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FMC Pharmaceutical is a newly developed pharmaceutical company that procures locally available foreign branded generic medicines and general consumables for Faruk Medical City. FMC Pharmaceutical has plans to import medications in the future and not rely solely on the local market.
The Pharmaceutical's general consumables include medical machines, instruments and tools to conduct daily medical procedures. The consumables mostly come from well known cities like Sulaimani and Erbil, a small quantity comes from Turkey.
The volume of work for the last five months was one million USD values of commodities sold to FMC (600,000 USD for medications and 400,000 USD for consumables) as well as $500,000 medical equipment and medical services.
One of FMC Pharmaceutical's objectives is to provide the region with international equipment in the future and to position itself in the market as the main distributor for international brands which the Kurdistan region is currently lacking. Selling exclusive medication to the region is also one of FMC Pharmaceutical's biggest goals.
FMC Pharmaceutical's future plan is to go beyond supplying for Faruk Medical City. The company strives to extend its presence to other hospitals, clinics, and companies while maintaining the same level of quality. FMC Pharmaceutical is headquartered in Sulaimani, Kurdistan, Iraq.
Bakrajo Gate is an elegant commercial development by Faruk Real Estate, located in the city of Sulaimani. The stunning 30 floor building, with modern amenities will inspire many young business men and women. In addition, the Bakrajo Gate project will consist of 5 buildings each 12-16 floors, restaurant, cafe, swimming pool, and sporting facilities. The beautiful green garden, along with its water fountains, will attract many groups of people.
Kurd Towers is a deluxe commercial and residential development by Faruk Real Estate, beautifully located in the downtown of Sulaimani. The sleek 35 floor buildings, in addition to six underground floors, with modern amenities, will bring a new sophistication and quality to the residential and business market. Kurd Towers will contribute to economic development and provide many employment opportunities. The towers will rise 175 meters, making it the tallest towers in the Kurdistan Region and Iraq. Boasting stunning views, the two high rise towers will indeed change the face of Sulaimani city.
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Faruk Holding (FH) is comprised of 27 companies operating across 12 separate sectors vital to Iraq's reconstruction: telecommunication & IT, cement, construction, industry, energy, development, medical services, hospitality, real estate, project management, commerce and trade, and agriculture.
FH was incorporated as a holding company, controlling the shares and companies owned by Chairman of the Board, Faruk Mustafa Rasool, in 2008. Since its establishment, FH has continually been a champion of positive development inside Iraq in both social and economic sectors.
ERBIL, Kurdistan Region - A multimillion dollar industrial compound for manufacturing sandwich panels and Aluminum extrusion has been opened in the city of Sulaimani and its owner calls on government officials to work with businessmen to help boost the region's economy and industrial sector.
"Such projects have no immediate profits, therefore we need patience in the beginning,” said Faruk Mustafa, chairman of the Fruk Holding who owns IRALEX Industrial Compound."This project is an important framework to bolster the economy for the future. As businessmen we do this work and politicians should imitate us and help develop the economy."
Mustafa added that this industrial complex is the first of its kind in Iraq and it provides job opportunities for many people.
IRALEX Industrial Compound was built on 342,000 square meters at the cost of $75 million.
IRALEX offers its clients a wide range of services and production capabilities.
According to their website, located in Arbat in the outskirts of Sulaimani, IRALEX, “is designed to become a large industrial support compound, featuring several industrial production units of the most advanced international technology to assist various industrial functions across the nation. The company is currently valued at around USD75,000,000 and employs around 100 skilled professionals.”
Sulaimani officials hope that this project will link the Kurdistan Region to the world market.
Faruk Holding is comprised of 27 companies operating across 12 separate sectors vital to Iraq's reconstruction: telecommunication & IT, cement, construction, industry, energy, development, medical services, hospitality, real estate, project management, commerce and trade, and agriculture.
Earlier this month the Kurdistan Region’s Ministry of Natural Resources (MNR) invited local and international companies to explore and invest in the Region’s mining sector and untapped mineral resources which one businessman believes will supply local manufacturers with much needed raw material.
“Investment in minerals will bring raw materials to Kurdistan for those working in this industry and since we have those resources it’s better that we invest in and extract them as we have to do that anyway,” Omer Darwesh, a businessman trading in steel and iron told Rudaw.
As part of reforming its financial sector and find alternative sources of revenue other than oil and gas the Kurdish government has vowed to revive the agriculture, tourism and industrial sector.
The Ministry of Industry and Minerals Council of Ministers endorsed the decision to cut residential land to the staff of the General Company for Iron and Steel sale
The Ministry of Industry and Minerals announced the General Secretariat of the Council of Ministers approval of the decision to cut residential land to the staff of the General Company for Iron and selling steel one of the Ministry of Industry companies and Alamaadn.oukal director of the information center and public relations at the ministry's headquarters Abdul Wahid Alwan al-Shammari said Council Wazzrara Orteurbgelsth usual twenty-fourth session held on 21 / 6/2016 residential plots sale to employees of the listed company of people with diseases of cancer and the families of deceased due to the disease itself an exception to the bidding procedures and make sure that after the Ministry of Industry and minerals of the buyout diseases referred to under the medical reports fundamentalism.
State Company for Iraqi Cement achieved a major development in the production and sales levels for the five months
State Company for Iraqi Cement achieved a major development in the production and sales level of the first of this year, five months after the merger and the issuance of decisions to control the quality of imported cement
State Company for Iraqi Cement has achieved one of the Ministry of Industry and Minerals great development in production and the level of sales during the first five months of this year compared with last year, He explained the Director of the Media Center at the Ministry Abdul Wahid al-Shammari that this development is the result of the plans and the correct software developed by Industry Minister Mohamed Darraji and his tireless efforts for the advancement of the cement industry in Iraq marked by the integration of the southern and northern and Iraqi cement companies and one company and the issuance of cabinet decisions prohibiting import of cement material and control the quality of cement and prevent the entry of donations and gifts of cement imported all kinds and his charges, along with successful procedures followed by the company in its marketing through cuts and discounts in the sales prices as well as state support in terms of reducing the selling price of black oil supplier of furnaces and power plants which, noting that the company's sales for the first five of this year for the month amounted to (747,547 tons) worth 71 billion dinars and by the development amounted to 126% Maaneks positively on the level of financial performance which .ofatt Shammari said the company after the completion of the merger adopted a new marketing policy to increase sales and provide liquidity and conducted reductions in selling prices by 10% for the families of the martyrs of the armed forces and the crowd and folk reduce the amount of (2000) dinars per ton when direct sales to citizens when cutting the amount of 50 tons at once, reducing the amount of (3000) dinars of the sales price per ton for the owners Alsteikr and concrete and Kashi coefficient when cutting the amount of 500 tons or more, as well as reduce the amount of (5000) dinars price sales per ton to support implemented in the provinces of projects when you drag the amount of 3,000 tons and above, along with the continuation of the discount granted to agents selling cement product in the company's exclusively by 10%, adding that the company continues through the committees where the follow-up patrol to monitor cases and irregularities that may occur at border crossing points on the application of decisions of the cabinet and the customs tariff and the protection of the national product and in cooperation with the General Directorate of border ports, and the bodies of customs, stressing Shammari company was willing and cooperation with all public and private laboratories for the processing of the liberated areas of the organization Daash terrorist in the quantities of cement at affordable rates to contribute to the reconstruction campaigns reconstruction in those areas, revealing studied plan to invest all the company's plants in order to turn them into productive plants, according to the central decision-free economic policy.
General Company Electronic Systems announced that one of the Ministry of Industry and Minerals for a number of works carried out for the benefit of state institutions during the current month Dzeran with unveiled its initiative to donate blood in support of wounded armed forces and the crowd popular Alabtal.waodh director of the Media Center at the Ministry Abdul Wahid al-Shammari that the company is equipped Agency Affairs Ministry of Interior police with different materials and chairs while the band seismic third equipped system Internet with a subscription for six months, adding that the company also is equipped Sadr power plant calibrate transmitters and carried out maintenance work equipment belonging to the company public Euphrates and the training of the power station, indicating that the software Directorate the company signed a number of licensing contracts with the Ministry of companies with respect to systems of quality and salaries and warehouse control and accounting system and the system of Sergeant in addition to the license contract in favor of the National Center for Engineering Consultancy of the Ministry of Construction and Housing and municipalities. as revealed Shammari from the company the initiative and contact Bank of blood to carry out a campaign to donate blood effective participation of its members in support of our wounded from the sons of the armed forces and the crowd folk heroes in the war against terrorism.
Posted By: Site Manager | Date: 29-06-2016 |
General Company for Petrochemical Industries organizes training courses for its members on various disciplines
General Company for Petrochemical Industries of the Ministry of Industry and Minerals has organized training sessions for its members on various disciplines and professions in the petrochemical factory and paper Albesrh.oukal Director of Information Center and Public Relations at the Ministry Abdul Wahid al-Shammari, said the sessions set up by the company, including three in petrochemicals included several terms of reference, including in the field of production nitrogen, and the basics of fire, and the cycle (Siemens) for the presentation of the project CP2 company Linda German, while there were two courses in the paper Basra factory on the analysis of incoming raw materials in the production cycle again assess the pulp and the study of the physical properties, that have participated in the sessions of both manufacturers prepare mixed associate and periods that Astgrguetha.mn other hand, Al-Shammari said that British John Brown and since the beginning of this year continue its work Reconstruction mechanical parts of the power plant at the company that run on natural gas, adding that the company Ibn Al Waleed public one of the ministry companies are those that took its share of this business, where the works of reconstruction systems, electrical control of the station, indicating if the plant was repairing the entire'll be ready to work to run again to operate the service in supplying the national grid as well as feed the company's plants, reflective or entry into service in the event of natural gas to provide them. In a sign that the plant contributes to the achievement of the economic feasibility of the company through the sale of electricity to the national grid as well as providing valuable laboratories of power consumption.
Posted By: Site Manager | Date: 29-06-2016 |
General Company for the design and implementation of projects achieved completion rates advanced in the project of establishing the industrial city in Dhi Qar
General Company for design achieved and the implementation of the Ministry of Industry and Minerals projects achieved advanced achievement in the construction of the industrial city in Dhi Qar up to more than 80% in the implementation of the second phase ratios, said Director of the Information Center and Public Relations at the Ministry of Industry and Minerals Abdul Wahid Alwan Shamari that the company has completed more 80% in the implementation of the second phase where the work included the establishment of a unit of water filter and construction of roads and modern buildings include bank and building workshop for civil Defence, restaurant and workshop Transport and the creation of networks of water and sewer for rain water and network power supply and lighting, mobile unit for wastewater treatment plants, as well as pumping station rainwater. It is noteworthy that the first phase includes the construction of a building were to bunk management and the establishment of a fence along the industrial city 3 km and the main gateway to the city of Foreign queries and networks of electricity, telephone and water networks and sewage systems and the establishment of the water tank
Posted By: Site Manager | Date: 29-06-2016 |
Visit the committee charged with following up the displaced Salahuddin province Affairs for providing vocabulary
It announced the Ministry of Commerce for a commission charged with following up the affairs of displaced people visited Salahuddin province , for standing on the provision of the ration card items urgently to the displaced families.
He confirmed that Hussein Farhan cream Director General of Planning and Follow-up Department, adding that the implementation of the directives of the Minister of Commerce, Dr. Salman al-Jumaili committee in charge and of the Director General of the General Company for Trade of food and general manager of planning and follow-up visited Salahuddin province, and throw the governor and hold a joint news conference.
He said, adding that he has been visiting food stores and branch Supply and diagnose the damage left by the terrorist organization Daash where the Commission to take urgent decisions by providing mechanisms and the creation of the stores to receive these materials.
He pointed out that the data was the displaced province to get to the real number for the purpose of equipping and under the supervision of a field and follow-up by Undersecretary older Walid Habib al-Musawi, who instructed directly and urgently take all means and measures that will speed up the provision of ration card items to displaced families
For his part, he praised the governor of Salahuddin province during the press conference, the role of the ministry and their interaction and their quick response to provide vocabulary urgently by sending a high-level committee in the ministry to carry out that task also promised to extend a helping hand by the provincial ministry to be able to carry out its mission entrusted to it.
Posted By: Site Manager | Date: 29-06-2016 |
Trade .. suffer from the weakness of the financial allocations and the displaced file needs to be a national and international effort
Ministry of Commerce announced the lack of financial and customizations for the supply of food vocabulary of citizens because of the financial crisis gripping the region and the world as well as the lack of funds allocated in previous years
The ministry said in a statement quoted by its press office that the ministry is exposed to a campaign widely criticized some of them arrived at the accusation and defamation as a result of the instability of food vocabulary processing in accordance with the support of the displaced families in the camps and residential complexes mechanism without being recognized by critics of the Ministry of the difficulties faced by far, for the signing of contracts for supplying the ration card and delusional vocabulary the weakness of the financial allocations and the lack of access on a regular basis to the trade Bank of Iraq, which is causing confusion in the signing of contracts and the delay in processing.
The statement noted that the Commerce Department relies on money received from Finance for the purpose of contracting operations and delayed the arrival of these funds is the main problem is added to the problems related to scrap exceptions to the ministry as part of the reform plan under which it was granted the ministry the power to contract directly without the work of government contracts mechanism that go through many stages require a longer time spans to two or three months to complete and sign a contract for a single article.
The statement stressed that the unjust campaign exposed the ministry either through accusations malicious or for the purpose of political miscarriage without these actors realize the suffering faced by the special ministry in the file processing and signature as well as the displaced file which needs to be a national effort and international due to the size of the need for money is no longer available the ministry in the light of the difficult economic conditions and the state went to confront terrorism and to buy weapons and build the army and security services.
Met with Iraq's ambassador to Finland, Dr. unprecedented net Seventh Day June 28, 2016, Vice Chairman of the Foreign Relations Committee in the Finnish Parliament, Mr. Bertie Salolainin in the parliament building in the capital, Helsinki.
The two sides discussed during the meeting, bilateral relations and ways of developing them to serve the interests of the two friendly peoples.
Mr. Ambassador and reviewed during the meeting, the victories achieved by the security forces and the popular crowd and the Peshmerga and the sons of the tribes on Daash gangs and edit the areas that were under the control of those terrorist groups.
He called unprecedented Sabti Finnish side to increase the security and intelligence cooperation in the exchange of information and training of Iraqi security forces, praising the role of the Finnish troops in the training of the Iraqi armed forces.
The Ambassador stressed the importance of supporting Iraq Finland drawers seven archaeological sites on the World Heritage List as Finland, a member of the World Heritage Committee, which will hold its fortieth session in Istanbul next month.
Iraq's ambassador to Iraq, Serbia, Dr. Hassan Qassem Askar met on June 28, 2016 President of the Serbian Parliament Ms. Maya Kojkovaj in the parliament building in the capital, Belgrade.
The two sides discussed during the meeting, bilateral relations and ways of enhancing them to serve the interest of both countries and the possibility of activating the work of the Parliamentary Friendship Committee.
Mr. Ambassador and accept the victories achieved by the security forces and the popular crowd and the Peshmerga and the sons of the tribes on Daash gangs and edit the areas that were under the control of those terrorist groups.
For its part promised to head the Serbian parliament to provide possible support for the development of bilateral relations and activate the work of the parliamentary friendship after the formation of the new Serbian government.
The Supreme Judicial Council held a brief summary of today's morning 29.6.2016 its eighth year in 2016, and discussed a number of issues on its agenda.
The Council decided to upgrade (10) judges to the items that follow the current Snovhm, and discussed the transfer of a number of judges and public prosecutors requests and took the legal decisions in question.
The Board approved the formation of the judicial bodies in the appellate areas, Bmnasptha has two judges promoted to the position of Vice President for the purpose of resuming coverage of this judicial formations.
The Council reviewed the judicial process in the presidencies of the appeal courts in the provinces, and to develop treatments that speed up the resolution of lawsuits, especially pertaining to the detainees and the efforts of exceptional.
Minister of Finance signed a memorandum of understanding with the US ambassador on the implementation of the military to ease credit financing of its external FMF Agreement
In the context of the evolving bilateral relations between Iraq and the United States, in light of the strategic framework agreement , which covers various aspects of relations between the two countries , Mr. Hoshyar Zebari, Minister of Finance and Mr. Stuart Jones Ambassador of the United States signed this day , June 29, 2016, a memorandum ofCooperation between the two sides spend to provide credit facilities to the Government of Iraq in the amount of 2.7 to two billion and seven hundred million dollars to facilitate the purchase of military equipment within the Foreign Military Financing for ground, air, naval and equipment with advanced technologies and advanced technology program contributes significantly to the promotion of the military capability of the armed forces so that they can win the victory in the war on terrorism and terrorist entity Daash and edit all areas of Iraq from the clutches.
This financial support comes within the efforts of the Government of Iraq to get financial support from international financial institutions and friendly countries to meet the challenges of the financial and economic crisis that has plagued Iraq at the present time.
Under this credit facility government allocates US $ 200 for the Peshmerga forces million in order to assist them in carrying out their duties, and the government is committed to using public money to continue to support and expand the successes of the popular crowd program, this program will be based payment mechanisms on credit with soft terms and repayment periods suitable
Abtan .. constitute an investigative committee to find out the reasons for delaying the operation of two "jumbo"
He instructed the Minister of Transport and agency professor Abdul-Hussein Abtan, on Tuesday, the formation of an investigative committee to find out the reasons for delaying the operation of two (jumbo) owned Iraqi Airways. The planes suffer from frequent technical problems and faults ....
It did not take any action it. It is the Minister of Transport several measures intended to put the company on track to improving their performance service for travelers.
The technical staff of the Department of Naval Shipyards return to Iraqi ports to rehabilitate Alrvasat system of tug Shaimaa instead of buying a new Rvasat of global markets and that the state treasury will cost large sums of money in hard currency ....
The efforts of an exceptional unit Alrvasat in the section mentioned the other hand are still technical cadres are for maintenance of the tug of Kirkuk , where the start of the day painted and rehabilitation of its structure after the completion of maintenance Rvasha This is the approach taken by the administration of the new Iraqi ports to rely on the potential of the company 's expertise.
Minister of Transport and agency professor Abdul-Hussein Abtan form an investigative committee for a chartered plane for the benefit of Iraqi Airways to transport passengers on Europe line. The aim of sovereignty of this procedure to find out what ails the plane of the technical and administrative problems and ways to develop appropriate solutions to them ...
And a commitment to the times set for the airline, which enhances the name and reputation of Iraqi Airways in the air transport sector.