Iraq is looking to fix power outages across seven war-torn provinces following a US$400 million contract with the American utilities firm GE Power to build 14 electricity substations that will connect them with the grid.
GE Power will develop substations that will connect to power plants across the Ninawa, Salah Al Din, Al-Anbar, Karbala, Baghdad, Qadisiyyah and Basra governorates, which are in immediate need of reliable power infrastructure. The firmsaid as yet it does not have a definite timeline for completion of the facilities.
As part of its agreement with the Iraqi electricity ministry, the US firm said it would help the ministry secure funding through various financial institutions, including export credit agencies commercial banks.
Following the liberation of provinces from the control of ISIL, Iraq is in dire need of rehabilitating its infrastructure, particularly power.
The country suffers acute shortages in its summer months, when temperatures can reach 50°C, and has led to widespread protests against the government. Iraq’s power stations are designed to run on gas but the country has been unable to ramp up gas production to adequately meet its electricity generation needs. Baghdad imports around eight million cubic metres a day of gas as well as electricity from neighbouring Iran to keep its plants functioning.
Iraq’s oil ministry has also in recent months embarked on a programme to harness gas associated with oil production that is currently being flared.
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Read more:
Iraq ratchets up oil export capacity by 900,000 a day
New oil facility helps Iraq boost crude exports as prices rise
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The World Bank estimates Iraq is one of the biggest gas flarers globally. Around 16 billion cubic metres of gas was burnt off from its fields in 2015 costing the economy billions in lost revenue.
The National reported last week that Iraq had added around 400 megawatts to its power grid this year as part of a new programme of gas recovery being championed by the country's oil minister Jabbar Al Luaibi.
The ministry has proposed building three new plants to process gas currently being flared from its southern fields.
Repairing essential power infrastructure is only the tip of the iceberg of Iraq’s reconstruction efforts.
Last month, the World Bank approved a $400m package to aid the recovery and reconstruction of essential Iraqi infrastructure in the liberated areas. Iraq’s planning ministry has estimated that the full cost of rehabilitating various provinces in the country, damaged in the past decade of conflict, could be as high as $100 billion.
Bio:
Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour
Favourite Hobby: Serving poor people
Favourite Book: The Alchemist by Paulo Coelho
Favourite food: Fish and vegetables
Favourite place to visit: London
Email sent to Uber team from chief executive Dara Khosrowshahi
From: Dara
To: Team@
Date: March 25, 2019 at 11:45pm PT
Subj: Accelerating in the Middle East
Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.
Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.
I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.
This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.
It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.
Uber on,
Dara
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
COMPANY%20PROFILE
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The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
RACE CARD
5pm: Sheikh Mansour bin Zayed Al Nahyan Racing Festival Purebred Arabian Cup Conditions (PA); Dh 200,000 (Turf) 1,600m
5.30pm: Sheikha Fatima bint Mubarak Cup Conditions (PA); Dh 200,000 (T) 1,600m
6pm: Sheikh Sultan bin Zayed Al Nahyan National Day Cup Listed (TB); Dh 380,000 (T) 1,600m
6.30pm: Sheikh Sultan bin Zayed Al Nahyan National Day Group 3 (PA); Dh 500,000 (T) 1,600m
7pm: Sheikh Sultan bin Zayed Al Nahyan National Day Jewel Crown Group 1 (PA); Dh 5,000,000 (T) 2,200m
7.30pm: Sheikh Mansour bin Zayed Al Nahyan Racing Festival Handicap (PA); Dh 150,000 (T) 1,400m
8pm: Wathba Stallions Cup Handicap (PA) Dh 100,000 (T); 1,400m
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
The%20specs
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How much sugar is in chocolate Easter eggs?
- The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
- The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
- The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
- The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
- The Cadbury Creme Egg contains 26g of sugar per 40g egg
