The blessed Ramadan is not just a month for worship and fasting, but rather an active economic season in Iraq. The importance of this month is evident in increasing demand for various goods and services, which puts the Iraqi commercial personalities a great responsibility in meeting the needs of the fasting people and stimulating local markets.
Iraqi commercial personalities are highlighted as active elements in the Ramadan economic session, as they work to provide food commodities, drinks and various products, and contribute to the regulation of markets and stimulate the commercial movement.
The role of these people is not only limited to the economic side, but also extends to the social and human aspects, as many merchants are keen to support charitable activities, provide assistance to the needy, and contribute to the revival of authentic Ramadan traditions and customs.
Ramadan with the eyes of merchants
Abdel -Hassan Al -Ziyadi – a businessman and one of the influential figures in the Iraqi commercial market – confirms that Ramadan has a special advantage, adding that it is a month of activity and economic boom.
Al -Ziyadi tells Al -Jazeera Net that Ramadan affects positively and encourages people to shop, meet and interact, besides being the month of obedience, faith and goodness.
He continues that spending rises in Ramadan with the increase in family visits and the large number of breakfast calls from governmental and private institutions, as well as the role of Al -Mudhayal in supporting the movement of markets.
With regard to the charitable aspect, Al -Ziyadi explained that giving and cooperation with the poor represent an essential part of the spirit of Ramadan for merchants.
For his part, Muhammad al -Baghdadi, one of the businessmen and head of the National Center for Control and Evaluation, says that the commercial activity in the month of Ramadan is witnessing noticeable changes compared to the rest of the year, especially in the first third of it.
Recovery in the markets
Speaking to Al -Jazeera Net, Al -Baghdadi adds that the month of Ramadan is characterized by unique privacy, rituals and circumstances, which leads to a different nature of business, trade and industry, as the working hours for employees, workers, merchants and all groups of society change.
Al -Baghdadi notes that the first third of the month of Ramadan witnesses a great stagnation in the markets and the economy, while in the second third, the markets witness the beginning of a movement and activity, while the third third is known as a great acceleration and remarkable activity in the Iraqi commercial markets, in preparation for Eid al -Fitr.
Al -Baghdadi confirms that some commercial sectors are affected positively in the month of Ramadan from restaurants and food trade, pointing out that the last third of the month witnesses a recovery in the clothing markets and home supplies.
Al -Baghdadi explains that the lives of all Muslims change dramatically in the month of Ramadan, due to the different practical and family obligations and obligations, and adds that businessmen are trying to postpone their travel and their work until after Ramadan, in order to devote himself to worship and Ramadan rituals.
