Posts Tagged ‘Investment’

17/06/2013 12:00 AM

Yasser incumbent
revealed the central bank governor for the cash reserves of foreign currency to Iraq could reach 80 billion dollars in next July, what will give the power of new economic entice investors to look for investment opportunities in the country and is based in the desire of these on the availability of government guarantees to insure ensure their rights. (more…)

28/05/2013

Said Dr. Hamoudi, chairman of the Foreign Relations Committee that Iraq is about to revolutionize the huge investment

Hamoudi said in a statement received secrets News Agency / not / copy of it today “The passage of Iraq’s decades of wars and economic sanctions, ended the occupation of the country in 2003, and witnessed the unfortunate events after the occupation, made ​​him desperately needs to restructure its economic situation and reconstruction and investment, especially in infrastructure.” (more…)

He attributed a member of the Committee on the economy and investment parliamentary Amer winner of underinvestment in the country and investors away, to the deterioration of the security situation and follow the routine in the instructions by local governments and investment authorities, pointing out that this is the cause of the damage to Iraq’s economy.

He said the winner told {Euphrates News} on Tuesday that “the lack of security and stability, and follow the local governments of the routine in investment transactions, in addition to underdevelopment and not keep up with developments in banking transactions in developed countries, cause economic damage to the country in general, and that because of its impact on the wheel investment” . (more…)

Inside of the Baghdad Convention Center, where...

05/16/2013 12:09
The Iraqi government said it had agreed on the draft exemption Iraq and foreign companies implementing investment projects from taxes and fees to encourage the movement of investment in the country.

The Iraqi environment is attractive to investors and capital owners wary of entering the market, despite the availability of opportunities Iraqi result of tensions security and poor services as well as the bureaucracy. (more…)

Economic parliamentary calls to speed up amending the investment law and prepared a reason for “increased unemployment and poverty”
SATURDAY, MAY 11 / MAY 2013 13:46

Commission criticized the parliamentary economy and investment, Saturday, delayed modify the Iraqi investment law, and promised to “hang” for investment operations and “reason” to increase rates “of unemployment and poverty” in the country. (more…)

09-05-2013 11:08 AM

Baghdad (newsletter). Banking expert blamed the beautiful name, why the banking sector a lack of common understanding and cooperation between the Central Bank and private banks, in terms of logistical and technical assistance.

A beautifully (News Agency): there is a common understanding and coordination between the Central Bank and private banks on the development of the banking system and identify the most important obstacles to finding appropriate solutions. (more…)

10:58 04/21/2013

Agencies – called a member of the Committee on the economy and investment MP for the coalition in Iraq Qusay F, the need to grant privileges for high local and investor preference for foreign encouraged to invest in the country.

Gomaa said in a press statement that “the Iraqi investors preferred to invest outside the country despite the availability of economic fundamentals within the country, but due to some constraints that displays his work in Iraq make it migrates to other countries and invest significant funds. (more…)

19-04-2013 03:31 PM

Baghdad (newsletter). Refer the decision of the Commission on economy and investment Deputy/Kurdistan blocs Coalition/mehma Khalil, grounds for excluding companies from investing in Iraq to allegations of financial and administrative corruption in investment file and the absence of laws supporting the economy. (more…)

03-04-2013 11:37 AM

Baghdad (newsletter). Confirmed the decision of the Commission on economy and investment Deputy/Kurdistan blocs Coalition/mehma Khalil, the importance of the use of international organizations and developed countries industrial and investment worldwide in amending the Investment Act No. 13 of 2006.

He said Khalil (News Agency): the revised investment law No. (13) of the year (2006) contains a large legal gaps discourages investment, particularly with regard to the expropriation of land and how to deal with the relevant government institutions. (more…)

Date: Saturday 23/03/2013 06:03 pm

Said a member of the Committee on the economy and investment MP Nahida Daini “that its working to create a suitable platform for investment and remove all obstacles to attract foreign investment and to support the investment process.

Explained Daini” that the investment process in the country suffers from a number of obstacles, including that of legislation legal and there is no cover bank maintains on the corporate finance and guarantee their rights. (more…)

The problem is not in the proposal to invest money (10%) of bank reserves for investment projects
Date: Saturday 03/16/2013 07:45 pm

While I suggest the member of the parliamentary Finance Committee invest a fraction of the central bank reserves of hard currency and (10%) for investment projects serve the country, member of the Economic Commission representative that the country اتعاني of financial problem, but suffer from random in the investment of capital. (more…)

Attorney Stephen: Iraq is a stretch for 30 years and should be exploited to develop the economy

Baghdad (newsletter). Member of the Committee for economy and investment/MP Ibrahim Al-Rikabi, that Iraq is an investment environment for more than 30 years, it has elements of all economic sectors, as well as integrated infrastructure is missing and which required reconstruction. (more…)

The World Development Report 2011

Posted on Monday, March 11 / March 2013 17:48
BAGHDAD / obelisk: World Bank called for the Iraqi government, on Monday, to redouble their efforts for the development of the banking sector and regulations in the financial trading of Iraq, as a prelude to mobilize all sectors of the economy and investment.

The expert said the oldest in the affairs of private sector development at the World Bank Stephen ريمير, who is visiting Iraq at the head of a delegation from the Bank experts, for “obelisk”, “The World Bank provided advice and assistance and advice to Iraqi banks and working on plans developed and are waiting to reach officials from that to real serious steps, “noting that” the World Bank touching a genuine desire on the Iraqi side to develop its accounting and banking systems”. (more…)

Economist Opinion: banking system development will contribute to the promotion of investment in the country
Date: 13/03/10 14: 24: 30 Sunday

Economist Abdul Sattar Al-Hashemi stressed the importance of development of the banking sector with the latest technologies to facilitate banking transactions and support economic development in the country, called for the creation of a suitable climate for investors.

(more…)

Parliamentary economy: the decline in physical movement caused by the failure of the provincial councils and the problems in the investment law

Ezzat member committee of economy and investment parliamentary Noura البجاري, why retreat physical movement in the country in general to the failure of the provincial councils in the provision of projects, and to the existing problems in the investment law.

The البجاري said “retreat physical movement in the country in general, lies behind many reasons, including the investment law and the problems which, in addition to logistical and administrative constraints, legal and infrastructure.” (more…)

Banker: National chunked project will contribute to the elimination of the money laundering process
Published in: 3:50 pm, March 3, 2013 by ipa 2 Views: 67

BAGHDAD (Iba) .. adviser said the North Bank for Finance and Investment wholesome Elias Abou, that linking the Iraqi banks divided national project will contribute to the elimination of the root to the process of money laundering in the banking sector.

He explained Abbou told the independent press (Iba) “The project divided the national will connect Iraqi banks banks world through a network of financial transfers are supervision full of banks worldwide within the framework of foreign remittances, stressing: that this network will ensure convert all amounts to the state to be out without She went to terrorist acts and money laundering. ” (more…)

Organization announced gica Southeast Asian, on Saturday, that foreign investment rose in Iraq to 20-fold to become a $ 60 billion U.S. after it was three billion dollars four years ago.

According to a report of the Organization of gica quoted by the agency “Twilight News” that ” foreign investment in Iraq was a nearly three billion dollars by nearly four years. ” The report added that “foreign investment in Iraq is over $ 60 billion and is continuing to rise.” (more…)

Date: 13/02/24 12: 42: 06 Sunday

Baghdad (newsletter). Economist Kristina suggested, use of foreign expertise and economically developed States to promote national economic sectors, particularly through investment sector how to amend investment laws to attract companies to invest in the country.

He said Al-shammari (News Agency): the investment process in the country is still not encouraging for a number of reasons including expelling investment legislation and banking system. (more…)

Parliamentary economy rejects U.S. request excluding companies from certain paragraphs of the Investment Law
02/18/2013 – 3:55 pm

Committee rejected the economy and investment parliamentary Monday, a U.S. request made ​​to the Iraqi government in order to exclude companies from certain paragraphs investment law. (more…)

Warned parliamentarians and experts in regard financial consequences of the exploitation of part of the funds in the central bank in the project development and investment, describing it as “Red Line” as is cover for the local currency, while member suggested the Economic Committee in the House of Representatives Hussein Salman Mura’bi, invest part of the reserves located at the central bank for investment projects in the country. (more…)

Date: 2013-02-14 13: 59: 33 Thursday

Baghdad (newsletter). Baghdad renewed its call for international companies to invest in the capital Baghdad in the service sectors and urban.

The secretariat said in a statement received (News Agency) a copy of: the circumstances are for international companies to enter Iraq and implementation of reconstruction projects and construction investment, especially in infrastructure and housing projects. (more…)

Published in: 1:21 pm, February 14, 2013 b

BAGHDAD (Iba) .. Prime Media Center Economic Dergham Mohammed Ali, said the banking business in Iraq without international standards and lacks the large capital and possibilities and external communications, noting: no banking companies working with the largest capital of banks’ capital Current. (more…)

Posted on 13/02/13 03: 18 AM

optimized banking expert blamed the declining investment in the country’s underdeveloped banking system and lack of security stability, stressing the need for a sophisticated banking system to attract foreign investors and to facilitate financial transactions for investors.

He said: the promotion of investment process in the country requires a well-developed banking system works according to the modern technology to facilitate the work of foreign investors who intend to invest in Iraq. (more…)

Ali Abdullah -03/02/2013

The Economist called Jalil Al-Rubaie, the need to take advantage of the decisions and recommendations issued by the International Monetary Fund for investment in Iraq to develop the investment process and advancement.

Al-Rubaie said in a press statement that the report issued by the World Bank put Iraq in the ranks last among States in the area of investment and select a number of obstacles that hinder the investment process in the country. (more…)

Date: 2013-02-02 11: 32: 48 Saturday

Baghdad (newsletter). Banking expert said Mohsen Ali, that NCB continued growing their capital because of the increase in the size of their deposits, the banks amendment Bill for the support and advancement of the banking sector.

Ali (News Agency): the annual reports issued by the Central Bank indicates that private banks in continuous growth and has made a significant contribution to the development of the national economy through the financing of investment projects in all economic sectors. (more…)

On: Wednesday 01/30/2013 07:50 pm

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BAGHDAD – newsletter.
The member of the Committee on the economy and investment MP / National Alliance / Hussain Mura’bi “to the importance of solving the problem of land titling for investors through the amendment of legislation that hinder the process of investment in the country. (more…)

Published on Friday, January 25 2 / January 2013 15:36

Confirmed the national investment, Friday, the doors open to the investor in all sectors of British investment in Iraq.

The head of the Sami al-Araji for “obelisk”, following a meeting with Minister of British investment, “British companies and British investor will find all the doors open in front of him and in all sectors of investment in Iraq.”

He pointed out that “residential Basmaja project entered into the actual implementation since the middle of last year and the company executing Hinwa South Korea received 10% of the value of the project which is functioning normally.” (more…)

20/01/2013 12:00 am

stressed Iraqi Prime industrial assembly Abdul Hassan Shammari the importance of openness towards the global industrial blocs and build bridges of cooperation between Iraq and those countries to the benefit to the local economy as well as working on the introduction of advanced technologies to the country. At a time announced by the Ministry of Industry activate Economic and Industrial Cooperation between Iraq and the Czech Republic. (more…)

Expert: Iraq needs to rehabilitate and expand infrastructure investment through the gate

01/17/2013 12:00 am

The inability of the project to meet the needs of a growing population of

stressed economic experts and specialists on the importance of finding new outlets for real advancement in the investment process that was sought by the country, where the investment has become of great importance at all levels. (more…)

15/01/2013 12:00 am

economic expert said Saif Hilfi importance of amending Article 28 of the General Banking Act to support investment in the Iraqi banking sector, calling for the need to strengthen relations with Arab banks for the advancement of local banks.

Hilfi said in a press statement yesterday, said that private banks could play a major role in the economic development through the establishment of a fund for lending to private investment projects in the country, because it has a high potential and helps capital. (more…)