“Tidbits From TNT” Tuesday Morning 10-3-2023

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TNT:

Tishwash: Al-Sudani congratulates our people on the National Day and confirms that Iraq will remain a pillar of stability, security and prosperity in the region and the world

 Prime Minister Muhammad Shiaa Al-Sudani congratulated our people on the National Day, stressing that Iraq will remain a pillar of stability, security and prosperity in the region and the world.

Al-Sudani said in his congratulations: On the occasion of the National Day of the Republic of Iraq, I extend to the people of our dear country, with all their components, in every place, and to all the national forces and all constitutional bodies, with the most sincere and blessed expressions of congratulations, accompanied by prayers to the Almighty God to preserve our country, dear, invincible, and lofty at all times. .

He added: Iraq has always been a land radiant with the meanings of civilization for the entire world, just as it was the spot where history was made, and where humanity recorded its steps towards progress. Therefore, the emergence of the modern Iraqi state, and its accession to the League of Nations, came as a continuation of this effective and influential civilizational and cultural dynamism.

He continued: On its National Day, Iraq will remain a pillar of stability, security and prosperity in the region and the world, and a bridge where civilizations and cultures converge. Iraqis will remain skilled makers of peace and tranquility, and staunch fighters against darkness and backwardness, and in this sense, we will continue to work to make Iraq the goal and goal. He takes precedence over every consideration and rises above every necessity.  link

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Tishwash:  Why do “Iraqis” not occupy a place on the list of the world’s richest people?

Global rich lists are always an interesting topic, as they reveal the wide disparities in wealth between individuals in different parts of the world. However, it notes an underrepresentation of billionaire men from Iraq on these lists despite the country’s rich natural resources and great economic potential. In this article, we will look at some factors that may explain this fact.

1. Political and security turmoil:
Iraq has long been plagued by political and security turmoil, starting with the 2003 US invasion and subsequent internal conflicts and terrorist attacks. These conditions make it difficult to build successful businesses and stabilize investments in the country, reducing businessmen’s opportunities to achieve great fortunes.

2. Lack of transparency and corruption:
Corruption and lack of transparency in Iraq are two major challenges facing businessmen. Building significant wealth may require cooperation with the government or government officials, and this can cause legal complications and difficulties that make things more difficult.

3. Lack of economic diversification:
The Iraqi economy relies heavily on the oil industry, which means that economic opportunities may be limited for those working in this sector. The lack of diversity in the economy reduces the opportunities for businessmen to choose other areas to invest and build diversified wealth.

4. Educational and training challenges:
There may be a lack of education and training necessary for businessmen in Iraq, which affects their ability to develop businesses and achieve success in global markets that require advanced skills and knowledge.

In conclusion, the lack of billionaires in Iraq shows that there are major challenges facing the country in the field of economics and business. If focus is placed on resolving these challenges and providing a more stable and transparent environment for business, opportunities for entrepreneurs to build significant wealth and increase their representation on global wealthy lists may be enhanced.  link

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Tishwash:  Parliamentarian: 11 countries want to invest in the path of development

MP Baqir Al-Saadi confirmed on Monday that 11 countries want to invest in Iraqi development road projects.

Al-Saadi said in an interview followed by Mawazine News, “The development path is not a paper project, but rather a reality. The Sudanese government seeks to put the first phase in the axes of direct implementation within a short period not exceeding months,” pointing out that “the project is strategic for Iraq’s economic future.”

He added, “11 countries have expressed their desire to invest in Iraqi development road projects, and the number may reach 50 if they are initiated,” stressing that “the world is facing the birth of an exceptional transportation line that will connect the countries of Southeast Asia and the Indian Ocean to Europe via Iraq.”

He pointed out that “the benefits of the project can be summarized in 15 points, the most prominent of which are the financial returns and the volume of investments in building industrial cities and other logistical support, in addition to creating job opportunities and charting a new transportation route in Iraq that attracts various world goods.”  link

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CandyKisses:  Russia is ready to participate in the development road project in Iraq

Shafaq News / Assistant President of the Russian Federation, Igor Levitin, on Tuesday, expressed his country’s government’s readiness to participate in the implementation of the vital development path project in Iraq.

This came during his meeting in the capital Baghdad with Prime Minister Mohammed Shiaa Al-Sudani and Transport Minister Razzaq Muhaib al-Saadawi, according to data issued by the Iraqi government.

A statement issued by the Prime Minister’s Office said that during the meeting, bilateral relations between the two countries were discussed, ways to enhance mutual cooperation in various fields, as well as the curriculum of the upcoming visit of Sudan to Moscow was discussed.

He pointed to the close and historical relations that bind Iraq with Russia, and the government’s desire to strengthen them, stressing that Iraq launched the development road project with the Faw Port project, which is a sustainable economic project, within the government’s policy of transition towards a multiple economy and not relying on oil, as well as its importance to the countries of the region, and its integration with other economic corridors.

For his part, Levitin stressed his country’s desire to strengthen cooperation with Iraq at various levels and levels.

The Assistant to the Russian President heads a delegation with the membership of Kharchenko Andrey, Assistant Levitin, and Alexei Sagal, an economic adviser, along with the Ambassador of the Russian Federation to Iraq Elpros Kotterev, and the third secretary of the embassy, Alexei Dobrinin.

In the second meeting, the Iraqi Minister of Transport reviewed the importance of the development road project and its economic feasibility for Iraq, the countries of the region and the world.

According to a statement issued by the Ministry of Transport, the minister touched on the large port of Faw project and its great importance for the development path, stressing that the Iraqi government has a clear vision to manage and operate the port in the best way, through the use of expertise and international companies specialized in port management.

The statement said that Al-Saadawi assured the Russian side that Iraq aspires to find economic integration among the countries of the region, noting that its strategic location qualifies it to be a kiss for global investment.

In turn, Levitin confirmed to the minister his country’s serious desire to enhance joint cooperation, especially in the transport sector, expressing his government’s readiness to participate in the development path project and exchange experiences in all fields of transport, according to the statement.

It is noteworthy that the value of the development road project is estimated at $17 billion to connect an important port “the large Faw port” for goods on the southern Iraqi coast to the border with Turkey through the extension of a railway network and roads.

The development route aims to connect the port of Faw in oil-rich southern Iraq to Turkey, turning the country into a transit hub, in a short travel time between Asia and Europe in an effort to rival the Suez Canal.

The Iraqi government has the perception that high-speed trains will transport goods and passengers at a speed of up to 300 kilometers per hour, in addition to laying lines to local industry and energy centers that could include oil and gas pipelines.

According to the plans, the main transport routes will be connected to the main port of Faw on the shores of the Gulf by modernizing and building more than 1.2 thousand kilometers of railways and highways linking Iraq with neighboring countries.