Wed. AM TNT News Articles 7-14-21



Workshop: The white paper guides the paths of economic reform

The inaugural workshop for the launch of the private sector development and employment promotion project, with the support of the European Union and the German Federal Ministry for Economic Cooperation, focused on the importance of cooperation between Iraq and the international effort in order to overcome economic problems and achieve sustainable development by making use of the white paper to determine the paths for starting reform work in the economic aspects, Job opportunities for youth.

The workshop, organized by the German Agency for Joint International Action (GIZ), in cooperation with local partners, the Ministry of Planning and Development Cooperation, the Ministry of Higher Education and the Integrity Commission, stressed the importance of cooperation in dealing with economic problems, financing projects related to youth and fighting corruption. 

Business integrity

A representative of GIZ said that the project’s goal is to create jobs, support development and develop the economy, and support investment and the private sector. Funding amounting to $19 million has been obtained.

private sector

The Ambassador of the European Union in Iraq, Martin Huth, said: “The Iraqi economy faces major problems, and we agree that solving problems requires cooperation and effort to reach the goal,” noting that “the private sector provides a good job opportunity, and here we work to pay attention to the work environment and activate the capabilities of the private sector in order to absorb the largest segment of citizens}.

He pointed out that “there is great progress in working with partners to achieve reforms,” pointing out “the launch of new support for projects that serve the economy and enhance the capabilities of youth and the country.” 

small projects

In turn, the advisor to the Minister of Agriculture spoke 

Dr.. Mahdi Damad Al-Qaisi on the importance of the youth development project and supporting small projects, as these projects achieve great economic returns and global experiences have proven their importance in the progress and development of the economy and addressing most problems  Economic. 

great fortunes

He pointed out that {Iraq contains great wealth and job opportunities on a large scale, which requires work to supply advanced technology and transfer it to various sectors in most regions of the country}.

Julia from GIZ said: {The white paper is an important focus in our work, as it provides us with the possibility to determine where to start and according to importance or priority}, pointing out that {the agency supports the work environment, as well as supports the government’s economic policy with regard to women’s employment and automation, and projects Others deal with interest in youth and the business environment.  

The representative of the Ministry of Planning d. Alaa El-Din Jaafar emphasized {the importance of cooperation with GIZ for its positive impact in addressing economic problems}, pointing to (the importance of knowing the priorities for the projects supported by the organization).   link

Fast Food and Kindergarten.. The US Embassy announces support for hundreds of Iraqi companies

On Wednesday, the US Embassy in Baghdad announced the support of hundreds of Iraqi companies.    

And the embassy stated in a statement that “NAS” received a copy of it, (14 July 2021), “We have been proudly able to help some small and medium companies (SMEs) in Nineveh and the northern part of Iraq to grow their business. Until now.”  

She added, “We have provided support to more than 340 small and medium-sized companies to help improve their business performance and have facilitated 40 companies to obtain financing with a total amount of approximately $1 million through the USAID-funded Nineveh Investment Facility Initiative.”  

“We are proud to support small and medium businesses such as Smart Kids Kindergarten in Nineveh Governorate in Alqosh, Al-Baghdadi Fast Food in Erbil, owned by a refugee from the Nineveh Plains, and the Sulaymaniyah-based Black Ice Information Technology,” she added.    link

Source: Dinar Recaps


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