GCCIA Announces: 30% of GCC-Iraq Electrical Interconnection Project is Completed

GCCIA Announces: 30% of GCC-Iraq Electrical Interconnection Project is Completed
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GCCIA Announces: 30% of GCC-Iraq Electrical Interconnection Project is Completed

GCCIA Announces: 30% of GCC-Iraq Electrical Interconnection Project is Completed

The GCC-Iraq Electrical Interconnection Project is 30 percent completed, announced CEO of the Gulf Interconnection Authority (GCCIA) Ahmed al-Ebrahim.

Ebrahim indicated that the project is taking place according to the specific timetable ending by 2024.

He said during the celebration organized by the Authority in Dammam celebrating the occasion of World Quality Week that the GCCIA was keen to apply the highest quality standards in the electrical interconnection project with Iraq.

The Authority developed an integrated program to monitor the quality of the electrical interconnection project with Iraq, said Ebrahim.

He stressed that the Authority is keen to connect with external systems to benefit from surplus energy during the winter, pointing out that the countries targeted for energy export are Iraq, Jordan, and Egypt through cooperation with the Saudi Electricity Company and the rest of the Gulf networks.

The winter season is an opportunity for regular maintenance to ensure quality performance, said Ebrahim.

The World Quality Week aims to spread the culture of good quality worldwide and encourage individuals and establishments to apply its concepts, benefiting individuals, societies, and the world, according to the official.

He indicated that Quality Week is an opportunity for those interested in quality to celebrate their achievements and increase awareness to benefit from it.

The World Quality Week 2023 represents an opportunity to shed light on individuals, work teams, and establishments that invest in creating and improving customer value.

The CEO stressed that establishments that focus on customers and promote a culture of achieving customer value through innovation and product improvement, explaining that enhancing a culture of quality helps to recognize that the customer, not the establishment, better defines the quality of the product.

It promotes customer participation in improving the quality of products and services and cooperates with customers to enhance the quality of the product and service and solve any problems.

The success of the global economy depends on quality, creativity, and sustainability, said Ebrahim, noting that World Quality Week was an opportunity to reinforce these foundations.



Japan’s Ishiba Heads to G7 to Press Trump to Drop Auto Tariffs

US President Donald Trump welcomes Japanese Prime Minister Shigeru Ishiba at the White House in Washington, US, February 7, 2025. (Reuters)
US President Donald Trump welcomes Japanese Prime Minister Shigeru Ishiba at the White House in Washington, US, February 7, 2025. (Reuters)
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Japan’s Ishiba Heads to G7 to Press Trump to Drop Auto Tariffs

US President Donald Trump welcomes Japanese Prime Minister Shigeru Ishiba at the White House in Washington, US, February 7, 2025. (Reuters)
US President Donald Trump welcomes Japanese Prime Minister Shigeru Ishiba at the White House in Washington, US, February 7, 2025. (Reuters)

Japanese Prime Minister Shigeru Ishiba heads to Canada on Sunday for trade talks with US President Donald Trump, hoping to persuade him to drop trade tariffs that have imperiled Japan's auto companies and threaten to undermine his fragile government.

The two are expected to meet on the sidelines of a summit of the Group of Seven nations in Kananaskis, Alberta, for their second in-person encounter. It follows a sixth round of high-level trade talks in Washington on Friday.

Japan's top tariff negotiator, Ryosei Akazawa, said he explored the possibility of a deal in detailed meetings with US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.

"I will make every possible effort to reach an agreement that benefits both Japan and the United States," Ishiba told reporters before leaving Japan. The timing of his meeting with Trump was still being discussed between the two countries, he added.

The trick for Ishiba, who spoke with Trump by phone on Friday, will be to get the president to drop the 25% tariff he imposed on Japanese cars, as well as a paused 24% across-the-board levy that Trump calls a reciprocal tariff, without making concessions that could hurt the prime minister's public support at home.

Returning to Tokyo with no deal would be better politically than conceding too much, analysts say.

"If it goes badly, it could even be seen as a positive for Ishiba, standing up to Trump and standing up for his country when he's under assault," said Michael Cucek, a political science professor at Temple University in Tokyo.

Ishiba and his ruling Liberal Democratic Party face an upper house election next month that comes after a lower house loss in November that left him reliant on the support of other parties to stay in power. Another poor electoral result could bring down his government and would force Trump to reset trade talks with a new Japanese administration.

"The most important thing is that Ishiba does not cave in for a bad (auto) deal," said Joseph Kraft, a financial political analyst at Rorschach Advisory in Tokyo. "I expect there will be some kind of deal, although it could be haphazard. Trump needs some good news and I don't think he has much interest in G7 activities."

Failing to reach an agreement in Canada might not have an immediate economic impact on Japan, but tariffs that stay in place will eventually drag down growth, said Asuka Tatebayashi, senior analyst at Mizuho Bank.

"If you look at the data for car exports to the US for April, it was quite striking. The volume in dollars was down by nearly 5%, but the number of cars has increased a lot," she said.

"It means either they are only selling cheap cars or the manufacturers are absorbing the cost. I think the latter is the case and this is not very sustainable."

Tariffs could shave 0.9% off Japan's gross domestic product, Mizuho Research & Technologies estimated in a report in April.