Shaways: Iraq will be at forefront of polarized States of investment

[Hue Mi]

Shaways: Iraq will be at the forefront of polarized States of investment

| History 2012-09-22 | Writer Muhammad Dawood | Number of readings 6 |
Probity/Baghdad

Deputy Prime Minister for Economic Affairs rose Nuri Shaways in a speech to the World Conference and exhibition on finance, banking and investment in Iraq London: efforts continue to improve the performance of banks in Iraq to help in achieving the investment and development programmes under the expected increase in oil export revenue is expected to reach 6 million barrels in the year 2017, more than double what they are now – 2012, and definitely will use most of the proceeds to cover the needs of the Iraqi citizen Still suffering from a lack of infrastructure services in many facilities.

Shaways said: "in view of the need for development programmes required by the Iraqi reality as a result over its wars and destruction, Iraq resorted in recent years to borrowing and payment term contracts, currently considering resorting to unorthodox methods to cover its development and above all service contracts method (BOT), the fact that the package of projects planned for implementation outweigh the potential Iraq financially and operationally, and use of foreign Governments and corporations to contribute what is capable in the interest of all parties".

"We have complete confidence that Iraq will be in the forefront of polarized investment soon after modifications in existing laws, notably the law on banks and investment law and tax law and minerals Act, the labour code and the law of public and private companies and others, in addition to bilateral memoranda of understanding concluded between Iraq and States interested in their investors".

[Will-it-happen?]

Shaways: Iraq will be at the forefront of polarized States of investment

| History 2012-09-22 | Writer Muhammad Dawood | Number of readings 6 |
Probity/Baghdad

Deputy Prime Minister for Economic Affairs rose Nuri Shaways in a speech to the World Conference and exhibition on finance, banking and investment in Iraq London: efforts continue to improve the performance of banks in Iraq to help in achieving the investment and development programmes under the expected increase in oil export revenue is expected to reach 6 million barrels in the year 2017, more than double what they are now – 2012, and definitely will use most of the proceeds to cover the needs of the Iraqi citizen Still suffering from a lack of infrastructure services in many facilities.

Shaways said: "in view of the need for development programmes required by the Iraqi reality as a result over its wars and destruction, Iraq resorted in recent years to borrowing and payment term contracts, currently considering resorting to unorthodox methods to cover its development and above all service contracts method (BOT), the fact that the package of projects planned for implementation outweigh the potential Iraq financially and operationally, and use of foreign Governments and corporations to contribute what is capable in the interest of all parties".

"We have complete confidence that Iraq will be in the forefront of polarized investment soon after modifications in existing laws, notably the law on banks and investment law and tax law and minerals Act, the labour code and the law of public and private companies and others, in addition to bilateral memoranda of understanding concluded between Iraq and States interested in their investors".

yeah and?????????????????????????????

[chakkarchee]

Another corrupt official laughing at us on our back with his other corrupt buddies

[Fishindinar]

Corruption is the way to go!!!

[WhiteFeather]

MP describes Investment sector in Iraq as "idle"
September 24, 2012.
Business & Iraqi Dinar


Baghdad (IraqiNews.com) -Member of the Parliamentary Economy and Investment Committee, MP Abdul Hussein Resan, described “the Investment sector in Iraq as idle.”

Resan stated on Monday “All the efforts exerted to upgrade the investment sector in Iraq were not up to the ambitions due to many problems facing this sector.”

He pointed out that “The Investment law is not so bad in terms of the application if compared with what is adopted in the neighboring and regional countries,” noting that “The problem lies in the issue of granting authorities and the administrative routine.”

“Iraqi is still classified as a risky country according to reports of some international organizations, for this reason, many foreign famous companies abandoned the work in Iraq; however, those reports are imprecise since the security situation is highly stable in many Iraqi provinces,” Resan concluded.


http://www.iraqinews.com/business-ir...uot-idle-quot/