View Full Version : Islamic State buying up Businesses in Iraq

Investors Iraq News
02-23-2018, 01:03 PM
By John Lee.
The Islamic State group (IS, ISIS, ISIL, Daesh) has reportedly laundered its cash reserves by investing in legitimate businesses in Iraq and elsewhere.
According to a report from The Economist, in Iraq it has used middlemen to buy farms, car-dealerships, hotels and hospitals.
It adds that weak institutions and rampant corruption make it hard for Iraq to tackle the problem.
Read the full article from The Economist here. (https://www.economist.com/news/middle-east-and-africa/21737302-their-so-called-caliphate-crumbles-jihadists-are-saving-up-fight)
(Source: The Economist)

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2018/02/23/islamic-state-buying-up-businesses-in-iraq/)

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