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[size=36]British newspaper: the protests in Iraq negatively affect the economy .. the most vulnerable suffer[/size]
Political | 10:40 - 20/12/2019
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Mawazine News,
The British Daily Mail newspaper, on Friday, shed light on the impact of the protests that Iraq is witnessing on the economy, while indicating that the poor are the ones suffering.
"While the smoke traces are still rising from the remains of another night of violence, the workers came in the morning to save the goods that they can get from the burning warehouses in the Shorja commercial area in central Baghdad," the newspaper said in a report translated by Mawazine News.
She added, "The boxes were thrown on boxes of clothes, cosmetics, and household goods that merchants store in the most prosperous market in the country on pickup trucks to take them from Rashid Street, a historic road that for weeks has been witnessing ongoing violence between anti-government protesters and security forces."
"The shops across the noisy street were closed one day, as bargain hunters were replaced by a series of bullets from time to time," she said.
One of the merchants called Salah Reda said, "We are loading and leaving ... My goods are worth more than $ 1.5 million, half of which is gone and the other half destroyed ... Who will replace me?"
With the Iraq uprising without leadership now in its third month, the protracted hostilities in the streets, internet outages, dead ends and the general atmosphere of instability pose risks to the Iraqi economy in particular, and unrest hampered the most fragile sector in the country's economy, the private sector, where it faced Business owners suffer losses from commodities and market turmoil and from consumers who are spending their spending in fear of the future, according to the newspaper.
The newspaper pointed out that "until now, the unrest has not significantly affected the main economic lifeline in Iraq, which is oil that brings between 6 and 7 billion dollars a month, or up to 90% of the state's revenues. Oil exports have not faced unrest, According to senior officials at the Ministry of Oil, production was not affected by regular sit-ins blocking the roads leading to the main oil fields in the south, home to the vast majority of Iraqi oil resources.
One of the founders of the "Northern Gulf Partners", a border investment company with experience in Iraq, said that "future investment has now become a question. Foreign investors have withdrawn from energy deals and other sectors, concerned about the extent of Iranian influence in Iraq, which was highlighted by the campaign." The heightened security of the demonstrations. "
He added: “We had an American supporter ready to commit to putting money in Iraq, and they turned around and said:“ Look at everything I read that says this is where the Iranians take control and I will not put my money in there. ”
Other investors worried about slow talks about forming a government new after the resignation of Prime Minister Adel Abdul Mahdi , in the face of protests. is expected to determine the standing political new candidate blocs consensus for prime minister this week.
and caused the reform measures taken for the retirement of the general managers of key who are over sixty years of age in the concern companies that have established Tja relations Yeh with bureaucrats, it is ironic that the same issues raised by the demonstrators in the street , which, including corruption, bureaucracy and the lack of adequate public services has long been a factor discouraging investment.
Two industry officials who were in the middle of negotiating lucrative energy contracts said they had taken a step back - "until the dust settles," one of them said, both of whom spoke on condition of anonymity not to hinder future talks with the government.
The periodic closure of the road by the demonstrators leading to the two main commodity ports in Iraq in Umm Qasr and Khor Al-Zubayr has resulted in the suspension of commercial activity several times. To compensate, large quantities of goods were imported across the border crossing with Turkey in the north in late November.
Hussein Ali, a potato dealer, said that "the delay in Umm Qasr cost him up to $ 6000 per container, so he chose the northern overland route."
There are no figures to know the exact economic losses incurred by the protests, because disturbances, when they occur, are often temporary or reliable data that are difficult to obtain.
"The protests cost Iraq $ 6 billion within a month," said the military spokesman for the prime minister, Major General Abdul-Karim Khalaf, "This figure is unlikely, because it will require major setbacks in oil profits," according to Associated Press accounts.
In the Shorja market, the main wholesale market in Baghdad, merchants say they have seen a drop in daily profits since the protests began in October, partly because customers buy less and partly because of the turmoil on Rashid Street, where most of them store their goods.
In southern Iraq, an increasing number of owners of medium and small companies are falling behind on making monthly payments on bank loans, according to an official at the Iraqi Private Banking University, who asked not to be named because he is not authorized to speak to the media.
"The e-commerce sector in Iraq has been decimated by the massive cuts imposed by the authorities on the Internet in October and November in an unsuccessful attempt to suppress the protests," said Mujahid Weissi, an entrepreneur and founder of KAPITA, which is set to launch early next year.
"Even with the restoration of the Internet, because most of these elements are not necessary, people are afraid to buy because of the situation ... They want to keep money in their hands," Wessey said, "Moreover, startups of e-commerce are reluctant to promote their services online, fearing that Protesters criticize her as unpatriotic. "
"It has not been 25 days since work began," said Mohammed Hamid, a worker on Rashid Street. He said that the store owner he was working with told him that he did not even come - "How will I pay ... your weekly salary when I closed?"
The British Daily Mail newspaper, on Friday, shed light on the impact of the protests that Iraq is witnessing on the economy, while indicating that the poor are the ones suffering.
"While the smoke traces are still rising from the remains of another night of violence, the workers came in the morning to save the goods that they can get from the burning warehouses in the Shorja commercial area in central Baghdad," the newspaper said in a report translated by Mawazine News.
She added, "The boxes were thrown on boxes of clothes, cosmetics, and household goods that merchants store in the most prosperous market in the country on pickup trucks to take them from Rashid Street, a historic road that for weeks has been witnessing ongoing violence between anti-government protesters and security forces."
"The shops across the noisy street were closed one day, as bargain hunters were replaced by a series of bullets from time to time," she said.
One of the merchants called Salah Reda said, "We are loading and leaving ... My goods are worth more than $ 1.5 million, half of which is gone and the other half destroyed ... Who will replace me?"
With the Iraq uprising without leadership now in its third month, the protracted hostilities in the streets, internet outages, dead ends and the general atmosphere of instability pose risks to the Iraqi economy in particular, and unrest hampered the most fragile sector in the country's economy, the private sector, where it faced Business owners suffer losses from commodities and market turmoil and from consumers who are spending their spending in fear of the future, according to the newspaper.
The newspaper pointed out that "until now, the unrest has not significantly affected the main economic lifeline in Iraq, which is oil that brings between 6 and 7 billion dollars a month, or up to 90% of the state's revenues. Oil exports have not faced unrest, According to senior officials at the Ministry of Oil, production was not affected by regular sit-ins blocking the roads leading to the main oil fields in the south, home to the vast majority of Iraqi oil resources.
One of the founders of the "Northern Gulf Partners", a border investment company with experience in Iraq, said that "future investment has now become a question. Foreign investors have withdrawn from energy deals and other sectors, concerned about the extent of Iranian influence in Iraq, which was highlighted by the campaign." The heightened security of the demonstrations. "
He added: “We had an American supporter ready to commit to putting money in Iraq, and they turned around and said:“ Look at everything I read that says this is where the Iranians take control and I will not put my money in there. ”
Other investors worried about slow talks about forming a government new after the resignation of Prime Minister Adel Abdul Mahdi , in the face of protests. is expected to determine the standing political new candidate blocs consensus for prime minister this week.
and caused the reform measures taken for the retirement of the general managers of key who are over sixty years of age in the concern companies that have established Tja relations Yeh with bureaucrats, it is ironic that the same issues raised by the demonstrators in the street , which, including corruption, bureaucracy and the lack of adequate public services has long been a factor discouraging investment.
Two industry officials who were in the middle of negotiating lucrative energy contracts said they had taken a step back - "until the dust settles," one of them said, both of whom spoke on condition of anonymity not to hinder future talks with the government.
The periodic closure of the road by the demonstrators leading to the two main commodity ports in Iraq in Umm Qasr and Khor Al-Zubayr has resulted in the suspension of commercial activity several times. To compensate, large quantities of goods were imported across the border crossing with Turkey in the north in late November.
Hussein Ali, a potato dealer, said that "the delay in Umm Qasr cost him up to $ 6000 per container, so he chose the northern overland route."
There are no figures to know the exact economic losses incurred by the protests, because disturbances, when they occur, are often temporary or reliable data that are difficult to obtain.
"The protests cost Iraq $ 6 billion within a month," said the military spokesman for the prime minister, Major General Abdul-Karim Khalaf, "This figure is unlikely, because it will require major setbacks in oil profits," according to Associated Press accounts.
In the Shorja market, the main wholesale market in Baghdad, merchants say they have seen a drop in daily profits since the protests began in October, partly because customers buy less and partly because of the turmoil on Rashid Street, where most of them store their goods.
In southern Iraq, an increasing number of owners of medium and small companies are falling behind on making monthly payments on bank loans, according to an official at the Iraqi Private Banking University, who asked not to be named because he is not authorized to speak to the media.
"The e-commerce sector in Iraq has been decimated by the massive cuts imposed by the authorities on the Internet in October and November in an unsuccessful attempt to suppress the protests," said Mujahid Weissi, an entrepreneur and founder of KAPITA, which is set to launch early next year.
"Even with the restoration of the Internet, because most of these elements are not necessary, people are afraid to buy because of the situation ... They want to keep money in their hands," Wessey said, "Moreover, startups of e-commerce are reluctant to promote their services online, fearing that Protesters criticize her as unpatriotic. "
"It has not been 25 days since work began," said Mohammed Hamid, a worker on Rashid Street. He said that the store owner he was working with told him that he did not even come - "How will I pay ... your weekly salary when I closed?"
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