Shaways: Iraq will be at forefront of polarized States of investment
Shaways: Iraq will be at the forefront of polarized States of investment
| History 2012-09-22 | Writer Muhammad Dawood | Number of readings 6 |
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".
"we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar" - Dr. Shabibi
“I just did my job...You either get them out alive or you die trying. If you don’t die trying, you didn’t try hard enough." - Marine Sergeant Dakota Meyer, Medal of Honor recipient