STARRING, W AS ALEXANDER HAMILTON:

Economic boost gives hope to Iraqis (BBC, 1/12/08)

Buoyant property prices might be one result, just as the jumping, bustling shopping streets in central Baghdad are another - often so packed that you have to jostle your way through, past clothes stalls, shops of electronic gadgets and trolleys brimming with bright, fresh fruit.

Some of those oranges, bananas, apricots and apples find their way into the window display of the MeshMesha fruit juice and pastry bar run by Ahmed Sabah and his extended family.

Young nephews and cousins, dressed in smart, orange, sports shirts with the MeshMesha logo - which actually means Apricot - blend delicious drinks of fresh fruit for a steady stream of customers - Sunni, Shia, Kurds, Christians.

No-one seems to care as they sit at minimalist tables watching the world go by.

"When it's safe outside, of course business is better," said Ahmed.

"I have four branches - one we've had to close because it was in a violent neighbourhood, but once the war is over we can spread the chain throughout Iraq."

The MeshMesha chain supports five families that between them are raising 25 children still at school and it employs a couple of dozen of its youngsters in the fruit juice bars.

Return of the ATM?

Without work and a sense of the future, many young men head off to join a militia.

"Your money," I asked. "Do you keep it in cash, put it in the bank? How does that work?"

"In a bank," said Ahmed. "And we exchange some into US dollars."

One of Iraq's biggest private banks has a luxuriously designed office above the Baghdad Stock Exchange and I asked a senior executive how business was now compared to those glory days of the 1980s that Naimah, the estate agent, had spoken about.

"People didn't trust the banks, then," said the financier Mohammed Issa.

His accent was East Coast American and he wore a brown suit with a brightly coloured open-necked shirt.

He would have a panoramic view across Baghdad except the window was blocked by glass cabinets with ornamental displays - again to shield against a bomb attack.

"We had, maybe 4,000 clients under Saddam. Now we have 50,000," he explained.

"We've just set up Internet banking so our customers don't have to risk getting bombed by going to a branch.". He paused for a moment. "Yes, once the war's over, we'll have our ATM machines throughout the country."

[Y]ou wanted to organize the country so that we should all/
stick together and make a little money.
-William Carlos Williams, Paterson

Posted by Orrin Judd at January 12, 2008 9:00 AM