ERBIL // Erbil is fast developing as the gateway to the rest of Iraq.
Q&A: Is Erbil a good place to do business in Iraq?
Last Updated: May 16, 2011
Is Erbil safe? As Kurdistan has its own government, Erbil has remained relatively stable and sheltered from the conflict and terrorist attacks further south in Iraq. But areas including Kirkuk and the Turkish and Iranian borders are considered unsafe. The Foreign and Commonwealth Office advises against all travel to Baghdad.
Which airlines fly into Erbil? From the UAE, Etihad and flydubai offer flights between Abu Dhabi and Dubai respectively to Erbil. Lufthansa also flies to Erbil.
Where can I conduct my meetings? The lobbies of the recently-opened Erbil Rotana and the Erbil International Hotel, commonly referred to as the "Sheraton", are two of the most common meeting points in the city. The five-star Rotana is located near the airport, while the Erbil International Hotel is situated in town.
Where's a good place to relax at the end of the day? The Ankawa area is a laid-back suburb of Erbil. It is a Christian area with several churches, and a number of small restaurants and bars, and cafes serving Turkish coffee and shisha. It's a short taxi ride from town. Taxis are reasonably priced and readily available. The Iraqi dinar are the official currency, but US dollars are widely accepted around the city.
Modern buildings are springing up around the capital of Iraqi Kurdistan and international names are moving in.
But the area at the foot of the ancient Citadel is still the centre of everyday life. Erbil has an array of small shops and a large bazaar, selling goods including trinkets and mobile phones.
Erbil also feels very safe. The pace of life is relaxed and locals are extremely welcoming to foreigners.
Companies that already have a presence in the city include Ernst & Young and Standard Chartered. Other companies, including international hotel brands, are heading to the city.
Agriculture and energy are the main industries driving investment and development in Kurdistan. As a result, infrastructure and amenities are developing rapidly.
Construction is taking place all around the city. Power cuts are less frequent than they once were but it is still common to be plunged into sudden darkness when sitting in a small cafe or restaurant.
Several modern shopping centres are under development and plans to open a Carrefour supermarket in the city is the cause of much anticipation among locals.
A couple of new modern malls have opened recently, including Family Mall, where international brands including Ecco, Timberland and Samsonite can be found, along with a small indoor skating rink and an outdoor amusement park. Another shopping centre in Erbil is the Majidi Mall, which also has a selection of international brands. These malls are becoming increasingly popular places for the locals to hang out. More airlines are flying into the city and a new airport has opened, with the increase in air capacity expected to facilitate further growth.
The quality of hotels available is also fast improving as more business travellers head to Erbil.
Top 5: Hotels in Erbil
1 Erbil Rotana.
2 Sun Hills hotel.
3 Erbil International Hotel.
4 Motel Panda.
5 Hotel Monaco Palace.
The Erbil Rotana opened in December and Millennium & Copthorne has recently taken over the management of the Erbil International Hotel.
A multimillion-dollar refurbishment of the property is planned.
The Quote: "We have stability. We have security. Companies should come here and set up. We have good infrastructure." Omer Fattah Hussain, the former deputy prime minister of the Kurdistan regional government.
rbundhun@thenational.ae
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MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
UAE SQUAD
Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani
Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Salem Rashid, Mohammed Al Attas, Alhassan Saleh
Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Yahya Nader, Ahmed Barman, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah, Yahya Al Ghassani
Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
ICC Awards for 2021
MEN
Cricketer of the Year – Shaheen Afridi (Pakistan)
T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)
ODI Cricketer of the Year – Babar Azam (Pakistan)
Test Cricketer of the Year – Joe Root (England)
WOMEN
Cricketer of the Year – Smriti Mandhana (India)
ODI Cricketer of the Year – Lizelle Lee (South Africa)
T20 Cricketer of the Year – Tammy Beaumont (England)
The specs
Engine: 6.2-litre V8
Transmission: seven-speed auto
Power: 420 bhp
Torque: 624Nm
Price: from Dh293,200
On sale: now
Mohammed bin Zayed Majlis
Alita: Battle Angel
Director: Robert Rodriguez
Stars: Rosa Salazar, Christoph Waltz, Keean Johnson
Four stars
UAE currency: the story behind the money in your pockets
About Karol Nawrocki
• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.
• Met Donald Trump at the White House and received his backing.
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
UAE currency: the story behind the money in your pockets
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
The most expensive investment mistake you will ever make
When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.
“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.
This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).
Age
|
$250 a month
|
$500 a month
|
$1,000 a month
|
25
|
$640,829
|
$1,281,657
|
$2,563,315
|
35
|
$303,219
|
$606,439
|
$1,212,877
|
45
|
$131,596
|
$263,191
|
$526,382
|
55
|
$44,351
|
$88,702
|
$177,403
|
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures