Kuwait calls on countries participating in the conference to rebuild Iraq to fulfill their obligations

[yota691]

The delegation of the Kurdistan Region of Kuwait announce its work program prior to his departure  

 

 Twilight News    
 8 hours ago

The delegation of the Kurdistan Region, which will participate in the conference for the reconstruction of liberated areas in Iraq, said on Saturday that he will invite countries and companies that will participate in the conference to invest in the provinces of the region.

The minister of reconstruction and housing in the Kurdistan Regional Government Derbaz Kuzert told reporters before leaving the delegation to Kuwait, that the delegation will participate in the conference, stressing that the Peshmerga forces had a role in ending the organization and supported by the support of citizens and the Kurdistan Regional Government.

He added that the region has a financial crisis to cut the federal government budget on us, but that we have received displaced people from all regions of Iraq and thank the people and government of Kurdistan for hospitality.

Kusert said that 70 countries, and more than 750 companies will participate in the conference, and as everyone knows that the Kurdistan Region is rich in resources and enjoy security and stability, and this is a huge investment, saying that he will call those countries and companies to invest in Iraq.

Keywords: 
 

[yota691]

Tomorrow .. Kuwait embraces Iraq’s largest reconstruction project in the region

By

 rami

 -

February 11, 2018

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Kuwait is expected to receive large offers to complete the projects prepared by the Iraqi government in the liberated provinces and other provinces where development opportunities have been blocked because of the war on terrorism.
“More than 2,000 companies and businessmen will participate in the conference, where Iraqi officials will present their huge project,” said Kuwaiti Deputy Foreign Minister Khalid al-Jarallah.
“The first day will be dedicated to the institutions of society, while the second day will be devoted entirely to the private sector, while the last day will be the announcement of the financial contributions of the participating countries.”
“The task is enormous,” said Peter Hawkins, the UNICEF representative in Iraq. “If everyone focuses on Mosul, the country’s second largest city, the capital of the so-called” caliphate “of ISIS, Historical hill of rubble, we must not forget that other provinces such as Anbar, Diyala and Salahuddin also suffered from wars. ”
“Housing is the main element, because 19 percent of the total destruction of the country has taken place in this sector, so more than 2.6 million people are still displaced,” said Irfan Ali, director of the United Nations Housing Program in Iraq.
“At a time when the war was going on northward, the south of the country was spending huge cuts in the budget,” Hawkins said. “There are some schools that take students two or three times a day.”
In order to build, rehabilitate and stimulate “economic growth and services,” Hawkins said, the private sector should be attracted to Iraqis, who have almost one-quarter of them less than $ 2 a day, access to health, education, social security and water resources.

[Synopsis]

11 hours ago, yota691 said:

Kusert said that 70 countries, and more than 750 companies will participate in the conference, and as everyone knows that the Kurdistan Region is rich in resources and enjoy security and stability, and this is a huge investment, saying that he will call those countries and companies to invest in Iraq.

 

GM, Yota, AND Thank You for all Your hard work and dedication bringing over all these Great Articles!!! 

 

The Fruits Of Your Labor Are Much Appreciated AND Prolific Emeralds, er, Gems!!! 

 

We'll see what the Kuwaiti Donor Conference produces. I suspect the best thing for the US was to announce no donations to Iraq. This will likely push Iraq to an international economic partner where Iraq has to go from a "closed economy" with week day currency auctions to an "open economy" without the week day currency auctions to a real time exchange with an internationally traded IQD. If the "Donor" practices continue, then no real progress progress can be made with "international Investment". I do not think all these companies are lining up at the Kuwaiti Donor Conference to be a "Donor" since I suspect they all will be interested solely in "international investment."

 

Just my opinion, thoughts, and 

 

Go Moola Nova!

[Shelley]

World Bank Investors: There are no opportunities in the world like Iraq

Release date: 2018/2/11 20:49 • 400 times read

[Oan- follow - up] 
urged the International Finance Corporation, the World Bank 's support arm of the private sector, international companies on Sunday to overcome concerns about the financing of reconstruction in Iraq and to take advantage of investment opportunities that generate high returns there are projects.

"I do not think that anywhere in the world there is such a thing," said Ziad Badr, head of the International Finance Corporation's mission in Iraq, in a speech at the Kuwait Chamber of Commerce and Industry ahead of the Iraq reconstruction conference on Monday as the country emerged from a devastating three-year war. Opportunities of investment, "and hit the example of a Lebanese company to achieve a return of 24 percent of its share in a luxury hotel in Erbil, Kurdistan region. 
He added that IFC had investments of about $ 1.2 billion in various projects in Iraq, including banks, cement factories and telecommunications companies, and was preparing to announce an investment of $ 250 million in a telecommunications project.
Last week, the Iraqi National Investment Commission published a list of 157 projects that will seek to attract investment to the International Conference on Iraq Reconstruction from February 12-14, and the total cost of these projects is estimated at $ 100 billion. 
The projects include reconstruction of destroyed facilities such as Mosul airport and new investments to boost and diversify the economy away from dependence on oil sales, through the development of transport, agriculture and industries based on the country's energy wealth, including petrochemicals and oil refineries. 
The rebuilding of homes, hospitals, schools, roads, work and communications is an important process for providing employment for young people, ending the displacement of hundreds of thousands of citizens and closing the curtain on several decades of political and sectarian violence.
Sami al-Araji, chairman of the National Investment Authority, told a gathering at the Kuwait Chamber of Commerce that about 1900 people were registered to attend the conference, representing foreign governments, private companies and international organizations. 
"We are at a crossroads, the world is sympathetic with us, we have to take advantage of this opportunity, this opportunity is irreplaceable." 
He added that Baghdad is determined to eliminate "routine and corruption and other investment in some cases," in response to complaints from Kuwaiti companies on the difficulties hindering the practice of business in Iraq. 
A communications equipment supplier told the conference that he had waited six months for $ 5 million for work that had been completed for the Iraqi government. 
Iraq ranks 10th among the most corrupt countries in the world, according to Transparency International.

A US-led coalition supported Iraqi forces, especially in the battle to expel them from Mosul in July. 
Iraq re-opened its doors to foreign investment in 2003, but the vast majority of the billions of dollars invested were directed to increase the country's oil and natural gas production. 
Iraq, the second largest oil exporter in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, has a daily production of 4.4 million barrels.

[Floridian]

Sami al-Araji, chairman of the National Investment Authority, told a gathering at the Kuwait Chamber of Commerce that about 1900 people were registered to attend the conference, representing foreign governments, private companies and international organizations.
“We are at a crossroads, the world is sympathetic with us, we have to take advantage of this opportunity, this opportunity is irreplaceable.”

 

and then:

"A communications equipment supplier told the conference that he had waited six months for $ 5 million for work that had been completed for the Iraqi government.
Iraq ranks 10th among the most corrupt countries in the world, according to Transparency International."

[Laid Back]

We investors want to see the real market value of the Iraqi dinar.!

We investors want to see laws that protect our money

We investors don't trust the corrupted GOI

 

Go laws

Go dinar true value 

Go investment

Go development 

[NEPatriotsFan1]

8 hours ago, Synopsis said:

 

GM, Yota, AND Thank You for all Your hard work and dedication bringing over all these Great Articles!!! 

 

The Fruits Of Your Labor Are Much Appreciated AND Prolific Emeralds, er, Gems!!! 

 

We'll see what the Kuwaiti Donor Conference produces. I suspect the best thing for the US was to announce no donations to Iraq. This will likely push Iraq to an international economic partner where Iraq has to go from a "closed economy" with week day currency auctions to an "open economy" without the week day currency auctions to a real time exchange with an internationally traded IQD. If the "Donor" practices continue, then no real progress progress can be made with "international Investment". I do not think all these companies are lining up at the Kuwaiti Donor Conference to be a "Donor" since I suspect they all will be interested solely in "international investment."

 

Just my opinion, thoughts, and 

 

Go Moola Nova!

Hope you are right Synopsis, been very frustrating watching these fools as of late, play with the lives of their citizens while the country burns...... I wish that they could get their heads out of their @$$es just long enough for us to see a positive change in the value of their currency and their people get a taste of what higher purchasing power can do for their economy so that groups like isis and Malaki cannot get a foothold there anymore

[ChuckFinley]

Somebody better inform the investors that these guys can not even find their way as a one way street.  

[jcfrag]

For REAL????

"World Bank : Investors! There are no investments in the world like there is in Iraq. Please give all your money to thise fools so they will stop begging us for more!!!"

 

Edited February 11, 2018 by jcfrag

[Officiallytook]

This is critical, gotta believe times upon us now ... if they're telling the world fall back off Iraq...what will happen, with supplies already possed to be reducing the note count...would cause investors to back off aswell decreasing the note count...I just see this as the best news...and if Iraq wants to play they better make their minds up fast...

 

Kind of like trump calling them out yesterday or other day, I mean has to mean something and I like to only view things in a positive light...please forgive me lol

Edited February 11, 2018 by Officiallytook

[Synopsis]

2 hours ago, NEPatriotsFan1 said:

Hope you are right Synopsis, been very frustrating watching these fools as of late, play with the lives of their citizens while the country burns...... I wish that they could get their heads out of their @$$es just long enough for us to see a positive change in the value of their currency and their people get a taste of what higher purchasing power can do for their economy so that groups like isis and Malaki cannot get a foothold there anymore

 

I hear You, NEPatriotsFan1!!! 

 

As well possibly many others here at DV, You, 10 Years Later, and myself suspect a Cranial Rectal Extraction PRONTO for each and every one of these monkeys would benefit them as well as us speculative investors in the IQD!!!

 

              

 

Yep. Simple yet entirely effective.

 

When I got into this speculative investment with the IQD, there were people who had already been in this investment for seven long years. I specifically made that a consideration knowing this speculative investment with the IQD could be that long or longer for me before realizing a windfall - if ever. The one thing I also specifically considered is the viability of and geo political entities in, around, and pertaining to Iraq that could cancel out this investment. I don't think that will happen due to where Iraq is located strategically and the immense non oil natural resources and minerals. Too much geo political investment to turn back and not realize a gain on the original plan(s)/investment(s) with the Iraq economy and global trade potential.

 

I also specifically noted to self this speculative investment in the IQD is NOT all about me and really NOT at all about me. I know, I know, that is a tough, tough consideration but for me an exceptionally necessary one to keep a realistic perspective regardless of what happens.

 

I DO think this speculative investment in the IQD will be well worth it. I decided to stay in it until the windfall occurs or the IQD goes completely FUBAR. I would still hold on to the IQD then since no one knows what those monkeys over there are thinking or how they will game the system - and especially the speculative IQD investors. This is also a reason I purchased VIP (Platinum) and OSI services here through DV so that I would be able to take advantage of more secure options.

 

One other thing that crossed my mind in the beginning is absolute or near absolute craziness in and pertaining to Iraq just up to and at the RI/RV. Or even a news black out of whatever sort. So, when times seem toughest or bleakest, I made the choice up front to kick back, relax, and enjoy the show. Besides, we are in the 2018 Olympics now. Those pesky Germans, Dutch, AND Norwegians (and Canadians, of course) seem to have an early start on the medal counts. Oh, well, maybe a distraction from this speculative IQD investment???!!!

 

                 

 

Hey, may the best non doper individuals and teams get the medals!!!

 

GO TEAM USA - YAY!!!!!!!               

 

Just my thoughts, opinion, and 

 

AND......................................................

 

Go Moola Nova (YEAH, BABY!!!)!!!

Edited February 12, 2018 by Synopsis

[handy]

I agree totally with your view on this so called "donor " conference Synopsis  . I also see it more like an investment conference w/ 1800 companies involved . I've been saying the same thing , not as articulate as you but pretty much along the same lines . Something seems like it's brewing now that so many companies and countries see Iraq stable enough to be a viable international trading partner , it's as if they already know what's about to go down and they want in....

[yota691]

Reconstruction, investment and stability

12/2/2018 12:00 am    Is launching today with broad international and regional participation  Baghdad / Hussein Thaghb Mustafa al-Hashemi  Positive repercussions As the donor conference started today, with the participation of regional and international organizations, with the aim of maximizing the capacity to rebuild the liberated areas, economists hope for the future. There are international wishes to help alleviate the burden of war on the families in these areas and the return of their cities through the implementation of projects. A task that improves the family economy and provides jobs for the unemployed.  Vice President of the Baghdad Economic Forum Bassem Jamil Antoine pointed out that "Iraq is facing a new stage, where there are serious international wishes to build bridges of cooperation with the victorious Iraq, which has achieved great victories on the worst aggression witnessed by the whole world, which requires us to work to invest these Opportunity and employ them to serve the national economy. "  Implementation processes  Antoine pointed out that "many countries in the world have their own citizens who participated with" the "terrorist" in the war against Iraq, "and predicted that" these countries will be the most proactive in supporting Iraq's future on the process of construction and reconstruction of large, which can be a major operations room Between donor countries and local specialized committees that follow the implementation process in a phased manner, which is consistent with the wishes of all countries that will vary the forms of support to Iraq. "  Developmental dimensions  The conference, which is being held under the auspices of the Amir of Kuwait, Sabah Al-Ahmad Al-Jaber Al-Sabah, is attended by a number of major donor countries and a number of international and regional organizations in order to collect the contributions and assistance needed for the reconstruction of Iraq following the wars and conflicts affected by many provinces and regions.  The conference will include several developmental and vital dimensions. The participation of the private sector will contribute to the reconstruction of Iraq, as well as the participation of the World Bank as a major contributor to the conference to provide the required investment guarantees for private sector companies and institutions to participate in the development of Iraq.  International participation  Executive Director of the Association of Iraqi Banks Ali Tarek said: "The great hope of the results of the donors conference in light of the desire of the various countries of the world to support Iraq, and this is reflected in the size of international participation in this conference," pointing out that "the preparation of construction and reconstruction in all jurisdictions is Is very important, especially the financial sector, which is the focus of activity  Economic. "  "Iraq is a country that has human resources that facilitate construction and reconstruction, and this saves the effort and time on the international companies that study the working environment in Iraq in all its aspects before entering into the field of local implementation," he said.  Development process  "Iraq is a rich country and this molecular is important and is recognized by all international companies without exception. Since the conference will be an opportunity to activate investment in general, in addition to its basic objectives of reconstructing the liberated areas, the results will be in any case," said Raghad Nabil al-Alusi. Positive in the light of the presence of all poles of the development process, where they will be able to stand up to the challenges  And to overcome them. "  Al-Alusi pointed out that "the majority of experts and specialists in the economic affairs are doing well on the donors conference, especially with the presence of international companies specialized and reputable world-wide and have the potential to implement projects in the quality of their specialties within the local arena, and these companies realize that their presence in Iraq Will open new business horizons in different cities. "  The Kuwait International Conference on the Reconstruction of Iraq (KIIC) is set to begin on Monday.  Iraq is looking forward to the conference with generous contributions to the reconstruction of its devastated cities, estimated at $ 100 billion.  The conference, which is chaired by five parties - Iraq, the European Union, Kuwait, the United Nations and the World Bank - reflects the long-standing relationship between Iraq and Kuwait, which has been distorted by the brutal war policy of the regime ousted by Kuwait in the 1990s.  Key axes  The Iraqi delegation, headed by Prime Minister Haider al-Abadi, will hold a working agenda on three main axes: reconstruction and investment, supporting stability in the country and promoting peaceful co-existence among different sectors of Iraqi society.  The day will discuss the damage caused by the war and the needs to address it, as well as projects to support stability, community reconciliation and peaceful coexistence.  Tomorrow will be to focus on the procedures for creating an environment suitable for investment as will be offered 212 investment projects for all sectors of the Iraqi economy, including projects in the Kurdistan region.  The third day of the conference, which will be sponsored by Abadi and the Emir of Kuwait, will be attended by the UN Secretary-General, the World Bank President and the EU Coordinator.  Iraq.  Three conferences  The conference will be accompanied by three specialized conferences, the first [reconstruction of Iraq] and presented in its meetings details of documents on direct and indirect damage and the efforts required to improve the economic and service situation in the presence of hundreds of international experts and representatives of ministries and related parties.  The second conference, entitled "[NGO Conference to support the Humanitarian Situation in Iraq], will discuss the support of stability and response to the immediate needs of about 70 delegates from Iraqi and Arab charities and civil society organizations and a number of representatives of the concerned parties.  The third conference, entitled "Invest in Iraq," is attended by representatives of hundreds of companies. It includes a large qualitative exhibition in which a group of public companies affiliated to the Ministry of Industry, Minerals, Ministries and others will participate to present investment proposals.  Great ambitions  "We do not wait for miracles to reconstruct Iraq from a single step, but we are working on several steps, and Kuwait is one of these steps," Prime Minister Haider al-Abadi told reporters at his weekly press conference last Tuesday.  "Iraq is not begging anyone. The Iraqis sacrificed their blood to eradicate terrorism and broke it. They saved the region and the world from its danger. There must be help for Iraqis on the humanitarian side, reconstruction of all areas of Iraq and investment in all areas and all sectors."  Global attention  "The number of countries and companies that are participating in the Kuwait Reconstruction Conference with Iraq reflects the extent of global interest in investing in the reconstruction of Iraq," she said.  Al-Shammari said in an interview with Al-Sabah that it is necessary to be "the current phase of economic growth and prosperity, especially after the elimination of" the "terrorist", adding that the Kuwait Conference is the best opportunity to promote economic reality and implement the requirements of development, which will achieve stability and deepen The strength of Iraqi-Kuwaiti relations through this conference.  Shemmari stressed the need to accelerate the adoption of more legislation that reduces routine procedures in order to facilitate the entry of investors of various nationalities to the Iraqi market smoothly, which would make the goals of the reconstruction conference of Iraq.  Stability of Iraq  The head of Kuwait Chamber of Commerce and Industry, Ali Mohammad Thunayan Al-Ghanim, said that the stability of Iraq is the stability of Kuwait and the countries of the region.  Al-Ghanim said in a press statement about "the participation of 1850 private investment companies from the private sector represented by 2875 personalities of employers and capital in the reconstruction conference of Iraq."  He stressed that the Kuwaiti investor will be at the forefront of investors for the reconstruction of Iraq, pointing out that this is our duty and we are not kindly to this one.

[yota691]

Mohammed Abu al-Hassan to «Bayan»: Baghdad provided guarantees on investment grants

Kuwait brings together the world for the reconstruction of Iraq

Source:

• Kuwait - Laila bin Hudna

Date: 12 February 2018

 

Kuwait is witnessing the launch of the International Conference for the Reconstruction of Iraq, which is being hosted by the Kuwaiti capital over a period of three days amid ambitious aspirations of Iraq to make a rewarding contribution to reconstruction. The head of the Higher Media Committee of the Conference, Mohammed Abu Al-Hassan, said that Baghdad provided the necessary guarantees on the fate of the grant and the formation of follow-up bodies, said the Secretary-General of the Iraqi Council of Ministers Mehdi Alalak that Iraq saved the world from the world and the need to reward Baghdad with generous assistance.

The conference, which is being held under the patronage of the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, will be attended by a number of donor countries and a group of international and regional organizations in order to collect the necessary contributions and assistance for the reconstruction of Iraq.

Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Khalid Al-Hamad Al-Sabah said that the Kuwait conference for the reconstruction of Iraq will be a platform for the advancement of Iraq. He said that his country is keen to support Iraq, especially after restoring stability and success in eliminating the organization.

He stressed during a press conference in Kuwait that on the sidelines of the conference will be a meeting tomorrow for foreign ministers of the coalition against the organization advocated to develop a strategy to combat terrorism.

The head of the Supreme Information Committee of the Kuwait International Conference for Reconstruction of Iraq, Advisor to the Emiri Diwan Mohammed Abulhassan, told the «statement» that the Iraqi government has provided guarantees on the fate of the grant so that the formation of bodies to follow up the Reconstruction Fund for Iraq. He pointed out that the international participation and participation of Kuwaiti and Arab charities and international companies in addition to the global coverage of the conference is evidence of its universality.

He added that he is confident that various companies will be convinced of Iraq's documents and assurances that the investment will benefit the Iraqi people, the stability of Iraq and the wisdom of the Iraqi government to overcome all obstacles to global investment. He told the «statement» that what Iraq has presented against the organization is calling for «something articular» in achieving security and stability in the region. He stressed that the focus should be on projects to be submitted by companies and the entry of the Iraqi government in joint cooperation with these companies and governments, indicating that payments in kind will be entrusted to the public benefit societies and Kuwaiti, Islamic and international charities.

Translation of promises

For his part, the Secretary-General of the Council of Ministers, Mahdi al-Alaq said in a statement to the «statement» that Iraq is waiting for the world to translate their promises to real aid on the grounds that Iraq saved the world from the evil of the organization and urged the countries of the world to reward his country generous assistance. "We now begin our dream of rebuilding what has been destroyed in all of Iraq's provinces, especially after Iraq sacrificed its sons to drive evil from the rest of the world," he said.

He stressed that Iraq is a promising country with enormous human and material potential, raw materials and an environment suitable for investment and development in various sectors. He said that the conference will highlight the basic aspects of the reconstruction requirements, which is linked to a study prepared in Iraq on the ground, and will discuss the reconstruction efforts associated with a strategy launched by the Iraqi government months ago on the priorities of reconstruction.

He stressed the importance of continuing the projects to support stability, especially as it succeeded in returning the majority of the displaced to their areas, and looked forward to the completion of the process of returning displaced persons through the rehabilitation of basic services in their areas this year.

"Investments in the oil and agriculture sectors will be easier to attract than other sectors because of the country's huge reserves of crude and the availability of land and water resources," he said. "We feel there is support from the Europeans, the Arab states, the United Nations and humanitarian organizations," he said.

100

The first day of the conference will discuss the damage caused by the war and the needs to address it. The losses suffered by the cities of western and northern Iraq in wars and recent conflicts are estimated at more than $ 100 billion, including the infrastructure of these cities.

212

The second day will discuss the procedures for creating the suitable environment for investment, as 212 projects will be offered to all sectors of the Iraqi economy, including projects in the Kurdistan region. The third day of the final declaration of support.

70

The Iraqi government said more than 70 countries and some 1,850 international companies would participate in the three-day conference. She added that during the conference, it will provide more than 157 investment projects for companies to contract for them.

[Synopsis]

15 minutes ago, handy said:

I agree totally with your view on this so called "donor " conference Synopsis  . I also see it more like an investment conference w/ 1800 companies involved . I've been saying the same thing , not as articulate as you but pretty much along the same lines . Something seems like it's brewing now that so many companies and countries see Iraq stable enough to be a viable international trading partner , it's as if they already know what's about to go down and they want in....

 

 Handy AND The Best Of Your Evening To You!!! 

 

I agree that "Investment" instead of "Donor" is a far better choice of words. I don't think international businesses/companies are lined up to be "Donors" for Iraq!

 

My opinion, as stated earlier, is that Iraq will need to go to an "open economy" from the current "closed economy" at the onset of the international transactions for reconstruction. Otherwise, the "closed economy" daily currency auctions would be cumbersome, corrupt, and otherwise problematic. To go to an "open economy" where the transactions occur real time throughout the week, the IQD would need to go international. I believe at that point, the true international value of the IQD would need to be implemented. Otherwise a whole bunch of businesses would get cheap IQD in the beginning so that when the value goes real, the companies may choose to just take off with the huge profit they have just made.

 

I could be totally off but I think the next few days to weeks are PRIMO!!! Besides, the current GOI needs to get the reconstruction on the road PRONTO for the upcoming elections or it may not go so well for them.

 

Just my opinion, thoughts, and 

 

Go Moola Nova (YEAH, BABY!!!)!!!

[yota691]

Businessmen seek guarantees and bureaucracy to invest in Iraq

Feb 12, 2018  

 

KUWAIT (Reuters) - Kuwaiti and non-Kuwaiti businessmen seeking to invest in Iraq are seeking guarantees and overcoming bureaucratic obstacles to inject investment into a country that has suffered long periods of political, economic and security instability, Islamic country". 
Kuwait is hosting an international conference for the reconstruction of Iraq starting on Monday and lasts for three days, amid the aspiration of the Iraqi and Kuwaiti sides to turn the page of the past and open a new page based on mutual interests and good neighborliness. More than 1,800 companies and 2,000 economic figures representing some 50 countries are expected to participate in the economic event of the conference under the slogan Invest in Iraq. The National Investment Authority of Iraq will offer 157 investment opportunities to foreign investors from all over the world. The Kuwaiti companies participated in the conference on Sunday in a symposium at the Chamber of Commerce and Industry of Kuwait, which was attended by Sami Araji, Chairman of the National Investment Commission in Iraq, and officials from the World Bank, where the focus is on the guarantees provided by Iraq to foreign investors as well as some of the problems suffered by Investors there, especially the bureaucracy.
Abdulwahab Al Wazzan, Deputy Chairman of Kuwait Chamber of Commerce and Industry, said that the Kuwaiti private sector is looking forward to having clear feasibility studies and guarantees for investment in Iraq, indicating that Kuwaiti companies can participate in all fields of investment in Iraq. 
He added that the private sector always looks for «because there are guarantees that give stability in the investment process .. Every investment needs stability. You can not afford to invest without any rest in how you build and build and then continue. This is the right way, these are the fundamentals on which to build your investment in Iraq. " 
He added that several entities such as the World Bank, the Arab Investment Guarantee Corporation and Kuwait Fund for Development would be effective in providing guarantees for investment in Iraq. But the cover must be at the level of countries to encourage investors ... on the security side and the political side and (side) associated with the exit and entry of funds and taxes ».
Kuwaiti investors who invested in Iraq in the 1980s suffered loss of their assets after the Iraqi invasion of Kuwait and the rupture that took place between the two countries until 2003. 
Sami al-Araji said that his country is modern in the market economy, explaining that the body he heads coordinates, Foreign investors but «do not have a magic wand. "They will not be considered as equals, but they will seek to pursue their grievances and overcome their obstacles. "Today, Iraq has a" rare opportunity ... the world is sympathetic to us "and wants Iraq to achieve civil peace and to invest its resources for the benefit of its people. "We should not waste this opportunity" and be invested in rebuilding Iraq in all sectors.
Araji said that the most important investment guarantees in Iraq are the Iraqi investment law, Iraq's acceptance of international arbitration decisions, "wherever it is" in investment issues, in addition to the agreements signed between Kuwait and Iraq on investment guarantees.
At the seminar, a Kuwaiti investor working in Iraq for 14 years said he was complaining about the government bureaucracy that has been preventing him for six months now from receiving $ 5 million in receivables from the Iraqi government. But stressed that he would continue to invest in Iraq "because this is our duty to our brothers in Iraq." Ziad Badr, head of the World Bank's International Finance Corporation mission in Iraq, said that the Bank, with its multiple subsidiaries, provides various and effective guarantees for investment in Iraq, saying that the country has many advantages, including strong infrastructure, The existence of restrictions on foreign currency transfers, in addition to linking the Iraqi dinar to the US dollar. 
Badr, whose institution is a World Bank Group's private arm, is working with the private sector that Iraq remains one of the countries with the greatest return on investment in the world.
"I do not think that anywhere in the world there are such opportunities for investment," he said. "Our investments in Iraq of $ 1.2 billion are not worthless investment." He added that his organization will invest $ 250 million in the Iraqi telecommunications sector during the coming period. 
Iraq, OPEC's second largest oil producer, has already intensified its calls for investors around the world. In particular, he intends to rely on his oil reserves, which have not yet been fully exploited. 
During the World Economic Forum in Davos last month, Iraqi Prime Minister Haidar al-Abadi said the massive reconstruction project would cost $ 100 billion, half of the country's gross domestic product. "This is a huge amount of money, and we know very well that we can not fund it with our budget," which was affected by lower crude oil prices and long war.
Peter Hawkins, a UNICEF representative for the United Nations Children's Fund in Iraq, said the task was enormous. "If everyone concentrates on Mosul, the second largest city in the country and the capital of the caliphate whose historical heart has become a hill of ruins," he added, "we should not forget that other provinces such as Anbar, Diyala and Salahaddin also suffered from wars. 
"Housing is the main element because 19 percent of the total destruction of the country has taken place in this sector," said Irfan Ali, director of the United Nations Housing Program in Iraq. More than 2.6 million people are still displaced. 
More than 26,000 homes, including more than 17,000 in Mosul, have been destroyed or severely damaged, according to the United Nations Operational Program on Applied Satellite Research (UNOSAT).
Hawkins pointed out that at a time of war in the north, the south of the country has large cuts in the budget, saying, "There are some schools receive students for two or three times" per day. In order to build, rehabilitate and stimulate "economic growth and services," according to Hawkins, the private sector should be attracted to give Iraqis, who live for about a quarter of them on less than $ 2 a day, access to "health, education, social security and water resources." 
He added that Kuwait and the World Bank had made pledges to reassure the private sector, which is wary of investing in the country ranked tenth in the global corruption list, that a "reconstruction data platform was put in place to ensure transparency and accountability."
He also said priority in the Kuwait conference will be «to develop plans and analyzes and find solutions» so that the country «to rebuild its services and way of life». "It is very vital to keep Iraq at the top of the agenda of the international community. Then comes the financial side ». 
He stressed that "investment in services, including education, will benefit the country today in an amazing way, while not doing so would be tragic ... because the biggest danger is" the lost generation that can not contribute to the economy or security in Iraq, when Becomes adult. "

 

 

 

[Synopsis]

1 minute ago, yota691 said:

He added that he is confident that various companies will be convinced of Iraq's documents and assurances that the investment will benefit the Iraqi people, the stability of Iraq and the wisdom of the Iraqi government to overcome all obstacles to global investment. 

 

Well, this sure looks Good!!! 

 

Lot's of good stuff here, we wait and see what that all means!!!

 

Go Moola Nova (YEAH, BABY!!!)!!!

[yota691]

Abul-Hassan: Iraq will provide assurances that investment will benefit the people

The head of the Higher Media Committee of the Kuwait International Conference for the Reconstruction of Iraq, Advisor to the Amiri Diwan Mohammad Abulhassan, said that international participation and the participation of Kuwaiti and Arab charitable societies and international companies in addition to the global coverage of the conference is proof of its universality.

Abulhassan said in a press statement after the opening of the technical events accompanying the conference that he is confident that various companies will be convinced of Iraq's documents and assurances that the investment will benefit the Iraqi people and the stability of Iraq. He said that the initiative of His Highness the Amir Sheikh Sabah Al-Ahmad has hosted the conference after the huge amount of destruction and displacement in Iraq. He stressed that the focus should be on projects to be submitted by companies and the entry of the Iraqi government in joint cooperation with companies and governments, indicating that payments in kind will be entrusted to public benefit associations and Kuwaiti, Islamic and international charities.

[yota691]

Iraqi parliament speaker calls for Iran's participation in the reconstruction process in his country

BAGHDAD, February 11 (RIA Novosti 
) - Iraqi Parliament Speaker Salim al-Jubouri called on the Islamic Republic of Iran to participate in the reconstruction and reconstruction process in his country.

In a ceremony held at the Iranian embassy in Baghdad on the occasion of the 39th anniversary of the victory of the Islamic Revolution in Iran and the presence of a large crowd of civilian and military officials, parliamentarians, Iraqi political figures and foreign ambassadors accredited in Baghdad, Jubouri expressed his hope to develop cooperation in various fields of science and technology And Iran's participation in the process of reconstruction and reconstruction in Iraq. 
He stressed that the friendly countries of Iraq, including the Islamic Republic of Iran, which had an important role in the fight against terrorism, are respected and respected by the Iraqi people. 
He noted the long-standing historical ties and the many ties between the two peoples and the two countries, saying that it calls for further development of cooperation relations between the two sides in various fields.
He congratulated the leader of the Islamic Revolution, the government, the Islamic Consultative Council and the Iranian people on the occasion of the victory of the Islamic Revolution. He pointed out that the Islamic Republic of Iran has managed over the past years to preserve its independence and achieve self-sufficiency in many fields. 
On the sidelines of this ceremony, an exhibition of Iranian products and another wall paintings of precious carpets. 
Finished

[Floridian]

13 minutes ago, Botzwana said:

As someone pointed out in my group.   The dinar being traded on the Forex IS the guarantee from losses.

 

IS the dinar currently being traded on FOREX?????

[Floridian]

10 minutes ago, Botzwana said:

Of course not.  Yet...

 

Oh, okay. LOL

 Your wording made it sound like it already happened.

[NEPatriotsFan1]

3 hours ago, Synopsis said:

One other thing that crossed my mind in the beginning is absolute or near absolute craziness in and pertaining to Iraq just up to and at the RI/RV. Or even a news black out of whatever sort. So, when times seem toughest or bleakest, I made the choice up front to kick back, relax, and enjoy the show. Besides, we are in the 2018 Olympics now. Those pesky Germans, Dutch, AND Norwegians (and Canadians, of course) seem to have an early start on the medal counts. Oh, well, maybe a distraction from this speculative IQD investment???!!!

 

Canada ice dancers looked great! Just won the old I believe. Although I really enjoyed our brother sister team from the US! 

 

You could be right good good time to roll out RV while people are focused on Olympics

[Synopsis]

Here is an updated metal count:

 

MEDAL STANDINGS

 All Sports

NOC				Total
Germany	3	0	1	4
Netherlands	2	2	1	5
United States	2	1	1	4
Norway	1	4	3	8
Canada	1	4	1	6
Austria	1	0	0	1
France	1	0	0	1
Republic of Korea	1	0	0	1
Sweden	1	0	0	1
Czech Republic	0	1	1	2
OAR	0	1	1	2
Finland	0	0	2	2
Italy	0	0	1	1
Kazakhstan	0	0	1	1

LEGEND

: Gold Medal

: Silver Medal

: Bronze Medal

 

https://www.olympic.org/pyeongchang-2018/results/en/general/medal-standings.htm

 

Looks like they haven't gotten to ice football yet so the Iraqis haven't gotten their medal!!!

 

              

 

Go Moola Nova!

[Spider]

https://www.thenational.ae/world/mena/countries-and-companies-converge-on-kuwait-city-to-meet-iraq-s-plea-for-funding-1.703415

 

Countries and companies converge on Kuwait City to meet Iraq's plea for funding

 

Donor fatigue in western nations could see Gulf Arab states stepping forward

 

Mina Aldroubi

February 10, 2018

Updated: February 10, 2018 10:42 PM

10

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A billboard in Kuwait City welcomes participants to the Kuwait International Conference for Reconstruction of Iraq. Yasser Al Zayyat / AFP

Iraq will seek this week to raise billions of dollars from governments and private investors to fund reconstruction in areas of the country devastated by the war against ISIL.

 

A three-day international donor conference opens in Kuwait on Monday with representation from 70 countries and thousands of international companies who will be presented with opportunities in the rebuilding of Iraq’s crumbling infrastructure and war-torn cities. And with western powers suffering from donor fatigue after years of turmoil in the region, hopes are resting on Gulf Arab states to step forward for Iraq.

 

Prime Minister Haider Al Abadi says his country needs up to $100 billion for projects to rehabilitate the country after three years of brutal fighting.

 

“It’s a huge amount of money. We know we cannot provide it through our own budget,” Mr Al Abadi said during the World Economic Conference in Davos last month. “That’s why we are resorting to investment.”

 

According to reconstruction plans presented at Davos, Iraq is seeking to “reconstruct the country’s physical structure, build up capacity in order to protect society against extremists, and to maintain an effective economic cycle”.

 

Iraqi officials said rebuilding and developing hospitals, schools, homes, roads and telecommunications was the key to providing jobs, returning hundreds of thousands of displaced people to their homes and ending several decades of political and sectarian violence.

 

In Mosul, one the hardest hit areas during the war, nearly 40,000 homes need to be rebuilt or repaired before millions of residents displaced by the fighting can return, according to the UN.

 

The Iraq government is expected to showcase 157 reconstruction projects at the three-day conference, which is supported by the World Bank and United Nations.

 

International organisations are expected to announce their plans on the first day, while attending donor countries are expected to make their pledges on the third.

 

The World Bank has already said it would launch a US$300 million (Dh1.1 billion) project to improve the living conditions of more than 1.5 million poor families in Iraq.

 

Nussaibah Younis, associate fellow at the British think thank Chatham House, said traditional donors such as the US and European states were unlikely to shoulder the burden of reconstruction.

 

“They feel fatigued by the ongoing financial demands of the Iraq-Syria crisis, and with Iraq in particular they feel they have paid for reconstruction before and are not about to pay for it again,” she told The National.

 

US officials have already indicated that Washington is not planning to announce any further contributions at the conference and will instead encourage investment from the private sector and Gulf Arab allies.

 

The US said last month that it would give $150mthis year for restoring basic utilities in Iraq and providing grants to small businesses, taking Washington’s contributions social projects since 2015 to $265.3m dollars.

 

Ms Nussaibah said it was "encouraging" that "Gulf states look set to make substantial contributions at the conference, after years of intensive US diplomacy seeking to persuade the Gulf to engage more positively in Iraq".

 

US officials are counting on Saudi Arabia in particular to invest in Iraq’s private sector, which is seen as a means to counter Iranian influence in Iraq.

 

The Iraqi government set up a reconstruction fund in 2015 to oversee efforts to restore areas affected by terrorism so that people who had fled could return.

 

“Anbar was where this project launched — we currently have 52 strategic projects there which we are hoping to complete within the next two months,” the president of the fund, Mustafa Al Hiti, said.

 

Iraq reopened to foreign investment after the US-led invasion that toppled dictator Saddam Hussein in 2003, but the majority of the billions invested went to increasing its oil and gas production.

[Artitech]

Can’t wait to my new partner Synopsis, I sure like reading your post!