Conference on Iraq's reconstruction begins in Kuwait

World Bank official urges investment in Iraq

"Rebuilding Iraq is restoring hope to Iraq, and restoring the stability of Iraq is stabilising the states of the region and the world", said Planning Minister Salman al-Jumaili, adding that the reconstruction was therefore also the responsibility of the worldwide community.

"I don't think that in any other part of the world there are such investment opportunities", Badr said in a speech at the Kuwait Chamber of Commerce and Industry, giving as an example a Lebanese firm making a 24 per cent return on its stake in a luxury hotel in Erbil, the capital of the Kurdish region of northern Iraq.

Qusai Abdelfattah, director general at the planning ministry, said $22 billion of those funds were needed immediately and the rest for the medium term. "We hope French expertise will be used for the reconstruction", Iraq's Foreign Minister Ibrahim al-Jaafari replied.

Iraq has published a list of some 157 projects for which it is seeking private investments at the conference, which some 1,900 delegates representing foreign governments, private firms and NGOs have registered to attend.

However, the secretary-general of Iraq's Council of Ministers Mahdi al-Alaq said nations could it help by acting as guarantors with worldwide lenders.

Kim Jong Un invites South Korean President Moon to Pyongyang
Pence and the North Korean delegation, who both attended the Games opening ceremony, had no contact with each other. United States forces surround North Korea with a ring of warships, tanks, soldiers and missiles in the Pacific.

Oklahoma City Thunder vs. Memphis Grizzlies - 2/11/18 NBA Pick, Odds, and Prediction
To start the game, George came guns blazing and made six of his first seven shots to finish with 16 points in the opening quarter. Unlike the Lakers' chant, George fully acknowledged that he heard the cheers, according to ESPN's Royce Young .

Koreas share historic handshake at Olympic opening ceremony
The officials say she responded that she was fine thanks to the president's caring arrangement. Such a meeting, if it came about, would mark the first inter-Korea summit since 2007.

"If the global community doesn't help the government of Iraq to stabilize these areas [devastated by the war] the gains against Daesh could be at risk", she said, using the Arabic acronym for ISIS.

Interviewed by MENA, Mahlab said President Abdel Fattah el Sisi made directives on the necessity of standing by Iraq in order to benefit it from Egypt's pioneering expertise in the reconstruction fields and help Baghdad in rebuilding areas damaged by terrorists.

Iraq has been dogged for decades by violence and instability.

He reiterated that Egypt is keen on extending its unique expertise in the accomplishment of mega national projects in a record time to Iraq, especially that the war-torn country needs a lot of logistic services as soon as possible like projects in the fields of energy, hospitals and schools, to pave the way for the return of thousands of displaced people.

Related News:



Most liked

Barclays faces trial over $3 billion Qatar loan
It extends a charge brought against the parent firm for "unlawful financial assistance" last July. The new charges are in addition to those already levied against Barclays Plc .

Mulvaney says Trump budget will have money for wall
The U.S. government spends more money than it brings in through revenue, a gap known as the budget deficit. Again, this plan puts a much greater burden on local taxpayers and users.

Over 55s flock to Facebook as teenagers leave in droves for Snapchat
Facebook's problem is due to SNapchat , which has doubled its take-up rate among social site users to 43%. Zuckerberg has pledged to spend this year "making sure that time spent on Facebook is time well spent".

Winter Olympics 2018: North and South Korea march together
The agreement was seen as a breakthrough given the Koreas had not marched together at an Olympics for more than 12 years. At South Korea's Blue House, the sister of the North Korean leader left a warm message.

Some people who screenshot Instagram Stories are getting flagged
With this new feature, a circle shutter icon will display next to the name of the account that has screen grabbed your content. Alternatively, you can also resort to a dedicated third-party app, like Story Reposter , to pull off the same trick.

Jacob Zuma's Exit From South Africa Presidency to Be Finalized Monday
A Council Expert's Brief will soon appear on the resignation. "It brings hope that there is a new venture we are getting into". In 1997, he became the deputy president of the ruling ANC , and was then named as South Africa's deputy president in 1999.

'Stupid' - Antonio Conte sends out a warning to Chelsea hierarchy
Antonio Conte relied on a core of players to get the west London side over the line in the title race last season. "I think that I'm the type of coach who, if I have a player who is [a] six, I bring him to an eight", he added.

South and North Korean officials continue exchange during Olympics
But conservatives in the South are furious at the initiative, accusing President Moon Jae-in of being a North Korean sympathiser. Others chanted 'Let's tear Kim Jong-un to death!' while tearing up a picture of the North Korean leader.

Harry Redknapp: 'Harry Kane will stay loyal to Tottenham Hotspur'
I think we had the capacity to push them and create many, many chances, but it was an unbelievable game and I'm very pleased. Arsene Wenger waxed lyrical about Harry Kane's goal as Arsenal were beaten in Saturday's north London derby.

Kendrick Lamar's 'All The Stars' Video Accused Of Plagiarism
After listening to Black Panther soundtrack, there is no doubt that the K dot produced album has come straight from his top drawer.

Tillerson Set To Visit Middle East Amid Rising Tensions In Syria
The timing is sensitive: El-Sissi is seeking a second four-year term with no serious contenders in a March presidential election. The United States has suspended $195 million in military aid over concerns about human rights and democracy.

Syria pounds Ghouta for fifth day, toll hits 220 By
Negotiations on the proposed measure are to begin on Monday, and diplomats said it could quickly come to a vote at the council. Moscow has repeatedly blocked action in the council that would put pressure on Syrian President Bashar al-Assad.

Cyclone Gita heads for Tonga
Although the centre of the cyclone will not pass over Viti Levu, people are expected to experience strong winds and heavy rain . Reliable models are showing the storm reaching New Zealand anywhere from this Sunday to next Wednesday with varying intensity.

Australian sites compromised by malware that forces visitors' computers to mine cryptocurrency
The makers of Browsealoud , Texthelp, confirmed that hackers inserted a script known as Coinhive into their software. The Browsealoud service has been temporarily taken offline and the security breach has already been addressed.

Trump plans to privatise International Space Station
As the Post notes, the station is no stranger to private industry; Boeing now operates it at a cost of $3 to $4 billion a year. The unmanned spaceship was aiming to reach the station in a record-breaking three-and-a-half hours.