Iraq's Economy Remains Troubled

[lasagnabro]

Good news, bad news.
BAGHDAD, Iraq - Four months ago, Walid K. Issa Taha was full of hope for Iraq's economic prospects. These days, that hope has vanished.

Taha represents foreign companies trying to do business in Iraq, and one of his clients is a Kuwaiti firm that drew up plans for a $500 million hotel and shopping complex in Baghdad's affluent Mansour neighborhood.

But now, "they don't call anymore," and Taha rarely leaves his office for fear of being kidnapped. "There's nothing happening," he said. "The security situation has ruined everything."

By snatching foreign workers, attacking civilian convoys and sabotaging infrastructure, insurgents have crippled Iraq's badly needed economic recovery. Despite the lifting of international sanctions and economic reforms that opened Iraq to foreign companies, little foreign investment has materialized. Companies - even multinationals that do business in the farthest reaches of the developing world - aren't willing to take the risk.

http://www.thestate.com/mld/thestate/news/world/9265166.htm

[bert]

security----security-----security.and it will get worse before the elections.jareds point is ringing true,more and more everyday. time to keep my mind projections in check,for the quick fix.and get ready for the long hall.

[Psycho for Dinar]

Think of it this way once. Today you have $1000.00 dollars in your pocket which is good enough for a meal and a pack of smokes. VERY discontent person. Tomarrow you wake up and find out your $1000.00 will now buy you a used car....hmmmmmmm. Not so discontent any more!!!

[Jared]

Will be difficult to get an economy going when the leadership is at risk..

http://quote.bloomberg.com/apps/news?pid=10000087&sid=aQym7ET3IsmA&refer=top_world_news

Jared :wave:

[Marilyn]

Golf game rain out again this weekend?

[Jared]

Maybe, but I've gone out the last two days and today looks promising too!

Jared :wave:

[neptune]

I still think that the media tends to focus on the worst news-And rarely reports the good things happening in Iraq because those stories don't "sell" like the negative ones.
Here's some good news...
http://boards.fool.com/Message.asp?mid=20976339 :happy26:

[neptune]

http://boards.fool.com/Message.asp?mid=21105541 :huge:

[jules]

I have a question....what would be the best way to proliferate iraq...perhaps warka bank... once the ship has come in. I know having the money there now will help, or eventually investing in stocks. But once the dinar value goes up and stocks increase and we all have our money transferred eventually...how can we give back. and help things grow ...perhaps donation to warka or something? :confused:

your thoughts are appreciated :)

[jules]

...I have seen previous posts where people talk about the cause and effect of post dinar value increase and everyone cashing in...
Any thoughts on the most effective way to give back instead of the "take and split" routine with the profits from physical dinar exchange and/or bank profits? :o
anyone..? ...anyone...?.... beuller...?

just curious to know what some of you better economically minded think

[Blake]

"Give back" to me..I'll be sure it gets back in the right hands. ;)

[jules]

cute....
remind me to get your information :drunk:

[Aunt Gwennie]

...I have seen previous posts where people talk about the cause and effect of post dinar value increase and everyone cashing in...
Any thoughts on the most effective way to give back instead of the "take and split" routine with the profits from physical dinar exchange and/or bank profits? :o
anyone..? ...anyone...?.... beuller...?

just curious to know what some of you better economically minded think

Hey jules....very good point!! Tyeronious posted a new thread called EXTREME HOME MAKE-OVER HITS IRAQ .

http://www.thestate.com/mld/thestate/news/world/9317194.htm

If I read part of that article right....they can only apply for the funds to pay for damages to their homes, if the damage was done after Bush called an end to our part of the war in May, 2003. I am not sure I was reading that part right or not....but it looks like to me....we can not be held responsible for the damages that have been brought on by all the insurgents blowing up things up and continuing to wreak havoc everywhere. Someone correct me if I did not read that one right.

Plus...this woman's story is really heart wrenching!! We could put some of our money into a fund to help support more rebuilds like this one!! But what is up with the host of the show????.....She doesn't do anything at home...she has a maid!!! Gonna shovel some concrete!!!

I know as soon as they put an end to this bloddy battle....there will be plenty of humanitarian efforts we could also donate to. I would not at all be surprised to see President Carter over there with Habitat for Humanity helping to rebuild. That would be an excellent group to donate some of your money to. Would also be an excellent tax write off.

Or....if you get reaaaaaaaaalllllllllllly, reaaaallllly, really rich.....you could build a wing onto one of their hospitals. Or build a neighborhood clinic!!! Or build a new school. I feel pretty confident before all of this is over, there will be a lot of ways we could help give back to the Iraqi people. We could start our own Investor's Iraq Relief Fund and pick a project to support!

A lot of the original's from the T & B site already have their bank accounts set up in Iraq are ready to start trading on the ISX (Iraq Stock Exchange) when it opens to the world market. A lot of the really studious ones already have the stocks picked out they want to invest in. So they stand to make even more money on their dinars that just "cashing in". They are in this for the long haul.

We all have a vested interest in bringing an end to violence and bloodshed in their country. Those are just my thoughts on the subject. Thanks jules for giving all some food for thought.

Aunt G :wave:

[jules]

Thanks Gwen!
I appreciate your input. :huge:

[Aunt Gwennie]

Thanks Gwen!
I appreciate your input. :huge:

Hope that was on the lines of what you were looking for! :wave: