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The political tension between Baghdad and Irbil over the latter's attempt to strive for an independent state has not discouraged the largest Lebanese company operating in the Kurdistan region of Iraq from pursuing its investments there. Malia Group's chairman, prominent businessman Jacque Sarraf, has maintained his unshaken optimism about the future of his interests in the Kurdistan region despite recent political upheaval.Malia Group has a five-star Rotana Hotel and a 180-room apartment building in Irbil, the capital of Iraq's Kurdistan region.Malia Group also has a distribution company and a technology firm in the Kurdistan region.Sarraf added that in his view, the main problem between Irbil and Baghdad is the financial issue. He pointed out that according to the constitution, the Kurdistan region should receive 17 percent of the total budget of Iraq.
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