Iraq's investors are seeking to buy other nationalities to facilitate their trade
Economie
Since 2018-05-11 at 10:35 (Baghdad time)
[You must be registered and logged in to see this image.]
Baghdad - Mawazine News
BAGHDAD (Reuters) - At least 200 prominent businessmen have received nationalities over the past two years to ease their movement and move between countries, Iraqi officials said in Baghdad, due to obstacles imposed on Iraqis who require visas to enter most of the world, especially the European Union.
The Iraqi passport lists the countries of the region and the world in the latest classification of the site "Passport Index" on the list of the worst passports in the world.
A number of Iraqi businessmen and members of chambers of commerce in Baghdad and the provinces have asked the government to grant them diplomatic passports to facilitate their movement to and from the country in line with the government's promises to revitalize and support the commercial sector in Iraq, but the government rejected the request and promised the Federation of Iraqi businessmen to approach European and Asian countries to facilitate their entry To those countries for commercial purposes without being implemented.
According to a government official in Baghdad, "the 200 Iraqi businessmen have acquired nationalities of Turkey, Greece, Jordan and other European countries through the laws in force in those countries related to the acquisition of nationality, which is centered on the deposit of large sums of money in banks or the opening of an investment project.
The official, who preferred not to be named, said that the reason for receiving these nationalities is purely commercial because they need to travel and move in more than one place and the Iraqi passport is considered a hindrance to them now.
"This may be a greater risk to the Iraqi market or the beginning of capital migration if business people find a safe place to work in countries that have acquired their nationality," the official said on condition of anonymity.
The decline in world oil prices led to a severe financial crisis that coincided with the war on the organization of "Daash" in the suspension of hundreds of factories and government plants, as well as the cancellation of more than 13 thousand investment projects were planned within the five-year plan 2013-2018, which led to increased reliance on The private sector, especially in the field of projects and short-term investments.
The Iraqi private sector GDP, according to previous reports of the Iraqi Ministry of Planning, increased by more than 33% during the last two years, the highest rate achieved in recent years.
The private sector has been a competitor in various projects and investments such as iron and steel, cement, various construction, canning and food factories, the import and export sector, and local general trade, except for banks, which have grown to 48 private banks in Iraq in the last four years, with an actual value of more than $ 116 billion, To the Central Bank of Iraq in 2014 at a time when the government has only six banks.
The head of the Iraqi Public Pension Authority, Ahmed al-Saadi, recently announced that the number of Iraqis working in the private sector exceeded the 12 million mark of Iraqis, the highest rate reached by the country so far.
A member of the Federation of Iraqi businessmen in Baghdad, Baha Bitar said, "The dozens of Iraqi businessmen and capitalists bought nationalities from other countries."
Bitar explained that "the laws of many countries allow the granting of citizenship through the deposit of funds ranging between 400 to 500 thousand dollars or the opening of an investment project there, and recently some Iraqis have passports without nationality from Arab countries as well."
Al-Bitar added: "I have obtained a Greek passport two years ago and now I go to China, Iran, Turkey and a number of Arab countries without a visa. I complete contracts there and go back to Baghdad. It is sad that Arab countries refuse to enter an Iraqi passport and enter a Greek passport." "This is flawed among us Arabs, especially as we are traders and not politicians," he said.
On this, said the Iraqi financial expert Ahmed, "The purchase of Iraqi businessmen nationals or passports of second countries is positive and no fears that lead to their migration to the country."
"The Iraqi market is profitable and promising and paid the businessman or trader about half a million dollars for obtaining a passport that facilitates his movement means that he is confident of his ability to make up for what he paid and his desire to continue to work in Iraq and invest in it."
The Jordanian Minister of State for Investment, Muhannad Shehata, announced earlier this week to complete the final procedures for five applications submitted by Arab investors, mostly Iraqis to obtain Jordanian nationality.
Shehadeh said in press statements that "the applications that completed the procedures for obtaining citizenship were among the three conditions that were set by the government," referring to the legal procedures to obtain Jordanian nationality for foreign investors, which require investment of at least two million dollars inside Jordan.
Iraqi officials do not have any accurate figures on what the private sector represents in the trade exchange between Iraq and other countries, but the former adviser to the Iraqi Ministry of Commerce Ihsan Khalidi explained that it is high, adding to the "new Arab" that the volume of trade with Iraq, Iran, Exceeds $ 30 billion a year, including at least $ 10 billion of the share of the private sector and the remaining government transactions include oil and important materials subsidized to the Iraqi street.
The head of the Iraqi Business Council in Amman, Majid al-Saadi, said that the number of Iraqi businessmen in Jordan reached 30 thousand and the amount of investment of about 18 billion dollars.
Al-Saadi said during a meeting at the 16th Arab Business Community Forum in the Dead Sea last month that Iraq now needs 5 million housing units and 10-20 thousand megawatts of electricity and 6,000 schools.
He explained that the future of Iraq is bright, especially after the victories achieved by the state against terrorists, expressing the hope of the return of Arab products to the Iraqi market. The Iraqi government is seeking to provide investment facilities in order to attract Iraqi and foreign businessmen to participate in the reconstruction projects of cities liberated from the organization.
[You must be registered and logged in to see this link.]
Economie
Since 2018-05-11 at 10:35 (Baghdad time)
[You must be registered and logged in to see this image.]
Baghdad - Mawazine News
BAGHDAD (Reuters) - At least 200 prominent businessmen have received nationalities over the past two years to ease their movement and move between countries, Iraqi officials said in Baghdad, due to obstacles imposed on Iraqis who require visas to enter most of the world, especially the European Union.
The Iraqi passport lists the countries of the region and the world in the latest classification of the site "Passport Index" on the list of the worst passports in the world.
A number of Iraqi businessmen and members of chambers of commerce in Baghdad and the provinces have asked the government to grant them diplomatic passports to facilitate their movement to and from the country in line with the government's promises to revitalize and support the commercial sector in Iraq, but the government rejected the request and promised the Federation of Iraqi businessmen to approach European and Asian countries to facilitate their entry To those countries for commercial purposes without being implemented.
According to a government official in Baghdad, "the 200 Iraqi businessmen have acquired nationalities of Turkey, Greece, Jordan and other European countries through the laws in force in those countries related to the acquisition of nationality, which is centered on the deposit of large sums of money in banks or the opening of an investment project.
The official, who preferred not to be named, said that the reason for receiving these nationalities is purely commercial because they need to travel and move in more than one place and the Iraqi passport is considered a hindrance to them now.
"This may be a greater risk to the Iraqi market or the beginning of capital migration if business people find a safe place to work in countries that have acquired their nationality," the official said on condition of anonymity.
The decline in world oil prices led to a severe financial crisis that coincided with the war on the organization of "Daash" in the suspension of hundreds of factories and government plants, as well as the cancellation of more than 13 thousand investment projects were planned within the five-year plan 2013-2018, which led to increased reliance on The private sector, especially in the field of projects and short-term investments.
The Iraqi private sector GDP, according to previous reports of the Iraqi Ministry of Planning, increased by more than 33% during the last two years, the highest rate achieved in recent years.
The private sector has been a competitor in various projects and investments such as iron and steel, cement, various construction, canning and food factories, the import and export sector, and local general trade, except for banks, which have grown to 48 private banks in Iraq in the last four years, with an actual value of more than $ 116 billion, To the Central Bank of Iraq in 2014 at a time when the government has only six banks.
The head of the Iraqi Public Pension Authority, Ahmed al-Saadi, recently announced that the number of Iraqis working in the private sector exceeded the 12 million mark of Iraqis, the highest rate reached by the country so far.
A member of the Federation of Iraqi businessmen in Baghdad, Baha Bitar said, "The dozens of Iraqi businessmen and capitalists bought nationalities from other countries."
Bitar explained that "the laws of many countries allow the granting of citizenship through the deposit of funds ranging between 400 to 500 thousand dollars or the opening of an investment project there, and recently some Iraqis have passports without nationality from Arab countries as well."
Al-Bitar added: "I have obtained a Greek passport two years ago and now I go to China, Iran, Turkey and a number of Arab countries without a visa. I complete contracts there and go back to Baghdad. It is sad that Arab countries refuse to enter an Iraqi passport and enter a Greek passport." "This is flawed among us Arabs, especially as we are traders and not politicians," he said.
On this, said the Iraqi financial expert Ahmed, "The purchase of Iraqi businessmen nationals or passports of second countries is positive and no fears that lead to their migration to the country."
"The Iraqi market is profitable and promising and paid the businessman or trader about half a million dollars for obtaining a passport that facilitates his movement means that he is confident of his ability to make up for what he paid and his desire to continue to work in Iraq and invest in it."
The Jordanian Minister of State for Investment, Muhannad Shehata, announced earlier this week to complete the final procedures for five applications submitted by Arab investors, mostly Iraqis to obtain Jordanian nationality.
Shehadeh said in press statements that "the applications that completed the procedures for obtaining citizenship were among the three conditions that were set by the government," referring to the legal procedures to obtain Jordanian nationality for foreign investors, which require investment of at least two million dollars inside Jordan.
Iraqi officials do not have any accurate figures on what the private sector represents in the trade exchange between Iraq and other countries, but the former adviser to the Iraqi Ministry of Commerce Ihsan Khalidi explained that it is high, adding to the "new Arab" that the volume of trade with Iraq, Iran, Exceeds $ 30 billion a year, including at least $ 10 billion of the share of the private sector and the remaining government transactions include oil and important materials subsidized to the Iraqi street.
The head of the Iraqi Business Council in Amman, Majid al-Saadi, said that the number of Iraqi businessmen in Jordan reached 30 thousand and the amount of investment of about 18 billion dollars.
Al-Saadi said during a meeting at the 16th Arab Business Community Forum in the Dead Sea last month that Iraq now needs 5 million housing units and 10-20 thousand megawatts of electricity and 6,000 schools.
He explained that the future of Iraq is bright, especially after the victories achieved by the state against terrorists, expressing the hope of the return of Arab products to the Iraqi market. The Iraqi government is seeking to provide investment facilities in order to attract Iraqi and foreign businessmen to participate in the reconstruction projects of cities liberated from the organization.
[You must be registered and logged in to see this link.]
Yesterday at 6:55 am by Rocky
» “Money for survival”: Al-Saihoud: Al-Sudani prevented the economics of the parties, so they turned a
Yesterday at 6:54 am by Rocky
» Iraqi banks are in crisis: structural imbalance, double taxation and deep corruption
Yesterday at 6:51 am by Rocky
» Al-Sudani's Advisor: Iraq is witnessing an economic transformation and a big leap with the spread of
Yesterday at 6:47 am by Rocky
» Iraq buys nearly 52 tons of gold in three years
Yesterday at 6:45 am by Rocky
» Arab Monetary Fund: Digital transformation is a key factor in reshaping the banking sector
Yesterday at 6:44 am by Rocky
» Iraq's closest allies: Americans will remain in the Kurdistan Region and Baghdad will not change the
Yesterday at 6:40 am by Rocky
» First cybersecurity platform reveals government interest in protecting data of individuals and insti
Yesterday at 5:11 am by Rocky
» Al-Sudani: The government was subjected to attempts to “distort and obstruct” its work
Yesterday at 5:09 am by Rocky
» Al-Sudani's advisor: The government's internal debt decreased by two trillion dinars
Yesterday at 5:07 am by Rocky
» MP: Personal Status Law Amendments are More Fair than Current Law
Yesterday at 5:05 am by Rocky
» Sudanese advisor: A joint announcement on the schedule for the withdrawal of US forces will be issue
Yesterday at 5:04 am by Rocky
» Due to manipulation and forgery... 25 thousand transactions for those affected by terrorist operatio
Yesterday at 5:03 am by Rocky
» Call for the Bar Association to cleanse its legal body of lawyers who abuse it
Yesterday at 5:01 am by Rocky
» Major General Rasool: Iraq's borders are fully secured
Yesterday at 5:00 am by Rocky
» Central Bank: Electronic payment systems have contributed to enhancing Iraq’s compliance with anti-m
Yesterday at 4:58 am by Rocky
» Al-Sudani's Advisor: Iraq is witnessing an economic transformation and a big leap with the spread of
Yesterday at 4:57 am by Rocky
» Al-Alaq: 70 digital banks have applied to the Central Bank for a license
Yesterday at 4:54 am by Rocky
» Al-Hanthal: We seek to reach a 60% financial inclusion rate by 2025
Yesterday at 4:53 am by Rocky
» Al-Sudani's advisor explains: What is the impact of applying e-governance on corruption in Iraq?
Yesterday at 4:52 am by Rocky
» Baghdad to host tomorrow the conference "Electronic Payment towards Financial Stability in Iraq"
Yesterday at 4:50 am by Rocky
» With high-level government and parliamentary attendance... Launch of the "Electronic Payment towards
Yesterday at 4:48 am by Rocky
» List of gold and dollar prices in local markets in Iraq
Yesterday at 4:45 am by Rocky
» After returning to Iran, Pezeshkian: We signed strategic plans with Iraq in travel and trade
Yesterday at 4:43 am by Rocky
» The budget is exposed to 3 strong shocks.. A representative reveals the extent of its impact on liqu
Yesterday at 4:42 am by Rocky
» Corruption is disrupting the “beating heart of democracy” in Iraq
Yesterday at 4:40 am by Rocky
» Al-Sudani calls on clerics to support the government in the responsibility of managing the general a
Yesterday at 4:39 am by Rocky
» Washington Post: America plans to keep troops in Kurdistan to protect the region from "factions"
Yesterday at 4:38 am by Rocky
» Economist reveals reasons for OPEC quotas' decreased effectiveness in controlling prices
Yesterday at 4:36 am by Rocky
» Al-Rasheed: Selling dollars to travelers exclusively through our branches
Yesterday at 4:34 am by Rocky
» What happened in Bezeshkian's meeting with the leaders of the Coordination Framework in Baghdad?
Yesterday at 4:32 am by Rocky
» He confirmed the existence of extensive discussions to address the financial deficit.. Al-Sudani’s a
Yesterday at 4:31 am by Rocky
» He confirmed the existence of extensive discussions to address the financial deficit.. Al-Sudani’s a
Yesterday at 4:30 am by Rocky
» He confirmed the existence of extensive discussions to address the financial deficit.. Al-Sudani’s a
Yesterday at 4:29 am by Rocky
» Will Pezeshkian's visit to Kurdistan pave the way for a new phase in Tehran-Erbil relations?
Yesterday at 4:28 am by Rocky
» Parliamentarian reveals the extent of the budget’s impact on liquidity and state obligations: It is
Yesterday at 4:27 am by Rocky
» Right to Information Law Stirs Controversy Again, Journalists Confront It
Yesterday at 4:26 am by Rocky
» The House of Representatives decides to resume its sessions next Monday
Yesterday at 4:23 am by Rocky
» OPEC Secretary General: Iraq has contributed to providing prominent and multiple contributions to th
Yesterday at 4:22 am by Rocky
» Central Bank Governor Ali Al-Alaq: 70 digital banks have submitted a license application to the Cent
Yesterday at 4:21 am by Rocky
» The Central Bank of Iraq announces the volume of Iraqi funds circulating in international digital ba
Yesterday at 4:20 am by Rocky
» In Alsumaria Newsletter: The Parliament’s Stalled Laws, the Basra Fire, and the Bankruptcy of the Po
Yesterday at 4:19 am by Rocky
» Oil rents and lack of economic diversification.. What is their relationship to the “13 million missi
Yesterday at 4:16 am by Rocky
» CONFIRMS Debate Earrings Were Earpieces—Caught RED-HANDED!
Fri 13 Sep 2024, 5:03 am by Rocky
» MM&C 9/12/24 Economic renaissance and unprecedented progress.. Iraq maximizes its non-oil revenues a
Fri 13 Sep 2024, 5:00 am by Rocky
» Rafidain explains the benefits of electronic payment
Fri 13 Sep 2024, 4:56 am by Rocky
» International Coalition.. Withdrawal by Government-Political Agreement
Fri 13 Sep 2024, 4:52 am by Rocky
» Russia: $19 billion is the size of our investments in the energy sector in Iraq
Fri 13 Sep 2024, 4:48 am by Rocky
» When will the government resort to amending the budget law? An economic expert explains
Fri 13 Sep 2024, 4:46 am by Rocky
» After the decline in oil, a government advisor: We have the capabilities to confront the problems of
Fri 13 Sep 2024, 4:45 am by Rocky
» Salaries are “sacred” but the price will be high… Is Iraq ready?
Fri 13 Sep 2024, 4:42 am by Rocky
» The “Access to Information” Act classifies documents as secret and undermines access to them.
Fri 13 Sep 2024, 4:41 am by Rocky
» Movement leader talks about US military movements inside Iraq
Fri 13 Sep 2024, 4:33 am by Rocky
» Legal expert clarifies charges related to audio recordings of officials
Fri 13 Sep 2024, 4:32 am by Rocky
» Coinciding with Pezeshkian's visit... indicators of Iranian exports to Iraq
Fri 13 Sep 2024, 4:28 am by Rocky
» Al-Hakim calls on Parliament to vote on the Programmers Syndicate Law
Fri 13 Sep 2024, 4:23 am by Rocky
» Nineveh Council: The province is free of tribal "debts" and 80% of disputes end without problems
Fri 13 Sep 2024, 4:22 am by Rocky
» US Embassy in Baghdad Holds Iran-Backed Groups Responsible for Tuesday's Attack
Fri 13 Sep 2024, 4:21 am by Rocky
» Central Bank denies forged letter regarding dollar sale
Fri 13 Sep 2024, 4:19 am by Rocky
» After Al-Sudani’s statement... What is the importance of moving towards “privatizing” government com
Fri 13 Sep 2024, 4:17 am by Rocky
» Confirmed the existence of 3 partnerships with Baghdad in energy.. Turkey: We have great potential f
Fri 13 Sep 2024, 4:16 am by Rocky
» The Iraqi Integrity Commission and the Jordanian Anti-Corruption Commission discuss the mechanisms f
Fri 13 Sep 2024, 4:14 am by Rocky
» A new front in the conflict with parliament.. organizations and journalists confront a law related t
Fri 13 Sep 2024, 4:12 am by Rocky
» Political stalemate deepens crises.. Delaying the selection of the Speaker of the House of Represent
Fri 13 Sep 2024, 4:11 am by Rocky
» Iraq receives 13 offers from Egyptian companies to implement road and bridge projects
Fri 13 Sep 2024, 4:09 am by Rocky
» Shatt al-Arab pollution crisis: an existential threat to food sources and ecosystems
Fri 13 Sep 2024, 4:08 am by Rocky
» With Pezeshkian's visit, Tehran aims to increase trade exchange to 50 billion with Baghdad
Fri 13 Sep 2024, 4:07 am by Rocky
» Minister of Health approves the distribution of trainee doctors, graduates of 2020-2021
Fri 13 Sep 2024, 4:05 am by Rocky
» Interrogation is almost suspended in the Iraqi parliament.. What are the reasons for the absence of
Fri 13 Sep 2024, 4:04 am by Rocky
» Iraq 'concerned' about climate change threats to historical monuments
Fri 13 Sep 2024, 4:03 am by Rocky
» International ruling against the Central Bank obliges Iraq to pay $11 million
Fri 13 Sep 2024, 4:00 am by Rocky
» Alsumaria headlines: Central Bank fine and judicial investigations into integrity leaks
Fri 13 Sep 2024, 3:58 am by Rocky
» Of a different kind.. A new espionage campaign in Iraq
Fri 13 Sep 2024, 3:55 am by Rocky
» The second in two decades.. Iraq is "empty" of Americans again and Baghdad "will request their retur
Fri 13 Sep 2024, 3:54 am by Rocky
» Details of a lengthy meeting in Iraq revealed, from which Pezeshkian left "frustrated"
Fri 13 Sep 2024, 3:52 am by Rocky
» US dismay at Pezeshkian’s choice of Iraq as his “first stop”…and domestic political support for with
Fri 13 Sep 2024, 3:51 am by Rocky
» Amendments to laws concerning state employees
Fri 13 Sep 2024, 3:49 am by Rocky
» What does Iranian President Masoud Pezeshkian's visit to Kurdistan mean?
Fri 13 Sep 2024, 3:48 am by Rocky
» In numbers.. Indicators of the development of Iranian exports to Iraq
Fri 13 Sep 2024, 3:46 am by Rocky
» Washington identifies group accused of bombing diplomatic facility near Baghdad airport
Fri 13 Sep 2024, 3:45 am by Rocky
» utube 9/10/24 MM&C IQD Update-Iraq Dinar-#iraqidinar-#xrpIraq Reconciling-Unif
Thu 12 Sep 2024, 6:55 am by Rocky
» Parliamentary request to host Al-Sudani amid threats to the Federal Court
Thu 12 Sep 2024, 6:51 am by Rocky
» Al-Sudani stresses the importance of partnership with the private sector to meet market needs
Thu 12 Sep 2024, 6:50 am by Rocky
» Iraq, Saudi Arabia discuss joint legal files
Thu 12 Sep 2024, 6:48 am by Rocky
» Al-Maliki: Combined efforts of political forces prevents the collapse of Iraq
Thu 12 Sep 2024, 6:47 am by Rocky
» Parliamentary bloc disputes: Vital laws await and divisions grow
Thu 12 Sep 2024, 5:17 am by Rocky
» Türkiye: Exporting Iraqi oil via Ceyhan is an alternative and an opportunity to diversify transporta
Thu 12 Sep 2024, 5:16 am by Rocky
» Economist rules out any move to amend salary scale
Thu 12 Sep 2024, 5:13 am by Rocky
» Al-Surji: 3 reasons behind the weakness of the Iraqi position towards the Turkish incursion
Thu 12 Sep 2024, 5:12 am by Rocky
» Minister of Planning: There are no political obstacles preventing the population census
Thu 12 Sep 2024, 5:11 am by Rocky
» Al-Sudani sponsors the signing of 3 contracts for industrial projects
Thu 12 Sep 2024, 5:09 am by Rocky
» 19 MoUs Signed on First Day of Belt and Road Summit
Thu 12 Sep 2024, 5:06 am by Rocky
» Issuance of more than 191 thousand national cards for those covered by social protection
Thu 12 Sep 2024, 5:04 am by Rocky
» Housing Fund: We will issue 16,000 transactions of bonds by this date
Thu 12 Sep 2024, 5:03 am by Rocky
» Parliamentary Services calls for investing in open lands and turning them into parks: Citizens need
Thu 12 Sep 2024, 5:02 am by Rocky
» Iranian Minister of Roads: We will hold consultations with Iraq regarding strategic railway link
Thu 12 Sep 2024, 5:01 am by Rocky
» Pezeshkian discusses with Iranian traders obstacles to developing trade with Iraq
Thu 12 Sep 2024, 5:00 am by Rocky
» Banking Association Advisor: International Payments and Banking Technologies Conference a Platform t
Thu 12 Sep 2024, 4:59 am by Rocky
» Parliamentary Committee Rejects “Free” Oil Export via Aqaba Port
Thu 12 Sep 2024, 4:58 am by Rocky