🇮🇶 THE PRESIDENT OF THE REPUBLIC: IT IS NECESSARY TO ESTABLISH A SOVEREIGN FUND FROM OIL AND GAS REVENUES 💰🌍
🔥 HIGHLIGHTS: Iraq’s Future Fund – A Wealth Plan for Generations 🔥
🏦 1. Call for a Sovereign Wealth Fund
President Abdul Latif Jamal Rashid has called for the creation of a sovereign fund from Iraq’s oil and gas revenues, stating that these resources belong to both current and future generations. ⛽👶👴
This fund would secure long-term economic stability and protect Iraq’s wealth for years to come.
🌍 2. Regional Energy Power Moves
During the Baghdad International Energy Forum, the president hosted key figures including:
🇱🇾 Libya’s Oil Minister
🇪🇬 Egypt’s Petroleum Undersecretary
🇹🇷 Turkey’s Energy Undersecretary
🌐 OPEC’s Secretary-General
♻️ 3. From Oil to Green Energy 🌱
The president highlighted Iraq’s readiness to invest in renewable energy and transition toward a green economy, while still maximizing oil revenue. A sovereign fund would bridge the gap between traditional energy profits and future sustainability. ⚡🌞
✅ 4. Iraq’s Stability = Investment Magnet
Iraq is now enjoying security and stability after years of conflict. Rashid sees this as the perfect moment to kick off real investment and build solid infrastructure for the energy and financial sectors. 🏗️🔋
🤝 5. Strong Signals to International Investors
The forum reinforced Iraq’s commitment to expand cooperation with international companies.
Translation? Iraq is open for business, and this sovereign fund will help attract more investment, while ensuring fiscal discipline and economic independence. 🏛️📈
📢 CONCLUSION:
This isn’t just another conference — it’s a strategic signal that Iraq is laying the foundation for generational wealth. The sovereign fund could be the key to unlocking real prosperity, funding future development, and building an economy that outlives oil itself. 🛢️➡️🏦➡️💸
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