Wed. AM TNT News Articles 7-28-21

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TNT

Tishwash:
The increase in the wealth of the Iraqi individual.. and this is his share of the GDP

The Swiss Credit Suisse Bank revealed , on Wednesday, that the size of the Iraqi individual’s wealth amounted to more than 14 thousand dollars until 2020, and his share of the gross domestic product amounted to more than 8 thousand dollars.

According to the Global Wealth Report for the year 2021 issued by the Swiss Bank Credit Suisse and seen by Shafak News Agency, “the wealth of the Iraqi individual rose from 2,808 thousand dollars in 2000 to 14,506 thousand dollars in 2020, that is, it jumped by 416.6 percent during two decades, while it reached The total wealth in Iraq is 308 billion dollars, which constituted 0.07 percent of the total wealth in the world in 2020, and the per capita GDP reached 8,204 thousand dollars.

According to the Credit Suisse report, “Switzerland was ranked as the richest country in the world in terms of average wealth per capita of nearly $674,000, and the United States came in second place, with an average per capita wealth of $505.42 thousand.”

Hong Kong ranked third in the list, with a wealth of 503.34 thousand dollars for each person. Australia came fourth with an average of 483,760 thousand dollars, while the Netherlands came in fifth place with an average wealth per capita of 377.09 thousand dollars per person. Denmark came sixth with an average of 376,000 dollars, and Belgium came seventh. An average of $351,000.

In the Arab world, Qatar came first in terms of average wealth per capita, with an average of 146.73 thousand dollars, followed by the UAE with an average of 115,476 thousand dollars per person, and Bahrain ranked third with 87,559 thousand dollars per person.

The Credit Suisse report measures average individual wealth based on per capita GDP, stock market indices, stock and asset prices, the exchange rate, and real estate prices.   link

AL-KAZEMI ARRIVES AT THE AMERICAN CHAMBER OF COMMERCE TO MEET WITH A NUMBER OF BUSINESSMEN

Today, Tuesday, Prime Minister Mustafa Al-Kazemi arrived at the American Chamber of Commerce to meet with a number of businessmen.

Al-Iraqiya News Channel said in a news item followed by the “National News Center”, that Prime Minister Mustafa Al-Kazemi arrived at the headquarters of the American Chamber of Commerce in Washington to meet with a number of businessmen.

It is noteworthy that Prime Minister Mustafa Al-Kazemi arrived the day before Sunday in the American capital, Washington, at the head of a high-ranking government delegation.   link

Al-Kazemi and the President of the World Bank discuss supporting housing project plans

Prime Minister Mustafa Al-Kadhimi and World Bank Group President David Malpass discussed supporting the Iraqi government’s plans for housing projects

Al-Kazemi’s office said in a statement, “The Prime Minister met at his residence in the American capital, Washington, the President of the World Bank Group, David Malpass and his accompanying delegation, and during the meeting, they discussed joint cooperation in various fields, supporting the Iraqi government’s efforts in administrative reform and combating corruption, and supporting Capacity building for Iraqi institutions, public sector reform, and banking sector reform efforts

According to the statement, the meeting discussed “cooperation with regard to financing infrastructure projects in Iraq, in the areas of water, airports, natural gas and clean energy projects, especially solar energy to generate electric power.

Al-Kazemi stressed “the importance of developing cooperation with the World Bank and ways to develop it,” urging “the speedy disbursement of more than one billion dollars, available as loans to the World Bank, to support the government in projects ready for implementation inside Iraq.

Al-Kazemi discussed with the President of the World Bank Group, “supporting the Iraqi government’s plans in housing projects, and encouraging investments in this sector by American companies, and other companies.    link

Al-Kazemi: The doors of Iraq are open to investment and American companies in particular

Prime Minister Mustafa Al-Kazemi spoke during his meeting with the Businessmen Forum and the American Chamber of Commerce, indicating to them that Iraq’s doors are open to investment, and American companies in particular.

He added, “The Iraqi government has taken bold measures towards real reforms in the economy, the most important of which is strengthening credit activity in the banking sector, and we have begun to address weak infrastructure despite the budget deficit, by encouraging private sector investments.”

He continued, “The government has put forward clean energy projects through competitive and transparent bidding, which resulted in attracting the largest international companies in the field of solar energy, and we are now in negotiations with the largest international companies to grant 7,500 megawatts in the field of solar energy during the next two years.”

And Al-Kazemi said, “The government has begun to address the housing crisis through a package of measures, the most important of which is the initiative of government banks, and a number of private banks to offer low-cost and long-term loans to support the purchase of housing units, and this will also help encourage investment in the real estate sector, and this initiative helped activate a number of discontinued projects.

He stated that “corruption is being fought and state resources are preserved, and one of the most important measures is the cancellation of licenses in fake and lagging projects that are behind the mafias of economic and political corruption,” noting, ” In a short period, we have achieved great progress in the investment sector, and there is great work in the field of oil and energy.” and clean energy in particular. We have launched strategic projects in the field of gas and the investment of associated gas, in cooperation with American companies.”

He also said that “Iraq’s doors are open to investment, and American companies in particular, and our vision is serious in relying on Western investments instead of others, and we need your cooperation in order to achieve this.”   link

Source: Dinar Recaps

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