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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Indeed, the security pays the investment companies to leave their projects and leave Iraq

    Rocky
    Rocky
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    Indeed, the security pays the investment companies to leave their projects and leave Iraq  Empty Indeed, the security pays the investment companies to leave their projects and leave Iraq

    Post by Rocky Tue 22 Jul 2014, 7:57 am

    Indeed, the security pays the investment companies to leave their projects and leave Iraq 





    After the deterioration of the security situation and the fall of Mosul, however, militants, left investment companies operating in the capital Baghdad and the provinces of Western and Northern, which had a negative impact on the reality of investment in the country. 
    Chief Baghdad Provincial Council Riyad dentex, that six Turkish companies operating in the construction of residential complexes left Baghdad because of received threats from armed groups undisciplined, stressing that the threat of investment companies was the result of Turkey's policy toward Iraq. 
    explained that these companies reached in the process of the completion of their projects to more than 60%, which is affiliated to the domestic investment, stressing that the company, which implements complex project Rasheed Camp South of Baghdad, also left. 
    pointed out that foreign companies operating in the oil sector did not leave the country, noting that the Baghdad province and directed the security agencies and local police need to protect the property of these companies because they have reached an important stage of completion. 
    said Chairman Al-Noor Investment Mohammed Al-Douri said there are many of incumbents, personalities and political parties are demanding foreign investors a share in order to facilitate their work after the anchor project for them, stressing that there are threats of up to murder in some cases, in the event of non-payment of bribes, from without naming those individuals and agencies. 
    pointed out that the routine procedures in government departments in general contributed to the exit of investors because the transactions up to several months and is not completed, indicating that the deterioration of the security situation in the recent period contributed to the flight of investors, especially in the provinces where military operations in order to preserve their lives. 
    explained that the large losses suffered by foreign investors as a result of lack of ability to complete the project because of routine procedures and the deterioration of the security situation and the control of armed groups. 
    , said economic expert Majid picture that the security events and political taking place in Iraq led to the fragility of the investment climate, and contributed significantly to the exit of investors in the absence of full insurance for the investment process. 
    He added that the solution to the issue of a flight of investors at the beginning of it must be politically and accompanied by political stability and plans for a systematic and clear investment process and handled professionally full, indicating that the professional in dealing with the investment absent, and that the political and security conditions control everything in Iraq, so it is difficult to talk about the steps and procedures could offer positive solutions. 
    acknowledged Suri not interest the Iraqi state economic issues since the beginning of 2003 to now, which led to the emergence of the current problems because of political differences, stressing that there is an important factor in the flight of investors is not to approve the financial budget for the current year. 
    He said that all the economic measures since the beginning of the political process, even today illegal, adding that all laws enacted by the House of Representatives have not been applied, not to mention the absence of the final accounts of the budgets of Finance disbursed. 
    , and between that until now has not been implemented more than six thousand project worth 228 billion dinars, stressing the need to apply the Constitution and laws to reform economic institutions.

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