Nadhmi Auchi (A Brief Biography: Iraq)

 Nadhmi Auchi (A Brief Biography: Iraq)

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 Who is Nadhmi Auchi?

The founder of General Mediterranean Holding Company, Nadhmi Auchi, is one of the richest business tycoons from Iraq. A British-Iraqi business tycoon, Nadmi Shakir Auchi was born on June 11, 1937, in  Kerdat Mariam, Iraq. He started his early education at Al Mansoor School and later went to Baghdad College. Later he studied at the Mustansiriyah University of Baghdad, from where he graduated with a B.Sc. in Political Science and Economics in 1967. He got married in 1963, to Ibtisam Auchi and had four children (one daughter and 3 Sons). He became a British citizen in 1989 and currently lives in London.

He set the foundation of the Anglo-Arab Organization and is also the founding father of General Mediterranean Holding Company (GMH). Currently, General Mediterranean Holding is a chain of nearly 120 companies, with almost 11000 workers around the globe. GMH encompasses different sectors, such as banking, construction, hotels, pharmaceutical companies, and real estate. Different branches of General Mediterranean Holding are present in Europe, America, North Africa, the Middle East, the Caribbean, the Pacific, and Asia.

PERSONAL INFORMATION STAT

Name	Nadhmi Shakir Auchi
Date of Birth	11 June 1974
Birth Place	Baghdad, Iraq
Age	84 Years
Religion	Christianity
Citizenship	British, Iraq
Residence	London, United kingdom
Education	Baghdad College High School
Net Worth	£1.182  Billion
Marital Status	Married
Spouse Name	Ibtisam Auchi
Number of Children	4

PROFESSIONAL CAREER

In the year 1969, Nadhmi Auchi started his professional career as a Director of Planning and Development in the Iraqi Ministry of Oil. He worked with the Ministry of Oil for almost 14 years and ultimately gave his resignation to pursue his business aspirations in 1971. Nine years later, in 1979, he set the foundation of General Mediterranean Holding. Till then, he had established a chain of companies, ranging from manufacturing to real estate. But, the incorporation of GMH had taken him to new heights of success.

He also acted as Vice-Chair from 1996 to 2000 at Harvard University. In 2002, he founded Anglo Arab Organization, and since Auchi served the role of its president. It is a private non-profit organization, which aims to work for the amalgamation of the British Arabs into British society. In 1996, he was given the post of an Officer in the Order of Republic, by the president of Tunisia. In 2002, he was rewarded with the Grand Cordon of Order of Independence by the King of Jordan, Abdullah- II. Due to his work to promote inter-faith harmony, Prince Carlo gave him Knight Grand Cross of the Royal Order of Francis-I in 2003. He got selected as an Honorary Member at the International College of Surgeons in Chicago, Illinois. In 2007, Auchi was also given the Presidential Prize by the University of Cairo, an appraisal of his work for the promotion of higher education in Arab countries. He was given the award of Freedom of City London on July 18, 2013.

Nadhmi's company, General Mediterranean Holding currently possesses offices and hotels all around the world. Auchi has investments in construction, finance, and pharmaceutical companies. He is also the owner of Team Lebanon of the A1 Grand Prix Race Series and has shares in Orascom Telecom of the Egyptian billionaire Naguib Sawiris.

Currently, the net worth of Auchi is around £1.182 billion.

REASONS FOR SUCCESS

The main reasons for the success of the Iraqi billionaire, Nadhmi Shakir Auchi lie in his charity works. A successful businessman and a philanthropist, his achievements include his work for the promotion of dialogue and inter-faith harmony among the different religions of the world. He is famous for his charitable and humanitarian work to promote a link between the Arab world and the Western world.

He had given donations to the families affected by the earthquake in Pakistan and built schools in areas that were ruined by the earthquake. A donation of £35009 was collected for the Cancer Research Unit of the Kingston Hospital in London. In 2004, he along with Anglo-Arab Organization worked for the release of hostages in Baghdad. In 2007, he collaborated with American University in Cairo and was awarded the “Nadhmi Auchi Fellowship for Young Arab Leaders”, for the youth of Arab countries. He had made continuous efforts for the higher education of Arab Youth. These are the reasons, for which the American University of Cairo gave him the “Presidential Prize”.

LIMITATIONS

Although Auchi is well-known for his philanthropic activities and charity work, still there are some glitches in his professional career.

Starting his career with an Oil ministry and was eventually raised to the position of Director of Planning and Development. He was imprisoned under the regime of Saddam Hussain in the 1970s. He set the foundation of GMH in 1979 and the same year, along with his family he left Iraq. He got his British citizenship in 1989 and since then he lives in London. His company General Mediterranean Holding is accused of being a key source of weapons procurement during the Iran-Iraq war.

In 2003, he was convicted of fraud. The scandal revolves around a French Oil Company and Auchi’s involvement in the corruption of $504 million. Auchi was fined $2.8 million, as well as a jail sentence for fifteen months.

A Pentagon Report called Nadhmi “a Global Arms Dealer” and stated that he is behind the mask of a philanthropist and a self-made businessman and played the role of an international manipulator of Saadam Hussain.

SUGGESTIONS FOR IMPROVEMENTS

The Anglo-Arab Organization was created with an aim to conserve the identity of Arab Muslims in England, but unfortunately, the organization does not secure much success. It failed to promote the unity of Arabs in British society. So, the first and foremost suggestion to Nadhmi Auchi is to increase the performance of the organization. Secondly, Auchi’s authoritative personality is another area where work needed to be done. Thirdly, he must value the freedom of media and the press. He was repeatedly seen threatening the reporters and press. The Rezko Affair is the practical manifestation of Auchi’s role in silencing the media.

 

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