[size=36]Fleeing billions of dollars from Iraq and foreign companies freeze their activity and leave[/size]
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, a government official said, on Thursday, that billions of dollars have fled from Iraq and foreign companies are freezing their activities and leaving it.
The official said, "The current climate of confusion, politically, security and economically, has prompted a number of foreign companies to freeze their activities and leave the country, while others have stopped undertaking their contracted projects."
He added that "billions of dollars fled from Iraq to more stable countries among them for local investors and other foreigners," adding that "hundreds of other investors have frozen their spending on several huge projects to wait for what will happen in the situation, especially with the American-Iranian escalation."
He continued, "The matter is very worrying, foreign companies withdraw, including the North Gulf Company, which is a company operating in the services sector, and a number of Chinese entities in various sectors did not start implementing their projects due to the crisis situation, as well as other Iranian also did not start their projects."
And Al-Shamoul said, “The investors informed the Iraqi government of their concern about the confused situation, which resulted in an insecure environment for them, and requested the provision of forces to protect their companies from any attack,” adding that “the government did not fulfill their request, which led them to freeze their activities and leave some of them the country.” .
Iraq is witnessing a dispute over the new government, after the resignation of Prime Minister Adel Abdul-Mahdi, at the end of last November, and the government’s conduct of business duties since then, which further complicated the scene in the country that is witnessing angry demonstrations since October, in protest against the deteriorating living conditions In the oil-rich country while suffering from widespread corruption, it ended 29 / A 43