Clare: Billionaire Sawiris intends to launch a giant project in Baghdad
7/12/2023
The billionaire, Naguib Sawiris, confirmed his intention to “launch a huge real estate project in Iraq”, which represents the return of the Egyptian businessman to the Iraqi market, in which he previously invested in the telecommunications sector about 20 years ago.
Sawiris revealed in a press statement that the project will be developed through his company, ORA Development, while he did not disclose the size of the investments allocated for the project.
Sawiris had posted on his account on the “Twitter” platform a picture that brought him together with Prime Minister Muhammad Shia’a al-Sudani, referring to a fruitful meeting that brought them together and the direction to launch a giant project in the capital, Baghdad.
The experience of investing in real estate development in Iraq is the first for an Egyptian businessman, but he previously worked in the Iraqi telecommunications market in 2003 through the “Iraqna” mobile network, from which he later graduated.
Sawiris previously stated that he is studying investing in electric car charging in Morocco, expressing his willingness to pump $100 million into the Kingdom as an initial investment if the right opportunity becomes available.
He also announced his intention to build two new hotels on the northern coast, and hotels in the capital, Cairo, near the pyramids and the new Egyptian Museum, “at a cost of 200 to 300 million dollars per hotel, and some of the investments allocated for its development may exceed this value,” he said. LINK
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Clare: Adviser to the Prime Minister: The government’s vision aims to transform Iraq into an investment-attractive country
7/12/2023 Baghdad
The political advisor to the Prime Minister, Fadi Al-Shammari, confirmed, on Wednesday, that the government’s vision aims to transform Iraq into a country that attracts investment by improving the business environment and developing the country’s
infrastructure.
Al-Shammari explained that the government realizes that incoming investment plays a crucial role in promoting economic development, creating job opportunities, improving the quality of life of citizens, diversifying the base of the Iraqi economy and developing non-oil sectors, and on this basis, the goal of the government of Muhammad Shiaa al-Sudani is to simplify bureaucratic procedures and enhance transparency in granting vacations. investment by making amendments to government decisions related to investment.
And Al-Shammari indicated that the amendments made by the Council of Ministers to Resolution (245 of 2019) were essential and important to bypassing the circles of administrative routine, creating an advanced and developed investment environment for the investor, and giving more powers and flexibility to the National Investment Commission and investment commissions in the governorates to deal with investors and shorten the time for them.
He pointed out that the amendments came in line with the vision of Prime Minister Muhammad Shia’a Al-Sudani of the need to provide an integrated work environment that meets the needs of the investor and reduces the time in granting the investment license .
Al- Shammari explained the most prominent amendments made by the Council of Ministers:
(30 working days maximum).
Second – The governorates are obligated to provide the National Investment Commission with the numbers of land plots, their districts, areas, gender, dependency, and uses within and outside the municipal boundaries.
Third – The Central Bank, government banks and other financial institutions granted Iraqi and foreign investors, in partnership with the Iraqis, loans and financial facilities in the event that they complete (25%) of the project.
Fourth – The National Investment Commission completes all required approvals, including land allocation, before announcing investment opportunities.
Fifth – Providing a single window that serves as an integrated data bank that provides comprehensive details about lands and investment licenses granted, which makes it easier for the investor to obtain detailed information from one place about lands in all Iraqi governorates, thus reducing reviews and simplifying procedures for the investor.
Sixth – Amending Decision 245 granting the National Investment Commission the power to amend investment licenses after they were vague and unclear previously.
Seventh – The amendment empowered the National Investment Commission to set controls and instructions regarding announcing the lands on which investment opportunities will be built and giving it flexibility in that.
Eighth – Amendment to Resolution 245 stipulates contracting with an international company to supervise investment projects and give it the authority to approve or reject the project in the event that the approved specifications and standards that must be met are not met.
In this context, Al-Shammari indicated that the government realizes that transforming Iraq into an attractive investment destination requires joint efforts by all concerned parties, including the private sector, the local community and foreign investors, and by achieving this vision, investment can have an important role in strengthening the economy.
Iraq, achieving sustainable development in the country, providing job opportunities and diversifying sources of income. LINK
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Courtesy of Dinar Guru
Mnt Goat Article: “THE IRAQI PARLIAMENT WILL RESUME ITS SESSIONS NEXT WEEK” On the thirteenth of July, the Iraqi Parliament will resume its regular sessions, after the end of its legislative recess.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are talking about a date to show us citizens the instructions to implement the budget after the federal court rulings. FRANK: So, after the federal court ruling there’s a date to use to open the budget…we’re just waiting for one bloody thing. That’s it. The new exchange rate…all roads lead to the new exchange rate of the Iraqi dinar.
FedNow coming in July: It is a ‘slippery slope’ to an ‘evil’ CBDC – Rich Checkan (Pt 1/2)
Kitco News: 7-12-2023
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Rich Checkan, President and Co-Founder of Assets Strategies International, who says the FedNow Service, which launches in July, is a “slippery slope” to an “evil” central bank digital currency (CBDC).
Checkan warns the U.S. could be forced into a CBDC to protect the greenback’s status as the world’s reserve currency.
He also discusses how the world would look if a CBDC is adopted, pointing out that gold, silver, and Bitcoin will be the new cash.
0:00 – FedNow
9:54 – Pros and cons of CBDC
25:37 – Opinion polls: U.S. vs. Canada
28:09 – CBDC and greenback’s reserve status
35:42 – Gold, silver, Bitcoin
https://www.youtube.com/watch?v=hyWm_SVNYNM
ALERT! Everything Fiat Will be Destroyed and SILVER Will Be The BEST ASSET STANDING!
(Bix Weir) 7-12-2023
Everything is a LIE! Everything is FAKE! From our “Free Markets” to our Government to our News Outlets to our SOCIAL Media…EVERYTHING IS A JUST A SHOW!
Once you understand this then you know that it is time to STOP PARTICIPATING and prepare for the End Game.
It will come soon but if you WAIT to PREPARE you will not be able to do anything.
https://www.youtube.com/watch?v=Ge6Gnk_6ZYw
