Kuwait is looking forward to an active role in the investment operations in Iraq

Kuwait is looking forward to an active role in the investment operations in Iraq


3/17/2014 - BAGHDAD - Hussein al-Tamimi Tgb

Promote economic cooperation between Iraq and Kuwait in all fields of interest to women's empowerment and ways to share the developmental system interactions was the most prominent recommendations of the Iraqi Women's Forum - Kuwaiti businessman who organized under the auspices of Trade Bank of Iraq in cooperation with the National Investment Commission.

The principle of partnership

The recommendations also promote the principle of partnership in the organization of programs and investment initiatives between the National Investment Commission and the Kuwaiti society of businesswomen and businesswomen in Iraq. As well as the assignment of a number of government investment projects to the Iraqi businesswomen and Arab women experienced. As well as seeking to embrace the idea of establishing a development bank Iraqi Kuwaiti joint activities to support women's economic paths.

Joint efforts

Forum began a speech which was followed by the Prime Minister on behalf of the Minister for Women invocation Zaidi and focused on the development requires joint action between the relevant authorities, represented by the authorities of the three executive, legislative and judicial branches with local governments and civil society organizations and private sector companies and international organizations.

She noted the considerable efforts made ​​to empower women economically and activating its role in development through programs for the development of the private sector and open the door of lending to women and men alike in the fields of industry, agriculture, commerce, housing and without benefits. As well as providing specialized training programs to enable women to manage economic projects.

Businesswomen

She noted the high number of women entrepreneurs in the country after 2003 significantly and the entry stage of Iraq's economic openness and the expansion of the door to work and give women employment contracts, where there are 6060 women possess identity Baghdad Chamber of Commerce and in 1038 a woman with companies registered at the Ministry of Commerce in different jurisdictions.

Chairman of the National Investment Commission d. Sami al-Araji, said in an interview (morning) the importance of communication between Iraq and Kuwait, economically and be the biggest contribution of Kuwaiti companies in the fields of the Iraqi economy and beyond the oil and petrochemical industries to include other sectors.

Investment Protection

He noted that the Council of Ministers agreed to ensure investment protection agreement between Iraq and Kuwait had occurred during the past few months and is on track to ratification in parliament.

Director general TBI Hamdiya Dry said in an interview (morning): The bank initiated the organization of this event to activate the bridges of economic cooperation between Iraq and Kuwait, pointing to a positive impact where companies have Kuwaiti advanced technology and expertise to international standards can be transferred to Iraq through the joint cooperation between the two sides.

She pointed out that the presence of Kuwaiti businesswomen in Iraq stems from a genuine desire to start stage joint economic cooperation and enter into the world of domestic investment and take advantage of the great opportunities available within Iraq and in all sectors.

Private sector women

After that indicated CEO of Kuwait Energy Sara Akbar in an interview for the (morning) that the aim of the presence of businesswomen Kuwaiti women to Baghdad comes to activate the ties of cooperation with the Iraqi businesswomen and be our role prominent in the reconstruction of Iraq, as well as supporting the reality of work to create a private sector female actor, and pointed out that this meeting is the beginning of the road for joint cooperation between the two sides and to achieve partnerships verify the economic feasibility of the country.

Federation of Chambers of Commerce Iraqi was attending an active through was confirmed by Federation President Jaafar al-Hamdani from that step TBI is a good initiative, and take many positives benefit both sides, pointing out that the Union took the initiative to establish a center for businesswomen in order to activate the role of women in economic development.

He stressed that many of the projects carried out by the Iraqi businesswomen and can do this role through partnerships that can be carried out between the business community in the annual two countries.

Kuwaiti experiences

He, in turn, board member of the Federation of Chambers of Commerce, Alaa Al-Nouri said the past few months have seen continued private sector in the two countries through meetings organized to discuss cooperation mechanisms and employ capital and expertise in the Kuwaiti construction and reconstruction processes taking place in the country.

He pointed out that the Union supporter of such gatherings aimed at women's human capacity development feminism and make it able to carry out large strategic projects.

358 billion dollars

She, in turn, director general of the Economic Department at the National Investment Commission d. Akram Al-Aqil that the volume of money in circulation by the Arab businesswomen the boat (358) billion dollars in 2012 and that 20 percent of the total wealth of the region Khalejiat women running, so we can say that money, however, women can be heading towards growth.

7 training opportunities

Activities of the forum also included a speech by director general of the Arab investment books Engineering Engineered Sheikha Arfaj in which he said that Kuwaiti women have been able to delve into all aspects of the economy, and has gained considerable experience through friction with the evolving global effort and periods of cohabitation she spent with the best global companies.

He announced during the forum for a positive gesture adopted by Kuwait Energy Company hosted seven students from the petroleum engineering departments for a period of two weeks in a specialized program included field visits to oil fields in Kuwait and lectures by workers in the company's various departments.


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