and equity.
Iraq and Iraqi Kurdistan Videos
Banking Sector in Iraq 2014: Outlook
The head of the largest private bank in Iraq shares his outlook for the banking sector in Iraq for 2014.
Ultimately, the strategy for Falcon Group is to provide an integrated set of services for international oil companies. Starting from security, catering, accommodation, offices to warehousing and equipment rental.
Falcon Security was established in 2003 as one of the first companies to be registered not only in Iraq but also as a local company. Falcon Security, a part of Falcon Group, is currently employing 540 local people and about 75 expats. Their main business is in the oil service; providing security services for the executives and employees as they move back and forth to the oil fields. Falcon Security operates all over Iraq; from Basra to Baghdad to Kirkuk to Erbil.
