Emaar Properties has revealed that its Erbil Project in Iraq has been halted following fighting in the area, Emaar Chairman Mohamed Alabbar said in an interview in Dubai, according to Bloomberg.

On a separate note, the Chairman described the notice of an INR 86 billion ($1.4 billion) as ‘nonsense’.

He also revealed that Emaar’s operations in India were “very positive”. Moreover, no banks have been hired yet for the Dubai-based Group’s planned initial public offering (IPO) of its hotels unit.