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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The green economy and diversity... major projects and challenges that will reap their fruits later -

    Rocky
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    • Post n°1

    The green economy and diversity... major projects and challenges that will reap their fruits later - Empty The green economy and diversity... major projects and challenges that will reap their fruits later -

    Post by Rocky Sun 28 Apr 2024, 7:16 am

    The green economy and diversity... major projects and challenges that will reap their fruits later - Urgent
    [You must be registered and logged in to see this link.] |Today
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    Baghdad today - Baghdad
    Today, Sunday (April 28, 2024), financial affairs expert Alaa Glob Al-Fahd commented on Iraq’s financial situation, stability and development during the next stage, in light of the high financial deficit in its annual budget.
    Al-Fahd said, in an interview with "Baghdad Today", that "there are multiple indicators of the financial situation in Iraq, most notably the cash reserve, the volume of investment and oil production," noting that "there are several indicators that indicate financial and economic stability, including the establishment of new investment projects and the diversification of the economy."
    Al-Fahd added, “Any amount of increased spending to establish investment projects in the first phase will have an impact on the economic situation,” adding, “But after the completion of these projects, there will be important financial revenues that lead to economic diversification, especially since the development road project has financial costs.” Very large, as well as the Al-Faw port project, traffic congestion relief projects, and others.”
    He explained that "the increase in the volume of spending or the increase in the financial deficit," stressing that "this is not considered a negative indicator of the financial situation, but rather a positive indicator in light of the movement of various investment projects. However, if there is inflation in spending and it goes towards consumption, then here are the indicators." Negative impact on the Iraqi financial situation.
    The expert in financial matters confirmed, “The current financial situation of Iraq through investment, green economy, gas investment, economic diversification, and others are all positive indicators, and this confirms that the financial situation is stable, and this situation is on the verge of a state of greater recovery and stability.”
    The Minister of Transport, Razzaq Muhaibas, announced today, Tuesday (April 16, 2024), that Iraq plans to operate Al-Faw Port in the middle of next year and the development road in 2029. 
    The Minister of Transport said in a statement received by “Baghdad Today”: “We will work to operate the Grand Al-Faw Port in mid-2025, and it will join the development path in 2029.”
    He explained that "it will be one of the most important strategic projects in Iraq and the region." 
     On (April 6, 20204), the World Bank expected that Iraq would enter the global trade route once the large port of Al-Faw was operational.
    During his visit to Al-Faw Port, Director of the World Bank’s Transport Sector in the Middle East and North Africa region, Ibrahim Dajani, wrote a tweet, which Baghdad Al-Youm viewed, “Once Al-Faw Port is occupied, Iraq will be placed on the path of global trade between the East and Europe, which will provide opportunities for investment in the centers.” Logistics, industrial and commercial activities, as it will provide job opportunities for young women and men.”
    He added, "I am happy with the Iraqi government's decision to enter into a partnership with the World Bank to achieve this important endeavor."
    The large port of Al-Faw is located on the Al-Faw Peninsula, south of Basra Governorate. The cost of the project is about 5 billion dollars, with a total area of ​​54 square kilometers. The capacity of the planned port is estimated at 99 million tons annually, to be one of the largest ports overlooking the Gulf and the tenth largest in the world.
    Iraq has completed the construction of more than 60% of an undersea tunnel linking the coastal region to international trade links through what is known as the development road with Turkey.
    By the year 2038, Iraq is expected to earn $4 billion from the new port activity, to which indirect revenues will be added, such as transit services through the development road extending to Turkey and Europe, which competes with several global trade lines, thanks to the reduction in time.
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