View Full Version : IBMU proposes selling shares in mixed sector companies for private sector development

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10-05-2014, 11:17 PM
Iraqi businessmen Union proposes selling shares in the mixed sector companies for the development of the private sector (http://alghadpress.com/ar/news/21455/%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%B1%D8%AC%D8%A7%D9%84-%D8%A7%D9%84%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A%D9%8A%D 9%86-%D9%8A%D9%82%D8%AA%D8%B1%D8%AD-)

Iraqi businessmen Union

Author: Editor: hl Reporter: ay
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2014-10-04 11: 42 am

Tomorrow press Baghdad: Iraqi businessmen Union proposed selling shares mixed sector companies for the development of the private sector and remedies.

The Union Chief said Lotfi Abu Arab Al-shammari "tomorrow," "the current Iraqi Government is serious about supporting the private sector which Gibb and neglected for the past years, under the Government's economic reform program, which was approved by its programme of work, containing a reduced role of the State in the productive sectors to coincide with the development of the domestic private sector which has the task of managing the local economy in the future, as established by the Constitution.

He added that "the Arabs must be powered by several attempts to consolidate these privacy policy and backed by continuously and not my time among these proposals is selling shares in State companies in the mixed sector to private sector development in all its facets and raise his record of making and bureaucratic," pointing out "survival of those without work and States for years drained resources from salaries of contestants who are without work will cost the State a lot of money."

Abu Arab said that "added accompany sovereign fund to sell shares of the capital stock to support the mixed sector companies to qualify their lines and supplying advanced technology to raise the productive capacity and thus creating a capital between the company and the Fund will recover the money made from the profits of the company," he said, adding that "after evaluating the company and turn it into a winner to support another company with the same curriculum to all public companies."

The Council decided at its 4th meeting on Tuesday 30 September 2014 Committee formed in the Panel with the organizations of the United Nations to prepare a comprehensive study on the success of the process of transforming State-owned enterprises to the private sector provided that workers ' rights and improve their living standards by raising the efficiency of these firms or adapt them in line with this objective.

10-06-2014, 06:19 AM
What does this mean...????