Iraq Wants $88 Billion For Rebuilding. Allies Offer A Fraction Of That !

[DinarThug]

45 minutes ago, Synopsis said:

Thank You, DinarThug, For Facilitation The CNN Informationathon!!!       

Hey, how come the FRENCH did NOT contribute ANYTHING at the Kuwait Donor Conference - FRANCE has a Strategic Framework Agreement with Iraq JUST LIKE The United States Of America AND, apparently, unlike ANY OTHER Country!!!

 

                     

 

It MUST be LOOKIN’ GOOD IF the French are there AND NOT contributing ANYTHING AND Complaining ALL The While!!!

 

              

 

Bone Appetit - Longue vie à la France (Enjoy Your Meal - Long Live France)               

 

Go Moola Nova (BEFORE THE FRENCH GET IT ALL!!!)!!!

 

7 minutes ago, caz1104 said:

Typical French, whine & complain....and they don't take showers or shave either!!!!

 

Ah Yes, It Feels Great To Finally Have The War With ISIS Over With And Get Back To America’s Favorite Pastime - Hating The French !  

 

     

 

 

 

The losers do not have a share in reconstruction projects

 

2/14/2018 12:26:59 PM

 

 

BAGHDAD / Al-Masala: Kuwait hosted an international conference for the reconstruction of Iraq, in which more than 50 countries participated, along with the United Nations, the European Union, the World Bank and the IMF, while Baghdad announced a program to invest in various fields of reconstruction, including 40 strategic projects.

With renewed hopes for an investment revolution in the country, the national aspiration is that reconstruction opportunities will not be in the hands of the corrupt, especially in the western parts of the country, which have been ravaged by terrorist organizations and reservists, as well as the consequences of the war of liberation.

And if corruption is a general situation that overshadows many of Iraq's cities and institutions, it has more destructive effects in the western regions, especially those liberated from the oppressors, because it will lead to an alliance between corruption and terrorism again, which harnesses billions of dollars in favor of channels of reawakening chaos through corrupt projects And the funds poured in suspicious directions ..

Iraqis depend on reliable hands to drive the investment through well-known and well-known companies under government supervision and careful monitoring by the United Nations Development Center and two UN inspectors to remove the symbols of past corruption, who stole the money of displaced people, schools and the Red Cross and paved roads and hospitals.

These fears are driving the Iraqis to recall the past of corruption so as not to come back again, and from what the artist Makki Awwad said Saleh al-Mutlaq and his brother Sadiq al-Mutlaq stole the aid money for the displaced, provided by the government.

Awad said in the video that Saleh al-Mutlaq, along with his brother Sadiq, transferred money to help the displaced, to banks in London, because he has a British nationality, noting that Sadiq al-Mutlaq owns 26 billion dollars, wondering whether these funds came from the " Karma.

No matter how true Awad's statements are, the evidence of massive corruption in the money of the displaced and others is that the former head of the Badr bloc, Qasim al-Araji, in May 2015 accused Saleh al-Mutlaq of taking money for the displaced. Because of political consensus.

Mutlaq, for example, has hundreds of similar cases, living among us, waiting for a corrupt investment opportunity in a new project.

Iraq, which promised the countries and companies at the Kuwait Conference, with useful investments, in an environment that is honest and fair, will not allow the corrupters again to steal money and employ them in corrupt projects, lose the hope of the country's citizens forever.

(Video Link)

link

[DinarThug]

Kuwait, Iraqi Ministers discuss bilateral cooperation

 

KUWAIT, Feb 13 (KUNA) -- Kuwait Minister of Commerce and Industry Khaled Al-Roudhan held talks Tuesday with visiting Iraqi Minister of Planning and Trade Dr. Salman Al-Jameeli on bilateral cooperation.
Al-Roudhan, also Minister of State for Youth, and Jameeli underlined importance of economic integration between Iraq and Kuwait, a statement by the ministry said.
The two men also discussed means of facilitating issuance of tourism and business visas, as well as reducing their issue fees, it said.
The facilitation of the visa issue, it added, would encourage movement of people, the development of infrastracture of borders and road networks, including the construction of railrod.
Meanwhile, Al-Roudhan met with a delegation of the Iraqi Economic Council to discuss the development of trade and investment relations between the two countries.
The two sides discussed the establishment of joint companies with headquarters in Kuwait and Iraq. (end) asa.mb

https://www.kuna.net.kw/ArticleDetails.aspx?id=2690600&language=en

[Synopsis]

12 minutes ago, DinarThug said:

Ah Yes, It Feels Great To Finally Have The War With ISIS Over With And Get Back To America’s Favorite Pastime - Hating The French !  

 

     

 

 

 

The losers do not have a share in reconstruction projects

 

              

 

Go Moola Nova (BEFORE THE FRENCH GET IT ALL!!!)!!!

[Synopsis]

Powell: France faces consequences

Thursday, April 24, 2003 Posted: 8:22 AM EDT (1222 GMT)

Powell says U.S. will "take a look at the relationship" with France. Story Tools VIDEO France's change in diplomacy. Jim Bittermann reports (April 23) PLAY VIDEO SPECIAL REPORT • What will it cost to rebuild Iraq? • Oil will shape Iraq's future • What will happen to Iraq's debt? • Companies battle to rebuild Iraq • Mideast firms seek Iraq contracts • Russian taxis stranded • Gallery: A brief history of Iraq's oil • CNN/Money: Rebuilding Iraq

WASHINGTON (CNN) -- U.S. Secretary of State Colin Powell has warned that France will face consequences for having opposed the United States over war in Iraq.

Powell said the United States had to review its relationship with France following its promise to veto any U.N. Security Council resolution authorizing war against Iraq.

"It's over and we have to take a look at the relationship. We have to look at all aspects of our relationship with France in light of this," Powell said during an interview on the Charlie Rose television program Tuesday.

Asked by Rose if there are consequences for standing up to the United States, Powell replied "yes," but did not elaborate.

Responding to Powell's comments, French Foreign Minister Dominique de Villepin said Wednesday that France will continue to follow its principles in dealing with issues such as Iraq.

"Throughout the Iraq crisis, France, along with a very large majority of the international community, acted in conformity with its convictions and its principles to defend international law," de Villepin said during a trip to Turkey, according to a statement from France's Foreign Ministry.

"It will continue to do so in all circumstances," he said.

Powell's comments followed a call Tuesday by France's ambassador to the United Nations to "immediately suspend the civilian sanctions" against Iraq.

Jean-Marc de la Sabliere told reporters outside the U.N. Security Council chamber, Sabliere also recommended a gradual "phasing out" of the oil-for-food program.

"Sixty percent of the Iraqi people depend on this program ... and without transition it would be destabilizing and would have humanitarian consequences," Sabliere said.

"The program should be adjusted to take into account realities but there should be a phasing out."

Diplomats say there was no immediate reaction inside the Council to the French suggestion, which was not presented with any detail as to how it could be achieved.

France said a suspension of sanctions could occur immediately, but that a full lifting of sanctions would have to depend on verification by international weapons inspectors that Iraq was free of weapons of mass destruction.

The French are proposing that UNMOVIC -- the UN weapons inspection agency -- work alongside with the U.S. coalition efforts currently underway.

The U.S. Ambassador to the U.N. John Negroponte said: "Our view is that in light of the dramatically changed circumstances in Iraq that sanctions should be lifted as soon as possible. So we now need to work with France and other countries to see how best that can be achieved and how quickly."

However, Negroponte ruled out any immediate role for U.N. inspectors.

Negroponte said the U.S. coalition "had assumed responsibility for the disarming of Iraq." Asked about the possibility of UNMOVIC regaining responsibility for inspections, he said, "for the time being and for the foreseeable future, we visualize that as being a coalition activity."

Suspension of sanctions will require a resolution of the U.N. Security Council.

In the case of Iraq, the existence of the oil-for-food program and a lack of a clear governing authority in Iraq complicate the lifting of sanctions. Questions include who would sell Iraq's oil and who would be the authority purchasing goods for Iraq.

Diplomats say those questions would need to be resolved for the Security Council to suspend sanctions.

The seven-year-long oil-for-food program allows the Iraqi government to use oil revenues from a U.N. escrow account to purchase humanitarian goods.

 

http://www.cnn.com/2003/WORLD/europe/04/23/sprj.nilaw.france.sanctions/index.html

 

PLEASE NOTE THIS ARTICLE IS FROM April 24, 2003.

 

Looks like the French will really have to RAILROAD the Iraqis NOW!!!

 

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

[NoviceInvestor]

2 hours ago, DinarThug said:

LINK

Germany makes an important offer to start strategic projects in Iraq

 

 

2018/2/13 20:22

German Minister Kierhard Moller presented Prime Minister Haider Abadi with an offer to start strategic projects in Iraq during the next two months.

According to a statement issued by the Prime Minister's Office, the German minister presented during his meeting with Abadi in Kuwait an offer to start strategic projects in Iraq during the next two months, including the electricity sector, in addition to creating thousands of jobs , Training thousands of Iraqi youth with professional specialties by the best German companies, as well as setting up vocational training centers. " 

He added that "the German delegation provided funding for a number of projects in Iraq," stressing "Germany's support system" rel="">support for Iraq and its continued to stand with him in various fields and encourage German companies to work in Iraq."

Sensible offer.. 

[DinarThug]

These are the financial contributions of each country to the Kuwait Conference for the reconstruction of Iraq

 Wednesday, 14 February 2018

 

 

 

Approximately $ 30 billion is the volume of financial pledges announced by countries and international and regional organizations participating in the Kuwait Reconstruction Conference.

These amounts did not exceed half the need of Iraq, which government officials estimated more than $ 88 billion for the reconstruction of cities destroyed by the war with a sympathetic organization.

The ranking of the most prominent countries and organizations that contributed amounts in the reconstruction of Iraq, whether in the form of loans or grants or investment opportunities as follows:

United States : US Secretary of State Rex Tillerson during his participation in the Kuwait conference signed an agreement between the US Trade Bank and Iraq to grant Baghdad loans of about three billion dollars.

Turkey : Turkey will allocate five billion dollars to Iraq in the form of loans and investments, Turkish Foreign Minister Mouloud Zhaoshoglu said on Tuesday.

KUWAIT : Kuwait will provide Iraq with $ 1 billion in loans and invest $ 1 billion to help rebuild the country, Kuwait's ruler Sheikh Sabah al-Ahmad al-Jaber al-Sabah said.

Saudi Arabia : The volume of Saudi pledges billion dollars for investment projects in Iraq, and an additional 500 million dollars to support Iraqi exports.

Gulf states : Qatar has announced the allocation of a package of loans and investments to Iraq worth one billion dollars, while the United Arab Emirates to provide 500 million dollars.

Britain : $ 1 billion in export credit over 10 years

Germany : 350 million euros in aid to Iraq in 2018

Italy : € 260 million in soft loans and $ 11.5 million in aid.

Finland : Helsinki pledged $ 10 million for mine clearance.

Malaysia : Kuala Lumpur said it would provide $ 100,000 to Iraq.

European Union (EU ) Commissioner for Foreign Policy and Security Federica Mugherini said the EU would provide $ 400 million in humanitarian aid to Iraq.

Non-governmental organizations pledged $ 330 million in aid to Iraq, and the Islamic Development Bank announced that it would provide $ 500 million to contribute to the reconstruction of Iraq. The Arab Development Fund also announced a settlement with Iraq that would allow it to benefit from the fund by 1.5 billion Billion dollars.

link

Edited February 14, 2018 by DinarThug

[DinarThug]

(by don961)

Baghdad forgets aid and seeks private sector investment

 

KUWAIT - The Iraqi government made great efforts yesterday to show that the country is ready to receive investments. Prime Minister Haider al-Abadi said that the statement that Iraq is ready to receive investments serious and effective.

The private sector joined the massive Iraq reconstruction workshop on the second day of the conference in Kuwait, as investment has become the only hope out of the cycle of destruction and economic paralysis after the lack of access to aid.

The conference, which was set up after a day devoted to humanitarian organizations, reached the main focus of gathering commitments and pledges from states and investors to rebuild homes, schools, hospitals and economic infrastructure destroyed by war, especially three years of fighting against a militant organization.

Abadi acknowledged the difficulty of tackling corruption, which he said was hiding behind bureaucracy and ambiguity, but stressed that his government had developed new avenues to facilitate investors' work in cooperation with the World Bank to avoid obstacles to the traditional government system.

US Secretary of State Rex Tillerson said the Iraqi government was making significant progress to improve governance and Washington was encouraging companies and investors from the United States and abroad to invest in Iraq, which has considerable resources and opportunities.

He disclosed a single pledge that the US Export and Import Bank would provide a line of credit to help rebuild the country. A memorandum of understanding between the Bank and the Iraqi Ministry of Finance was signed at a later date of $ 3 billion.

French Foreign Minister Jean-Yves Laudrian went on to say that no region in Iraq should be excluded from the reconstruction process, particularly in the Kurdistan region, stressing the importance of ending the differences between Baghdad and Erbil.

He stressed that France will be a key partner in the reconstruction of Iraq, but gave no details on the size of the aid or facilities to be provided.

It seems unlikely that Iraq will achieve even part of the great ambitions announced by Prime Minister Haider Abadi, which aims to attract assistance and investments amounting to 100 billion dollars.

Whatever pledges and investment agreements the Iraqi government may have, it will have enormous difficulties in implementing and translating them into practice.

It seems that Baghdad must forget the possibility of relying on aid and turn its attention to private sector investment, but this requires a climate of business and legislation and appropriate laws in addition to combating corruption and bureaucracy and enhance transparency and security stability.

Analysts say that achieving this is very difficult in light of the chaos and inefficiency of Iraqi institutions run by sectarian quotas after the elimination of competencies that can cooperate with foreign investors and companies to implement projects.

Iraq needs about $ 88.2 billion for reconstruction, Iraqi Planning Minister Salman Jumaili said at the first session of the conference, attended by thousands of businessmen, investors, companies and representatives from 74 countries.

Nizar Nasser Hussein: Iraq intends to exempt investors from income tax between 10 and 15 years 
Iraq, which has seen wars and a long siege for nearly four decades, is waiting for the final day of the conference on Wednesday to see pledges from donor nations, but its ambitions have been hit hard by Washington's failure to provide any financial aid.

Senior officials of the Iraqi delegation sought to reassure investors by various means. The head of the National Investment Commission Sami Araji in front of investors and representatives of companies and businessmen that "Iraq is open to investors."

He said that Iraq is offering the private sector investment in most sectors, from agriculture to oil. He cited 212 projects allocated by Baghdad to local and international investors, including "legal protection".

Araji said that among these projects are the construction of oil refineries, housing, power plants, airports, railways, trains and roads. He unveiled plans to establish four free trade zones over the next 10 years. He acknowledged that investors "face significant risks, but they come in return for big profits."

Oil Minister Jabbar Laibi announced that Iraq intends to increase its oil production by 2.3 million barrels by 2020 to 7 million barrels per day. Iraq is looking for investors to create 4 new refineries, and is unlikely to find it difficult because of its large oil wealth.

The head of the legal department of the National Investment Commission Nizar Nasser Hussein said that the laws in Iraq do not differentiate between the domestic investor and foreign, noting that foreign investors can establish Iraqi companies. He stressed that Iraq intends to exempt investors from income tax for a period of 10 to 15 years.

The Director General of the Ministry of Planning Qusay Abdul Fattah that the reconstruction of Iraq requires the collection of about 22 billion dollars urgently and another 66 billion dollars in the medium term.

The Arabs of London

link

 

[davis411]

Bonjour moi Davis eh

[DinarThug]

2 hours ago, DinarThug said:

Ah Yes, It Feels Great To Finally Have The War With ISIS Over With And Get Back To America’s Favorite Pastime - Hating The French !  

 

     

 

8 minutes ago, davis411 said:

Bonjour moi Davis eh

 

Ah Yes, And In The Great White North They’re Finally Getting Back To Their Own Favorite Pastime - Hating The French Canadians !  

 

     

[DinarThug]

Battle of construction

15/2/2018 12:00 am 

 

Hussein Ali Al-Hamdani 

At the Kuwait Conference and in a large international presence, Iraq launched the battle of building and reconstruction, this battle that needs international mobilization in great economic dimensions, especially in the presence of more than 1850 international companies that were present with their aspirations to invest in Iraq, which set a road map for the reconstruction of the country and the situation of the international community at the Kuwait Summit. His duties towards this country, which was the spearhead in the war on terror, which was defeated thanks to our steadfastness, sacrifices and international support in the battle of war, which must turn this support in the battle of reconstruction and construction. Hence, there were three basic pillars, which is the main aspiration of Iraq to achieve in the coming periods , It sets the general framework for reconstruction and development, assessing the devastation in liberated areas and investment opportunities. 

Iraq is looking to attract foreign investment and it also confirms Iraq's desire to open up to the world through the economic portal, which is now the most sought-after door in the world for the importance of the economy in international politics.Especially Iraq's participation this year comes after the liberation of the Iraqi land from the "da'ash" The countries of the region, especially the Gulf Arab states, whose relations with Iraq have developed very dramatically. The Iraqi participation also contributes to the global economic importance of the Forum, and it is an opportunity that Iraq needs to put forward the project of reconstruction of the country, which needs between 55-100 billion dollars, which was referred to by Prime Minister Dr. Haider Abadi, also stressing the achievement of Iraq to great successes in the fight against corruption and stability of Iraq, Very much in creating the ground to attract investments to the country. 

It is necessary to emphasize here that Iraq is a great arena for investors from all over the world who have come to Kuwait to participate in the reconstruction of Iraq, through Iraq's actual need for many projects, whether in the field of housing, energy or infrastructure and others. This is a figure that can be increased this year thanks to the establishment of new export lines and the entry of newly discovered oil fields to the service. 

Production. 

The economic cooperation does not stop at this, but there is trade exchange, especially since Iraq has a large trade balance with the countries of the region, which requires great economic openness with all countries of the world, with a clear imbalance in trade with many other countries of the world, and this It is necessary to review not only by Iraq, but by the countries of the world that have to contribute significantly in developing relations with Iraq in all areas and certainly the Davos summit is a great opportunity for Iraq must be invested very much, which is sought by the Iraqi government.

link

[DinarThug]

Conference of Kuwait .. A global coalition for the renaissance of Iraq

15/2/2018 12:00 am 

 

Folded his last page 

Baghdad / Hussein Thagb / Shukran al-Fatlawi

Such as the donor conference in Kuwait is an opportunity for direct communication between the local and global effort and to identify the requirements of real work and construction that entice large international companies that have the expertise and qualitative implementation within the liberated areas and the whole investment projects in Iraq. 
Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh said: "The Kuwait Conference reflects a global financial and financial gathering similar to the alliance for the renaissance of Iraq and turn it into a focus of sustainable stability by providing factors for development, this is the success envisaged by the conference, but the momentum of success requires the existence of a permanent Secretariat for the reconstruction of Iraq stems from The conference to realize the principle of how the international community can join efforts to invest in the vital field of the victorious nations and their states on the evils of terrorism, conflict and tensions and turn them into zones of peace and lasting development. 
"It is a new philosophy in international politics that links peace with victory and lasting development that entrenches peace and opportunities for stability. Development is stability. Stabilization needs a victor in the war on terror to create a political economy for peace and its endowments of reconstruction and development with sustained momentum," he said. 

Local work 
President of the International Federation of Businessmen d. Hamid Al-Aqabi told Al-Sabah: "It is hoped that the conference will contribute to the reconstruction of a large area of the cities destroyed by the terrorist, where the understandings and wishes of the participants reflect the presence of real trends in the local labor market, which provides great employment opportunities, Which is recognized by all States participating in a conference 
Kuwait. 

Objectives of the Conference 
He said that during the first and second day, we touched on a great movement between everyone from the private sector and governments to achieve the objectives of the conference, which is the whole benefit to both sides of the process. He explained that the conference, which consists of 35 countries came to establish investment projects in support of reconstruction of the destroyed areas and is expected to put 60 investment projects in Different sectors. 

Achieving well-being 
In turn, the economic expert Abdul Hussein al-Hakim that "this is the first international forum organized in the region aims to support Iraq and the transfer to the stage of development and benefit from its natural and human capabilities disabled for decades, which requires that we employ this international effort to serve the national economy and work to achieve well-being To the Iraqi families and improve their economy and economy
the National". 
Al-Hakim said that "the reality of Iraq economically encourages the bringing of international expertise in all areas of production and service, especially as the volume of work accommodates the activities of international companies, thus enhancing the spirit of competition between companies in order to obtain employment opportunities to enable it to expand its activity in a country has the elements of success Raw materials and market for most industries. " 

The fundamentals of advancement 
Al-Hakim stressed that "Iraq embarked on this conference towards the establishment of the fundamentals of economic advancement after it got the solidarity of world powers that wanted to provide grants or investment in various economic activities production and service, aware of Iraq's position on the map of the world and its various capabilities." 
"The Kuwait International Conference on Iraq Reconstruction is the beginning of the security and development phase in the region," said Ali Al-Ghanim, head of Kuwait Chamber of Commerce and Industry. 

A new experience 
Al-Ghanim said during the opening session of the conference "Invest in Iraq", as part of the Kuwait International Conference for the Reconstruction of Iraq, which was launched in Kuwait yesterday: Kuwait does not consider the conference to be a new experiment that is dedicated to Kuwait's regional, Arab and international role. Arab-Arab relations from the perspective of the future 
Interests. 

International conviction 
"The observer for the conference days feels that the international presence in this forum has not come from a vacuum, but there is an international conviction that Iraq is capable of advancing. It can be a major economic force and influential regionally and internationally. This is done through partnerships with An international community with technological capabilities to implement projects in all sectors without exception ". 
Al-Shammari pointed out that "the exit of Iraq victorious from a major war is not the reality of dealing with it by the international community, especially as well as the country's possession of wealth that qualify for sustainable development, which achieves the highest economic feasibility of Iraq and investment companies wishing to work in Iraq." 

The Iraqi Market 
"The first steps to sustainable development that Iraq seeks will be launched through a donor conference in Kuwait, where the world's largest companies are looking to be in the market 
Iraq ". 
He pointed out that "the advancement of the planning aspects is a necessity for achieving development. It is through this chapter that we can identify the most important and important and that we really start a comprehensive development process in accordance with international quality standards." 
He pointed out that "the global effort has advanced technologies that shorten the time and effort to strengthen the domestic economic capabilities that return Iraq to its international position among the largest economies 
the world". 
"The Kuwait conference came in a new order, which represents a direct dialogue with the international economic forces in conjunction with a serious desire to activate cooperation and open bridges of cooperation within a short period of time, and this is what was actually done during the days of the conference," said Akil Nouri. 
He said that "the coming period requires the concerned parties to work to deal with the results of the conference very seriously, and follow them very seriously through specialized committees formed from the public and private sectors to achieve the goals 
"The Conference will have a positive impact on the lives of families and owners of small and medium projects associated with the construction and reconstruction."

link

[Rockymtnhi]

No one is stupid enough to give them money.  With the Iraqi govt officials world renown  history of corruption and outright stealing no outside govt or company trusts the money will be used properly.  Who can blame them.  Trump knows he should not send any more money to Iraq.  So do all the other Presidents.  It appears the rebuilding will be very slow.  

[DinarThug]

LINK

The United Arab Emirates decides to cancel Iraq's debt
of $ 7 billion

 

 

14th February, 2018

The United Arab Emirates has decided to extinguish the Iraqi government's $ 7 billion debt.

In his address to the Kuwait International Conference on Iraq Reconstruction, Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, said that the support includes 250 million US dollars through the Abu Dhabi Fund for Development for infrastructure projects and 100 million US dollars to support UAE companies. In electricity sector projects in Iraq, and US $ 100 million to support and stimulate UAE exports to Iraq.

 It also includes US $ 50 million to support the UAE Red Crescent in its humanitarian efforts and charitable projects in the areas most affected by intimidating terrorism.

During the conference, which was opened by Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Sabah, Haidar Al-Abbadi, Prime Minister of Iraq and UN Secretary-General Antonio Guterres, he praised the initiative of the State of Kuwait and the great international response to support Iraq and help it in the challenge of reconstruction.

He stressed the historic support of the UAE to Iraq, including the decision to cancel 7 billion US dollars of previous debt in 2008 and a clear political and diplomatic commitment during the past decade.

He pointed to the UAE's prominent role in the alliance against Da'ash, which included financial commitments of 700 million US dollars, in addition to 60 million US dollars to support the humanitarian situation in the Mosul area. 

He pointed out in his presentation to the efforts of the UAE private sector in the reconstruction of Iraq, led by the "project to develop the Al-Rashid camp," which is estimated at 5 billion dollars and provides job opportunities required, in addition to modern infrastructure in the Iraqi capital .. Noting the investment of "DP World" Development of the Umm Qasr Port, estimated at US $ 500 million and other private sector projects. 

In its speech, the UAE stressed the importance of the stability and prosperity of Iraq and its main Arab dimension and the necessity of working together and taking advantage of the opportunity to achieve these goals, which is beneficial and positive for the region.

Edited February 15, 2018 by DinarThug

[gregp]

3 hours ago, DinarThug said:

LINK

The United Arab Emirates decides to cancel Iraq's debt
of $ 7 billion

 

 

14th February, 2018

The United Arab Emirates has decided to extinguish the Iraqi government's $ 7 billion debt.

In his address to the Kuwait International Conference on Iraq Reconstruction, Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, said that the support system" rel="">support includes 250 million US dollars through the Abu Dhabi Fund for Development for infrastructure projects and 100 million US dollars to support system" rel="">support UAE companies. In electricity sector projects in Iraq, and US $ 100 million to support system" rel="">support and stimulate UAE exports to Iraq.

 It also includes US $ 50 million to support system" rel="">support the UAE Red Crescent in its humanitarian efforts and charitable projects in the areas most affected by intimidating terrorism.

During the conference, which was opened by Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Sabah, Haidar Al-Abbadi, Prime Minister of Iraq and UN Secretary-General Antonio Guterres, he praised the initiative of the State of Kuwait and the great international response to support system" rel="">support Iraq and help it in the challenge of reconstruction.

He stressed the historic support system" rel="">support of the UAE to Iraq, including the decision to cancel 7 billion US dollars of previous debt in 2008 and a clear political and diplomatic commitment during the past decade.

He pointed to the UAE's prominent role in the alliance against Da'ash, which included financial commitments of 700 million US dollars, in addition to 60 million US dollars to support system" rel="">support the humanitarian situation in the Mosul area. 

He pointed out in his presentation to the efforts of the UAE private sector in the reconstruction of Iraq, led by the "project to develop the Al-Rashid camp," which is estimated at 5 billion dollars and provides job opportunities required, in addition to modern infrastructure in the Iraqi capital .. Noting the investment of "DP World" Development of the Umm Qasr Port, estimated at US $ 500 million and other private sector projects. 

In its speech, the UAE stressed the importance of the stability and prosperity of Iraq and its main Arab dimension and the necessity of working together and taking advantage of the opportunity to achieve these goals, which is beneficial and positive for the region.

 

Bamm!!! Nice find Thugs!! Ewe Duh Man!!

[skeetdog]

Thanks DT...It's about time the world stops throwing money at Iraq...Iraq was put in the spot-light of their true nature by my President DJ Trump...Iraq needed to be called-out for their known corruption...Iraq is now in the position to support their own causes...The CBI has to realise the ecommerce involved and the investments waiting on their decision.......

[King Bean]

23 hours ago, DinarThug said:

Iraq is one of the most beautiful countries in the world

 

                             Tourism board has a little bit of work ahead of them. Maybe they will get the bulk of that $30B ??  

[King Bean]

23 hours ago, DinarThug said:

WAR-BATTERED IRAQ SAYS IT'S 'OPEN FOR INVESTORS'

 

...but watch that first step. Tuck and roll !!  

  

[King Bean]

22 hours ago, DinarThug said:

At the King of Distinguished Numbers in Baghdad,

 

That's my cousin, Ali. Right next to my coffee shop, King Of Distinguished Beans. We sell quad latte for 6666 dinar. Free parking token for your camel. 

Edited February 15, 2018 by King Bean

[Flash101]

Lets tare this all down and start all over.

 

101

[DinarThug]

LINK

The World Bank confirms the rapid response of the private sector to invest in Iraq

 

 

2018/2/14 

Saroj Kumar Jah, Director of the Mashreq Department at the World Bank, confirmed the speed of the foreign private sector in responding to investment in Iraq. "We express our deep gratitude for the efforts made by the State of Kuwait to make this conference a success," Kumar Jah said during a joint press conference at the end of the Kuwait International Conference for the Reconstruction of Iraq. "He said. 

"We have seen the response of the private sector yesterday very positive and worked with our colleagues in the European Union to help the Iraqi authorities to implement economic reforms."  "The presentation of the Iraqi government today was very important and we see that Iraq is on the right track of economic reform and building successful actions and there are very important projects to invest in them." He urged " "The World Bank has increased 10 times in the past years to help Iraq in the reconstruction process and not only through financial resources, but we will help Iraq to implement successful mechanisms and provide the necessary resources to ensure continued support for the Iraqi government and the people of Iraq," he said. On the commitment of the World Bank to implement the vision of Prime Minister Haider Abadi in this context. "

[DinarThug]

LINK

Al-Abbadi adviser : Loans received by Iraq at the Kuwait conference will contribute to the rehabilitation of liberated areas

 

 

15th February, 2018

The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, that the loans obtained by Iraq from the Kuwait Conference will contribute to the rehabilitation of liberated areas.

Saleh said in his speech to "Economy News" that "the financial loans received by Iraq on the final day of the Kuwait conference will be a lever for him," noting that the loans reflect the positive trends of the international community in support of Iraq.

"The loans obtained by Iraq do not satisfy the desire to rehabilitate liberated areas, but remains a positive step in the minimum."

Saleh said, "UAE contributions to the reconstruction of Iraq are positive and good, and we hope not to be the last, especially that there is a desire to invest by them in Iraq," noting that "Iraq is a good investment environment, and there is an investment law gives great facilities for investors, In front of UAE companies to work. "

He pointed out that "the funds granted by the UAE and other countries will go to the reconstruction and development of infrastructure, and we in Iraq look forward to a large role for international companies, including UAE companies ."

Iraq received 30 billion dollars in loans, grants and investments in the reconstruction conference held in Kuwait and concluded on Wednesday.

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Abadi Advisor: Raising the mines and returning the displaced from the priorities of reconstruction

15th February, 2018

 

Economic Advisor to the Prime Minister announced the appearance of Mohammed Saleh, Thursday February 15, 2018, the reconstruction of the liberated cities will be represented by the lifting of mines and re - displaced people as a first stage.

Saleh said, according to local media, that the reconstruction of liberated cities will be the lifting of mines first, and then the return of the displaced as a first stage, pointing out that the reconstruction will be through projects and plans urgent and urgent, relying on Iraq's own potential to contribute to reconstruction such as Iraqi companies and hands Working and national expertise as well as foreign companies.

He added that the amount of 88 billion dollars for the reconstruction of Iraq will be within the framework of a time span of ten years, pointing out that the Kuwait conference came out with positive results and witnessed a wide participation of international and Arab countries, and Iraq has won nearly 30 billion dollars, according to projects provided by the Iraqi government for reconstruction, That there is another phase of assistance and support from the international community to revive the Iraqi economy. 

He stressed that Iraq seeks to integrate its economy with the world economy, such as commercial exchanges and attracting investments, noting that the plans that were developed for reconstruction with companies will be the reconstruction of infrastructure such as water and electricity networks and the lifting of mines and the opening of service departments such as sexual and other departments and then the opening of schools within the plans of high dynamic in re-planning .

[DinarThug]

2-14-2018   Newshound Guru Kaperoni   Article: 

"United Nations: Kuwait Conference stunning proof of the confidence in the government and the people of Iraq"  

Quote: "Iraq is on the right track and the international community has shown its confidence in Iraq,

which is very important , a good news"  

A very good sign.

[DinarThug]

Baghdad celebrates Valentine 's Day

 

 

 

2018/2/14 10:26:23 AM 
Love candles from roses, soft angels and innocent bears adorn Valentine's Day in the streets and streets of the capital, the second largest city in the Arab world after Cairo.

The world celebrates on February 14 each year the Valentine's Day and usually the lover presents red roses and bears to his beloved and beloved to her lover was limited to lovers only, but it was developed then to be a feast for all lovers.

 

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[10 YEARS LATER]

19 minutes ago, DinarThug said:

Baghdad celebrates Valentine 's Day

 

 

 

2018/2/14 10:26:23 AM 
Love candles from roses, soft angels and innocent bears adorn Valentine's Day in the streets and streets of the capital, the second largest city in the Arab world after Cairo.

The world celebrates on February 14 each year the Valentine's Day and usually the lover presents red roses and bears to his beloved and beloved to her lover was limited to lovers only, but it was developed then to be a feast for all lovers.

 

link

 

 

Part Deux of the " Invasion of Sheep " is getting under way   I'm a Baaaaaaad boy.

Edited February 15, 2018 by 10 YEARS LATER

[DinarThug]

Kuwait conference to rebuild Iraq disappoints Baghdad

 

 

 

 

2018/2/15 04:20:56 PM 
The results of the Iraq Reconstruction Conference seem to have been disappointing, with the value of pledges and grants by states and financial institutions to reduce reconstruction plans. Experts have estimated the improvement of foreign direct investment in Iraq by improving political, economic and legislative reforms, eliminating corruption in government institutions and strengthening the security situation.

The Iraq reconstruction conference was launched in Kuwait last Monday with the participation of 2,300 companies from 70 countries seeking dozens of investment opportunities to be presented by Iraq at the conference.

A survey by the Anatolia Agency confirmed by Kuwait's Ministry of Foreign Affairs, a number of countries and international organizations pledged to provide support to Iraq worth about 30 billion dollars.

Iraq was counting on the conference to get $ 88 billion worth of investment to rebuild devastated areas and infrastructure as a result of four years of war against state regulation.

According to the survey, Arab pledges and grants totaled about $ 5.7 billion between loans, investments and export financing.

The cost of reconstruction Iraq needs 2.88 billion US dollars for the reconstruction of areas restored from the state organization, according to estimates, announced by Iraqi Planning Minister Salman Jumaili, on Monday.

Iraq needs $ 22 billion urgently, according to the Director General of the Iraqi Ministry of Planning, Qusay Abdul Fattah, during the conference.

"The country needs 66 billion in the medium term," Abdul Fattah said in a speech at the Kuwait Conference for the Reconstruction of Iraq.

Barriers

The economic expert and professor at the Lebanese University, Jassim Ajja, that the attraction of foreign investment in Iraq, hindered by two things are the deterioration of the security situation and high rates of corruption

Why did Iraq reconstruction pledges come in the face of Baghdad's hopes? 15/2/2018 in government institutions.

In an interview with "Anatolia" from Beirut, Agaak said that the conference to support the reconstruction of Iraq did not achieve the required under the low pledges, compared to the targets of the Iraqi government.

He explained that the pledges made during the Conference could represent a good boost but might not be sufficient, especially as they were only non-binding pledges.

The geopolitical turmoil and the long-running Gulf crisis are putting pressure on the economies of the region, including Iraq, which also has to fight the remnants of state regulation, increasing the burdens of the Iraqi economy and cutting off foreign investment.

Baghdad announced last December, the restoration of control over land that was controlled by the state organization, since the summer of 2014, is completed but still to regulate cells in northern and western Iraq.

While the Gulf is facing a crisis that began on June 5 after Saudi Arabia, the UAE, Bahrain and Egypt cut ties with Qatar on the pretext of "supporting terrorism", which Doha denies.

For his part, economic expert Waddah Alta (an Iraqi resident in the UAE), said that any investment program in Baghdad now will not work. "The parliament is not expressing the Iraqis' aspiration," he said, referring to the corruption still plaguing the economy, as well as the lack of political independence in the country.

He described the pledges and recent financial grants as "no hunger and no hunger" as the investment movement continues to be undermined by the lack of adequate infrastructure, developed land and low communications efficiency.

Altha added that the implementation of the pledges difficult in the current circumstances, explaining that the timing raises many question marks and may be used for election as the parliamentary elections next May.

Return of confidence

"The return of foreign investors' confidence in the Iraqi economy will take more time, even recovering from the negative effects of the war with the state," said Mohammed al-Oun, an economist.

"The support of governments is a positive sign that will help to gradually restore confidence,although it was not the desired form," he said in a telephone interview with Anatolia.

He stressed the need for the Iraqi government to promote the good local economy, andhighlight development projects with a good return to attract new investors.

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