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The Commercial Court attributes the slow investment in Iraq to political, security, and clan disputes
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Economy News - Baghdad:
The head of the Commercial Court, Elham Fakhry, attributed the slow investment in Iraq to political and security situations and tribal disputes.
Fakhri said, in an interview with her published by the Judiciary Newspaper and seen by "Al-Iqtisad News", that "the Iraqi investment law is one of the most successful laws because of the privileges granted to the investor such as tax exemptions and fees and the right of ownership of some projects of a residential nature."
She added that "the real obstacles appear in the practical application of slow investment wheel for political and security reasons," noting that "groups outside the law and tribal conflicts often constitute an obstacle to the sites of investment projects in addition to the presence of corruption in some state institutions."
Fakhry mentioned that these obstacles are temporary and that the Iraqi witnesses are certain of a great qualitative shift in the event of developing serious plans, providing lands, capabilities and preparing qualified cadres.
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