Iraq invests its money "externally" in giant projects, banks and companies: billions of dollars enter the treasury by "copying an Arab plan"!

by **claud39** Fri Jan 29, 2021 10:14 am

[size=30]Iraq invests its money "externally" in giant projects, banks and companies: billions of dollars enter the treasury by "copying an Arab plan"![/size]

2021-01-28

Iraq invests its money "externally" in giant projects, banks and companies: billions of dollars enter the treasury by "copying an Arab plan"! City-building-night-view-canary-wharf-office-building-complex-london-borough-of-tower-hamlets-skyline-tall-metropolis

Yes Iraq - Baghdad

There are successive proposals to push for the transfer of global experiences surrounding Iraq in several economic fields to avoid such a financial crisis that occurred for months and continues to this day.

Yasser Saeed - a student with a BA in financial and banking sciences, wrote to him on the Iraqi Economists Network website on Facebook: It is the small state of Qatar in area and population, and very large in the world of business and money, so what is the reason for Qatar’s success and overcoming the blockade crisis without suffering ?, indicating that the most important reasons are Simply it is the "Qatar Investment Authority".

Added: The beginning; In 2005, the Qatari government issued a decision to establish a "Qatar Investment Authority", which is a sovereign wealth fund, to manage surplus oil and gas, and to invest surplus funds in domestic and foreign investment.

He continued, "Locally, the agency is the largest investor in the Doha Stock Exchange, Qatar National Bank and the Urdu Communications Company, which operates in 12 countries around the world. Externally, the agency plays a vital role in foreign investment. In Britain, Qatar invests $ 45 billion." This includes investment in the Shard skyscraper in London and owns stakes in Royal Dutch Shell Energy and retailer Sainsbury's. The agency owns a 5.9 percent stake in the British Barclays Bank, which is one of the largest local banks in Britain.

He explained: The device also acquires 20% of the British Heathrow Airport, which is one of the largest airports in the world, in addition to the ownership of one mile square. Known as Canary Wharf, the icon of large banks and companies in the heart of London, as well as other investments in Britain.

He pointed out that in Switzerland, Qatar acquires the “Burgenberg” hotel, which is considered one of the architectural masterpieces in the capital, Geneva. In Germany, Qatar owns 10% of the Porsche Car Company. In France, the agency owns the "Paris Saint-Germain" club, which consists of a Qatari presidency.

In the United States of America, Qatar's investments in the American economy amount to 100 billion dollars distributed in the fields of finance, real estate, the health sector, information technology and other arts, and it seeks to increase another 45 billion dollars during the coming period.

He pointed out that just as the agency acquires 25% of St. Petersburg airport, as well as other investments in Russia, as for Asia, Qatar may export half of its gas exports to Hong Kong, Taiwan, South Korea, Japan and China.

It recently bought 10% of the Istanbul Stock Exchange, and also owns 79% of the Turkish Banvit Poultry Company.

The agency’s assets amount to 338 billion dollars and it is the ninth largest in the world. The Qatari economy does not depend on the energy sector only, as the non-oil sectors represent 61% of the total state revenues.

And he said: In this simple review, it shows the extent of the diversity of Qatari investments that gave it a great global name without it, no one would have been able to find Qatar on the map, and this is evidence of its strength, either for a country like Iraq that should benefit from this Qatari experience.

Global organizations' expectations indicate an increase in demand for oil this year, as the Corona virus is expected to recede due to the emergence of the vaccine, which will revive global markets.

Oil prices are expected to rise and the Iraqi market will recover, as surplus funds are invested as a country does

Saeed said: Qatar and other countries can strengthen the Iraqi budget, so that Iraq avoids every year the problem of financial deficit in the budget.

Saeed added: Investment can enhance the status of the Iraqi individual between countries, as international relations cannot be built through official telegrams and diplomatic visits only, as well as the establishment of the fund and its management under qualified people. This fund could be an important tributary for the balance with oil exports, which is the umbilical cord. For the Iraqi people.

Iraq invests its money "externally" in giant projects, banks and companies: billions of dollars enter the treasury by "copying an Arab plan"! 141520569_2786904731533474_41101650567555944_o

Iraq invests its money "externally" in giant projects, banks and companies: billions of dollars enter the treasury by "copying an Arab plan"! 141520569_2786904731533474_41101650567555944_o

Saeed concluded: This photo is of the Canary Wharf neighborhood in London owned by the Qatar Investment Authority.

https://yesiraq.com/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-%D8%A7%D9%85%D9%88%D8%A7%D9%84%D9%87-%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A7%D9%8B-%D8%A8%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9/?fbclid=IwAR3hnQA9Re62GPVqAOMT4GXGlW4zARYdd-ZxvlNuAwm7Jx7szXRRAt5PtNw