Investing again

Investing again



This article has wrong month..its from today 7/8/2013



Wednesday, 07 January 2013 04: 59

Hussein Ali al-Hamdani Hussein Ali Hamdani again returned to talk about the Iraqi market which is now (o t giant) as major global banks, which is preparing to take its role in Iraq, especially after the country's exit from Chapter VII, and the major banks including Citibank and chartered stnaderd that began moving in an attempt to consolidate its presence in Iraq.

We must here stop much before the world banks moved toward Iraq economically promising country which represents long-term private market investment projected externally is their chances greatly and that the limitations of Chapter VII, which not only Iraq, but also international companies restricted this mayank Malik, Director of Citibank in Jordan and Iraq, said "we look to Iraq to that larger goal next», «see Iraq giant prepares for advancement.

These statements of disturbing economic dimensions of optimism and hope to attract investment to the country in the fields of energy and the teaching of (petroleum and electricity) and in the areas of infrastructure, including the construction of housing units, hospitals, schools, factories and others.

To see the major banking firms in the world for Iraq that economic giant in the Middle East, the Iraqi authorities (legislative and Executive) take important steps as quickly as possible, particularly attractive for investment legislation instead of the existing laws and described some repellent that it did not take into account the significant economic transformations in the world in General, and the economic transformation of Iraq particularly, particularly after the demise of the central system and the transformation of Iraq's new political system.

Add to all that the Iraqi banks are developed in proportion to global developments in this area which has seen a big jump in future years resulting in great ease in handling economic affairs, especially the news due to the economy in the past few years, expect that the Iraqi economy is growing rapidly, and the substantial balance as some economists have it up to over 2 trillion dollars in the next 10 years.

This means under the current banks work and the difficulty of lending both to citizens and the private sector to the Iraqi capital and liquidity will remain stacked in banks without investment in development plans and projects.

The doors of many investment especially in stimulating the private sector and the support of construction projects and other projects that manages Iraq's economy, which is still suffering from the economy and adopt the single rental too heavily on imports of crude oil.

And we have to say here as for major banks and global aspirations corporate investment in Iraq, by contrast, to Iraq to see that should be present are over a set of regulations and laws and regulations that encourage investment in the country and create many jobs and is great for a broad spectrum of the Iraqi people.






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