Iraq Looks to Electricity to Help Rebuild its Economy

The First Art Newspaper on the Net    Established in 1996 Friday, June 21, 2024

Iraq Looks to Electricity to Help Rebuild its Economy

Electricity is a significant contributor to any countries economic development. It helps to drive most aspects of everyday life in society. Over 30 years ago, Iraq was a stable country, and everybody had access to electricity during that time.

When the war came, Iraq infrastructure was utterly destroyed, and the electrical power network was intentionally damaged. Major stations and almost 80% of gas turbines units were affected. Today, the entire Iraq population could only access 30% per cent of electricity. Let’s see how power plays a significant role in the rebuilding of Iraq economy.

Power allows business owners and employees to increase working hours

Having power throughout means business owners can open their shops early in the morning and extend more hours in the evening. Also, it allows business owners to complete any other related work of operating a business and maximize their usage.

Ability to Access Information and Resources Online
Power helps business owners with critical information for running their businesses successfully. The information they learn could be about national market, local market, tax regulations or new economic policies. Through online access, small business owners operating in rural areas can interact with the broader business community and get equipped with best practices from other individuals operating in the same industry.

Access to Power Expands Business and Job Opportunities
If every Iraq citizen can access electricity, it means that businesses such as welders, salons, Laundromats all of which rely on energy can be able to function. When there is energy, new market creation is experienced, job openings and businesses which provide more opportunities for individuals to earn a better living that lift them plus their families. Further, energy is a boost to the community, and it propels them to thrive financially, thus helping them to come out of poverty.

Industrial Growth
Energy can help to spur Iraq workforce. It is vital for countries industries as they need electricity for them to power engines. Retail outlets and factories can be able to operate around the clock. Fast-track power could play an essential role in helping industry and manufacturing across Iraq reach its full potential. Insufficient and intermittent power supply delays investment and even foreign companies from considering the Iraq market.

Other Benefits
Electricity makes cities and towns safe to live and do business, as the lights are cheaper to operate on electricity than on anything else. It helps to keep people alive in hospitals using ventilators and monitors. Electricity rebuilding will help Iraq to avoid perishable food from getting discarded and reverse financial losses the country experiences from its farm produce. The absence of power in many parts Iraq threatens the stability of even most advanced civilization. That’s why the rebuilding will help the country’s economy to grow and affect every person positively.

Restoration of power will play an essential role in people’s lives and the activities of the economy. It will scale Basic humanitarian need, social development, and economic growth. The energy in Iraq as its not only considered to be a production input, but also a strategic commodity that constitutes the basis for international relations and shaping the country’s economy and politics.

Today's News

October 28, 2019

Rago to sell over one hundred works of art from the collection of Allan Stone

Eli Wilner & Company reframes two 15th Century altarpiece panels for the Eskenazi Museum of Art

Early Renaissance painting found in French kitchen fetches 24 mn euros

Preserving the past for museum visitors of the future

The Vancouver Art Gallery opens Cindy Sherman's first major Canadian retrospective in twenty years

A 40-year-old painting on gun violence takes on new meaning

For Bill Traylor's art, 'Outsider' doesn't apply

The Brooklyn Museum unveils newly installed Arts of Asia Galleries

All-time finest, historic silver dollars collection offered

DESA Uncium auction house to offer Antonio Canova's "Dancer with Finger on Chin"

Fall exhibition juxtaposes the art of Duane Michals and treasures from the Morgan's collection

Oda Jaune presents a brand-new series of oil paintings at Galerie Templon

Qatar Museums presents first exhibition of the artist KAWS in the Middle East

14 ship figureheads weighing over 20 tonnes arrive at the UK's newest museum The Box in Plymouth

Hirschl & Adler Modern opens an exhibition of works by John Moore

The Quest for Happiness of Italian artists on display in Serlachius Museums

Air de Paris opens new gallery space in Romainville

For Teresita Fernández, personal is political

Lamenting the plight of nature

George Finlay Ramsay's first solo London exhibition opens at SET Alscot Road

Henry Moore Institute presents Edward Allington: Things Unsaid

Marie-Eve Celio to lead new Textile Study Center at the GWU Museum

The Colnaghi Foundation launches 'The Practice of Drawing'

Heather Gaudio Fine Art opens an exhibition of work by Ian McKeever

Best Online Photo Editing software for photographers

Interesting Facts About Famous Sculptor Constantin Brancusi

Golden Rules to Follow When Photographing Children

Iraq Looks to Electricity to Help Rebuild its Economy

5 Online Businesses You Can Start With No Money

Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .


Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Truck Accident Attorneys
Accident Attorneys

Royalville Communications, Inc
Founder's Site. Hommage
to a Mexican poet.

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful