On former battlefield, Kuwaiti investor plans date palm groves, ostrich and deer reserve

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A farmer inspects the palm trees belonging to a Kuwaiti investor Abdul-Aziz Al-Babtain, in the port city of Basra, Iraq. (Reuters)
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A farmer inspects the palm trees belonging to a Kuwaiti investor Abdul-Aziz Al-Babtain, in the port city of Basra, Iraq. (Reuters)
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Agent of a Kuwaiti investor Abdul-Aziz Al-Babtain shows the date palm in the port city of Basra, Iraq. (Reuters)
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Palm trees belonging to a Kuwaiti investor Abdul-Aziz Al-Babtain are seen in the port city of Basra, Iraq. (Reuters)
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Palm trees belonging to a Kuwaiti investor Abdul-Aziz Al-Babtain are seen in the port city of Basra, Iraq. (Reuters)
Updated 21 May 2018
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On former battlefield, Kuwaiti investor plans date palm groves, ostrich and deer reserve

SOUTHERN BADIA, Iraq: On a former battlefield of the 1991 Gulf War, deep in Iraq’s southern desert, a Kuwaiti investor is looking to grow 100,000 date palms and build a nature reserve complete with ostriches and deer.
Few Kuwaiti firms have returned to do business in Iraq since Saddam Hussein’s 1990 invasion of its smaller neighbor and its UN-led liberation a year later.
But businessman Abdul-Aziz Al-Babtain is pouring $58 million into a date farm project in southern Badia, some 150 km from the port city of Basra, officials said.
“We hope to have 100,000 (trees) in the next five to six years,” said Diyah Sharadeh, Babtain’s representative in Iraq, adding that the dates would first be sold in Iraq and later exported.
So far 5,000 date trees have been planted.
Iraq once produced three-quarters of the world’s output of dates but now accounts for 5 percent after decades of conflict, despite being home to around 350 types of date tree.
Babtain had begun the farm in the 1980s, a sign at his office shows.
But Iraq seized it after the 1990 invasion, and due to its proximity to the Kuwaiti border it turned the area into a military zone, digging trenches for heavy guns.
These were then bombed in air strikes as part of Kuwait’s liberation campaign, but authorities never cleaned up the trenches, leaving bullets and parts of tank turrets rusting away just outside the field.
In a bid to turn a new leaf, Iraq returned the farm to Babtain and granted his business tax exemptions.
“This will be the first private (date) investment project in Iraq,” said Ali Ghasseb, head of the Basra Investment Commission. “It was a farm, then became a battlefield and is now again a farm.”
The farm has created some 50 jobs in this desolate area and will need up to 500 workers once the trees begin producing.
In a second step, Babtain plans to set up a natural reserve for which ostriches and deer will be imported, Sharadeh said.
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Ties between Kuwait and Iraq remained strained, but they have improved since the US-led invasion in 2003 that toppled Saddam Hussein, with the Gulf state hosting in February a donor conference to rebuild Iraq.
But Kuwaiti firms have been reluctant to return, demanding guarantees that their business will not be taken away again. There is only one other Kuwaiti investor in Basra, involved in a shopping mall, Ghasseb said.
But trade has picked up in recent years as foreign firms use Kuwait’s port to ship goods to Iraq due to its better security. Up to 200 vehicles cross the border at the Safwan post every day, an Iraqi officer said.
Kuwaiti visitors are also trickling back to the Shiite Muslim holy cities of Najaf and Kerbela. A third of Kuwaitis are Shiites.
In the other direction there is little private traffic as Kuwait rarely grants visitor visas for Iraqis for security reasons.
“I come twice a year. There are no problems for Kuwaitis now,” said a Kuwaiti who gave his name as Mohamed after crossing the border to make a pilgrimage to Nawaf.


Pompeo says China is engaging in ‘predatory economics 101’

Would China have allowed America to do to it what China has done to America asked US Secretary of State Mike Pompeo. (AP)
Updated 18 June 2018
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Pompeo says China is engaging in ‘predatory economics 101’

  • He said China’s recent claims of “openness and globalization” are “a joke.”

DETROIT: China is engaging in “predatory economics 101” and an “unprecedented level of larceny” of intellectual property, Secretary of State Mike Pompeo told a business audience Monday.
Pompeo made the remarks at the Detroit Economic Club as global markets reacted to trade tensions between the US and China. Both nations started putting trade tariffs in motion that are set to take effect July 6.
He said China’s recent claims of “openness and globalization” are “a joke.” He added that China is a “predatory economic government” that is “long overdue in being tackled,” matters that include IP theft and Chinese steel and aluminum flooding the US market.
“Everyone knows ... China is the main perpetrator,” he said. “It’s an unprecedented level of larceny.”
“Just ask yourself: Would China have allowed America to do to it what China has done to America?” he said later. “This is predatory economics 101.”
The Chinese Embassy in Washington did not immediately respond to a request for comment.
Pompeo raised the trade issue directly with China last week, when he met in Beijing with President Xi Jinping and others.
“I reminded him that’s not fair competition,” Pompeo said.
President Donald Trump has announced a 25 percent tariff on up to $50 billion in Chinese imports. China is retaliating by raising import duties on $34 billion worth of American goods, including soybeans, electric cars and whiskey. Trump also has slapped tariffs on steel and aluminum imports from Canada, Mexico and European allies.
Wall Street has viewed the escalating trade tensions with wariness, fearful they could strangle the economic growth achieved during Trump’s watch. Gary Cohn, Trump’s former top economic adviser, said last week that a “tariff battle” could result in price inflation and consumer debt — “historic ingredients for an economic slowdown.”
Pompeo on Monday described US actions as “economic diplomacy,” which, when done right, strengthens national security and international alliances, he added.
“We use American power, economic might and influence as a tool of economic policy,” he said. “We do our best to call out unfair economic behaviors as well.”