Capital risk in Iraq because of the temptations of oil wealth

Capital risk in Iraq because of the temptations of oil wealth

03/09/2014




A British newspaper, revealed an increase in the number of investors in Iraq despite security incidents because future rates of growth of GDP, with eye to double Iraq's oil production over the past 30 years, the Iraq stock exchange market witnessed record growth compared with the region's markets, expected to arrive in 2050 to 2 trillion dollars.

And the British Financial Times newspaper published a report prepared by the FMG Research Foundation on managing money and trading markets in the world and seen it (term), "despite security incidents affecting Iraq, venture capitalists and bankers who invest their money in the adventures the country attracted by oil wealth and potential for future growth to the country's national GDP."
She added that "there are many aspects remained elusive in this country and Iraq has succeeded over the past three decades to double oil production tripled in arriving at an annual growth rate of its GDP by 10% with increased capital market securities tripled in three years."
The newspaper said in its report quoted American Foundation "in the Iraq market for securities of large investment because the security situation has no effect on the process of buying and selling stocks, saw record growth quickly not seen in competitive markets in the region dominated by mobile phone companies and banks banking shares."
The report said that "among the 82 company registered in Iraq market for securities, 21 of which are private banks where money in business ventures in the country."
Quoting Al-serafi Merle laing from Bank of America as saying that "the Iraqi economy could increase three times its size by the year 2024, with Citibank Bank predicted that the country's budget" about 2 trillion dollars by 2050 it will become one of the largest oil exporters in the world. "
The IMF predicted a "likely take Iraq to five trillion dollars as revenues from oil exports for the period from now until the year 2035."
The Central Bank of Iraq estimates confirm that the expected annual growth rate of the country's GDP grew by 5.8% until 2016.
Reuters Iraq promised to restore classified as "faster" oil exporter in the world, with its Libyan oil customers after its equipment ", while the rehabilitation and development will allow Iraq to export 3.4 million barrels by 2014, with an average production of four million barrels, are expected to raise OPEC's rivals

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