Tishwash: Iraq and France Discuss Boosting Economic Ties
Iraq’s Minister of Trade, Dr. Atheer Daoud Al-Ghurairi, met on Tuesday with French Ambassador to Baghdad, Patrick Durel, to explore ways of enhancing bilateral cooperation, particularly in the economic and investment sectors.
Al-Ghurairi emphasised Iraq’s commitment to creating an attractive investment environment and highlighted the country’s promising opportunities across various sectors. He invited French companies to participate in a “Made in France” exhibition in Iraq and proposed a joint forum for Iraqi and French private sectors to present investment projects and explore partnerships.
The two officials also discussed strengthening cooperation in trade, agriculture, and healthcare.
Ambassador Durel praised Iraq’s ongoing economic reforms aimed at improving the business climate. He formally invited Minister Al-Ghurairi to visit France to deepen coordination and expand areas of cooperation.
Both sides agreed to continue joint efforts to broaden business engagements and reinforce economic and commercial relations for the mutual benefit of the two countries. link
Tishwash: Minister of Environment: Carbon projects will provide additional income for Iraq and attract international investments.
Environment Minister Helo Al-Askari confirmed on Wednesday that carbon projects will provide additional income for Iraq and attract significant international investments.
“Iraq faces major environmental challenges, including rising temperatures, low rainfall, water scarcity, and declining water levels in rivers and water bodies. This has led to a significant decline in biodiversity and an increase in desertification, which has resulted in the displacement of a number of villagers and rural residents in some areas to other areas, which will cause future problems for the receiving regions in terms of social, political, environmental, and economic aspects,” the Minister of Environment said during the first international conference on carbon economics, which was followed by Al-Masry.
The Minister of Environment explained that “these factors have prompted the Iraqi government to pay attention to the environmental file and related issues. One of the most notable achievements of the government of Prime Minister Mohammed Shia al-Sudani is the establishment of the General Company for Carbon Economics within the Ministry of Environment.” He indicated that “this company not only works to issue carbon bonds, but also seeks to implement environmental improvement projects to preserve Iraq’s environment.”
The Minister affirmed that “Iraq is witnessing an urban, political, economic and social renaissance, and the features of an environmental renaissance have begun to appear, in accordance with the Prime Minister’s directives to maximize and diversify the financial revenues of all ministries. Our ministry, through the efforts of all, has been able to establish the General Company for Carbon Economics and work with relevant national and international bodies to attract international companies to the country for investment, which will contribute to securing an additional source of income for Iraq.”
He pointed out that “the ministry has achieved a major accomplishment through the General Company for Carbon Economics, attracting the interest of international companies, including the global specialist company Olefin, which has pledged to invest £2 billion in the first phase of the project.” link
**************
Tishwash: Erbil International Fair: A Vital Platform for Attracting Investors
The 15th Erbil International Construction, Electricity, and Energy Exhibition is a key meeting point for investors and owners of industrial and commercial companies from inside and outside Iraq, reflecting the vitality of the industrial and commercial sector in the region and the country as a whole. The exhibition, which will run for several days, features more than 250 local, Arab, and foreign companies specializing in construction, equipment, and building materials, providing a great opportunity to exchange expertise and establish new partnerships that enhance investment opportunities and economic development.
The exhibition’s general manager, Kuran Saad Abdullah, told Al-Sabah that the local government in the Kurdistan Region attaches great importance to the exhibition and is working in coordination with relevant government ministries and directorates to support its activities. The exhibition has attracted wide participation from 16 Arab and foreign countries, including 34 specialized Chinese companies, which reinforces the exhibition’s importance as a regional and international center for trade and industry.
The exhibition provides an integrated platform that brings together specialists in the fields of infrastructure, housing, and various investment projects. Participating companies showcase the latest products, services, and advanced technologies that meet the demands of the local and regional markets.
Abdullah pointed out that the exhibition’s activities include a global trade conference, which will include extensive discussions on opportunities and challenges in the industrial and investment sectors, with the attendance of senior government officials, diplomats, and relevant authorities.
He explained that entry to the exhibition is limited to companies, investors, and specialized visitors via a barcode system, and will be open from 10:00 a.m. to 7:00 p.m. The exhibition will continue until tomorrow, Friday, allowing those interested in building business relationships and strengthening their presence in the market. link
