[size=36]The decline of Arab and foreign capital in Iraq .. What is the fate of these investments?[/size]
Reports| 01:45 - 23/07/2021
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Baghdad Mawazine News
Fears and risks have increased for Arab and foreign capital in Iraq, which prompted giant investment companies to migrate in conjunction with the increased targeting of foreign and American interests in Mesopotamia, during the recent period, after this extended to reach the city of Erbil, which is considered the most secure Iraqi environment. In terms of security and economics for Arab and foreign investors.
This comes with Iraq's urgent need for these investments and it is suffering from economic, political and health crises, as it is an important source and a successful and necessary step in such exceptional circumstances, to finance itself and exploit natural resources, in addition to breaking the local monopoly by enhancing competitiveness by opening new markets with abroad.
In the capital, Baghdad alone, the volume of domestic and foreign investments amounted to about $15 billion between 2010 and 2017, according to a previous statement by the head of the Investment Authority, Shaker Al-Zamili.
Turkey had a major role in these investments, in addition to the Gulf countries. Health, tourism, agriculture and education topped the economic sectors that these investments acquired.
Iraq legislated the Investment Law in 2006, with the aim of attracting foreign investors to contribute to the reconstruction of the country, whose infrastructure has been severely damaged by wars and tensions.
The least Arab investment
In terms of attracting Arab investments, which amounted to $30.8 billion in 2018, the figures issued by the Foreign Direct Investment Report issued by the United Nations Conference on Trade and Development "UNCTAD" showed that Iraq was the least attractive to foreign investments in the aforementioned year in the Arab region.
After the armed factions in Iraq announced the truce for the withdrawal of foreign forces, they increased their targeting of American interests, and this was not limited to Baghdad only, whether through Katyusha rockets or improvised explosive devices and drones, but also extended to the city of Erbil, capital of the Kurdistan Region, and this threatened the reality of foreign companies and capital. Arab and fears of continuing to invest.
The number of attacks last year amounted to 76, targeting with Katyusha rockets and improvised explosive devices, but since last April the factions began using drones to carry out their operations, and this did not exclude even the American interests in Kurdistan, specifically in Erbil.
The migration of Arab and foreign capital
The continuation of this maneuver between the armed factions and the American forces has worsened the internal security situation and made it fragile, in addition to rampant corruption and dilapidated services, all factors that exacerbate this fragility to be directly reflected on the reality of Arab and foreign investment in Iraq, and the fears of not continuing it at a time everyone knows. The country's need for foreign direct investment to rotate its industrial wheel.
This problem has become very intractable for Iraq, and has increased the security turmoil and internal instability in it, adding other concerns, not only from attacks - as the economist Hammam Al-Shamaa says - but from the escalation of instability that threatens foreign investments clearly and explicitly with the presence of weapons outside the scope of the state .
Targeting foreign interests cut off the way to supply Iraq’s economy and get it out of the impasse represented by the dominance of the oil sector, which controls its economy. This prompted Al-Shamaa to describe the continued targeting of diplomatic and foreign interests as steps that came to destroy the economy by striking foreign investors for the benefit of parties he says finance these armed factions.
And the transition of the armed factions from the tactic of explosive devices to target foreign interests to the use of drones confirms the absence of a state capable of protecting internal security, and this leads to the escalation of their role and the groups trying to exploit investors, whether foreign or local, according to Al-Shammaa, who confirmed to Al Jazeera Net that based on To the above reasons, it led to the decline and emigration of Arab and foreign capital, and the lack of investment in Iraq, with all kinds of provocation.
Al-Shamaa acknowledges - in response to a question by Al-Jazeera Net - whether the government's attempts to revitalize its economy by creating a safe environment in order to attract foreign and Arab companies succeeded, saying, "All of them failed and did not succeed in improving the country's investment environment to limit the dominance and control of local armed factions over the reality of investment." .
The review of international aid,
in turn, confirms a member of the Parliamentary Economy Committee, Nada Shaker, saying, "The government is not strong in controlling its sovereignty and its security pace, at a time when everyone knows the source of these attacks and where they are launched."
The continuation of these attacks will prompt a reduction in international aid provided to Iraq at a time when it is most needed to face health, security and economic challenges. The MP warns against the reluctance of the foreign and Arab investor and his lack of conviction to invest in Iraq as a result of the continuation of the attacks, in addition to the political rivalries.
In her response to a question by Al-Jazeera Net about the most important conditions that must be met to attract Arab and foreign capital, the deputy describes that capital is "cowardly" because it "is looking for a safe and sound environment, and this in itself means the migration of Arab and foreign capital from Iraq because it is unstable in security." .
She believes that "the areas liberated from the Islamic State are more promising for Arab and foreign investment than the central and southern regions of the country," which she describes as "similar to primitiveness."
It concludes with the advice that the Iraqi negotiator has the ability and intelligence, which helps him to win and attract efficient companies.
For his part, the security expert, Aqil Al-Tai, describes the move of armed groups to target American interests inside the city of Erbil, which has a very large economic power, as a “very dangerous escalation,” explaining that these factions resort to the method of drones targeting foreign interests in Kurdistan as a reaction to an action that may be stronger than it. Sometimes, this is what calls for the necessity of adopting new economic mechanisms that save and protect Arab and foreign capital instead of squandering it.
Al-Taie believes that the Iraqi environment is economically repulsive to foreign and Arab investment, and this is what prompted the migration of many major Arab and international investment companies recently, stressing to Al-Jazeera Net that the foreign investor first thinks before investing is the safe environment in dealing and implementation. However, the constant skirmishes between the armed factions and the American forces prevent the country from having a secure economic environment that satisfies investors.
The only solution, according to Al-Ta’i, which is the most appropriate period to win Arab and foreign investors, is for the government to schedule the exit of foreign forces, regardless of their identity or nationality, to serve as guarantees that foreign economic interests will not continue to be targeted, but at the same time he warns of what he calls “the pernicious geographical and political occupation.” on Iraqi politics as a result of its subordination to regional and external influences.” Ended 29/A 43
Fears and risks have increased for Arab and foreign capital in Iraq, which prompted giant investment companies to migrate in conjunction with the increased targeting of foreign and American interests in Mesopotamia, during the recent period, after this extended to reach the city of Erbil, which is considered the most secure Iraqi environment. In terms of security and economics for Arab and foreign investors.
This comes with Iraq's urgent need for these investments and it is suffering from economic, political and health crises, as it is an important source and a successful and necessary step in such exceptional circumstances, to finance itself and exploit natural resources, in addition to breaking the local monopoly by enhancing competitiveness by opening new markets with abroad.
In the capital, Baghdad alone, the volume of domestic and foreign investments amounted to about $15 billion between 2010 and 2017, according to a previous statement by the head of the Investment Authority, Shaker Al-Zamili.
Turkey had a major role in these investments, in addition to the Gulf countries. Health, tourism, agriculture and education topped the economic sectors that these investments acquired.
Iraq legislated the Investment Law in 2006, with the aim of attracting foreign investors to contribute to the reconstruction of the country, whose infrastructure has been severely damaged by wars and tensions.
The least Arab investment
In terms of attracting Arab investments, which amounted to $30.8 billion in 2018, the figures issued by the Foreign Direct Investment Report issued by the United Nations Conference on Trade and Development "UNCTAD" showed that Iraq was the least attractive to foreign investments in the aforementioned year in the Arab region.
After the armed factions in Iraq announced the truce for the withdrawal of foreign forces, they increased their targeting of American interests, and this was not limited to Baghdad only, whether through Katyusha rockets or improvised explosive devices and drones, but also extended to the city of Erbil, capital of the Kurdistan Region, and this threatened the reality of foreign companies and capital. Arab and fears of continuing to invest.
The number of attacks last year amounted to 76, targeting with Katyusha rockets and improvised explosive devices, but since last April the factions began using drones to carry out their operations, and this did not exclude even the American interests in Kurdistan, specifically in Erbil.
The migration of Arab and foreign capital
The continuation of this maneuver between the armed factions and the American forces has worsened the internal security situation and made it fragile, in addition to rampant corruption and dilapidated services, all factors that exacerbate this fragility to be directly reflected on the reality of Arab and foreign investment in Iraq, and the fears of not continuing it at a time everyone knows. The country's need for foreign direct investment to rotate its industrial wheel.
This problem has become very intractable for Iraq, and has increased the security turmoil and internal instability in it, adding other concerns, not only from attacks - as the economist Hammam Al-Shamaa says - but from the escalation of instability that threatens foreign investments clearly and explicitly with the presence of weapons outside the scope of the state .
Targeting foreign interests cut off the way to supply Iraq’s economy and get it out of the impasse represented by the dominance of the oil sector, which controls its economy. This prompted Al-Shamaa to describe the continued targeting of diplomatic and foreign interests as steps that came to destroy the economy by striking foreign investors for the benefit of parties he says finance these armed factions.
And the transition of the armed factions from the tactic of explosive devices to target foreign interests to the use of drones confirms the absence of a state capable of protecting internal security, and this leads to the escalation of their role and the groups trying to exploit investors, whether foreign or local, according to Al-Shammaa, who confirmed to Al Jazeera Net that based on To the above reasons, it led to the decline and emigration of Arab and foreign capital, and the lack of investment in Iraq, with all kinds of provocation.
Al-Shamaa acknowledges - in response to a question by Al-Jazeera Net - whether the government's attempts to revitalize its economy by creating a safe environment in order to attract foreign and Arab companies succeeded, saying, "All of them failed and did not succeed in improving the country's investment environment to limit the dominance and control of local armed factions over the reality of investment." .
The review of international aid,
in turn, confirms a member of the Parliamentary Economy Committee, Nada Shaker, saying, "The government is not strong in controlling its sovereignty and its security pace, at a time when everyone knows the source of these attacks and where they are launched."
The continuation of these attacks will prompt a reduction in international aid provided to Iraq at a time when it is most needed to face health, security and economic challenges. The MP warns against the reluctance of the foreign and Arab investor and his lack of conviction to invest in Iraq as a result of the continuation of the attacks, in addition to the political rivalries.
In her response to a question by Al-Jazeera Net about the most important conditions that must be met to attract Arab and foreign capital, the deputy describes that capital is "cowardly" because it "is looking for a safe and sound environment, and this in itself means the migration of Arab and foreign capital from Iraq because it is unstable in security." .
She believes that "the areas liberated from the Islamic State are more promising for Arab and foreign investment than the central and southern regions of the country," which she describes as "similar to primitiveness."
It concludes with the advice that the Iraqi negotiator has the ability and intelligence, which helps him to win and attract efficient companies.
For his part, the security expert, Aqil Al-Tai, describes the move of armed groups to target American interests inside the city of Erbil, which has a very large economic power, as a “very dangerous escalation,” explaining that these factions resort to the method of drones targeting foreign interests in Kurdistan as a reaction to an action that may be stronger than it. Sometimes, this is what calls for the necessity of adopting new economic mechanisms that save and protect Arab and foreign capital instead of squandering it.
Al-Taie believes that the Iraqi environment is economically repulsive to foreign and Arab investment, and this is what prompted the migration of many major Arab and international investment companies recently, stressing to Al-Jazeera Net that the foreign investor first thinks before investing is the safe environment in dealing and implementation. However, the constant skirmishes between the armed factions and the American forces prevent the country from having a secure economic environment that satisfies investors.
The only solution, according to Al-Ta’i, which is the most appropriate period to win Arab and foreign investors, is for the government to schedule the exit of foreign forces, regardless of their identity or nationality, to serve as guarantees that foreign economic interests will not continue to be targeted, but at the same time he warns of what he calls “the pernicious geographical and political occupation.” on Iraqi politics as a result of its subordination to regional and external influences.” Ended 29/A 43
[You must be registered and logged in to see this link.]
Today at 7:06 am by Rocky
» utube 9/15/24 MM&C Iraq Dinar Update - #xrpripple #iraqidinar Digital Transformation - Global Even
Today at 7:01 am by Rocky
» utube 9/16/24 MM&C Iraq Dinar Update - #xrpripple #iraqidinar - Electronic International Payments
Today at 7:01 am by Rocky
» Progress reveals new political endorsement for its candidate for parliament speaker
Today at 6:57 am by Rocky
» Al-Sudani: Announcing the end of the international coalition mission soon, and we are committed to O
Today at 6:56 am by Rocky
» Iraq and Austria sign a loan financing agreement to stimulate the agricultural sector
Today at 6:54 am by Rocky
» Pending amnesty and complex negotiations: Justice and politics intertwine in the parliament hall
Today at 6:51 am by Rocky
» Amnesty Law: A New Ticket for Corruptors or a Correction of What Politics Has Broken?
Today at 6:50 am by Rocky
» Al-Sudani turns the page on the international coalition.. 2024 is not like 2014
Today at 6:49 am by Rocky
» Oil moves towards generalizing electronic payment in all governorates
Today at 6:48 am by Rocky
» Economist: Decongestion projects will not succeed
Today at 6:46 am by Rocky
» Abu Saeeda: The government is "afraid" of Washington's demand to withdraw its forces from Iraq
Today at 6:45 am by Rocky
» What is the truth of the bargain of passing the amnesty in exchange for personal status?
Today at 6:44 am by Rocky
» MP confirms boycott of parliament sessions due to general amnesty law
Today at 6:43 am by Rocky
» Headed by Al-Sudani.. The Council of Ministers holds its regular session
Today at 6:42 am by Rocky
» Rising housing prices.. Collecting parliamentary signatures to question the head of the Investment A
Today at 6:41 am by Rocky
» Al-Fath: Equipping the Peshmerga with artillery is a first step towards the region’s military secess
Today at 6:40 am by Rocky
» Violations and waste of public money.. Voices calling for the need to expose port corruption are ris
Today at 6:38 am by Rocky
» Currency Auction.. The Central Bank of Iraq sells more than $ 249 million in one day
Today at 6:36 am by Rocky
» Parliamentary Finance Committee discusses proposal to establish sovereign fund
Today at 6:34 am by Rocky
» Karbala: Violations and delays in establishing a park worth 2.4 billion dinars revealed
Today at 6:32 am by Rocky
» Iraq falls to fifth place in buying real estate in Türkiye during the month
Today at 6:31 am by Rocky
» Al-Sudani diagnoses the oil problem of Baghdad and Erbil.. What about the Ceyhan pipeline?
Today at 5:22 am by Rocky
» 500,000 salaries registered in the “Hisabi” system in the Kurdistan Region
Today at 5:21 am by Rocky
» Al-Nusairi identifies the challenges facing Iraqi private banks and opportunities for banking reform
Today at 5:20 am by Rocky
» "Our Country's Dream"... Al-Sudani Sends an "Important" Message to Gulf States Regarding the Path to
Today at 5:18 am by Rocky
» 110 thousand barrels is the volume of decrease in Iraqi exports since the beginning of this month
Today at 5:17 am by Rocky
» Economist: Iran's exports to Iraq increased 71-fold in 20 years
Today at 5:16 am by Rocky
» Pezeshkian praises the results of his visit to Iraq
Today at 5:15 am by Rocky
» Al-Sudani: The government seeks to buy services from investors
Today at 5:13 am by Rocky
» Real estate manipulators between the jaws of the "justice pincers"
Today at 5:12 am by Rocky
» Mechanism to resolve tribal conflicts in Maysan
Today at 5:11 am by Rocky
» Decline in Iraqi exports
Today at 5:10 am by Rocky
» Spanish company implements Basra-Shalamcheh railway
Today at 5:08 am by Rocky
» Advisor to the Prime Minister announces to {Sabah} the launch of the {Back to Education} initiative
Today at 5:07 am by Rocky
» Members of the Ministry of Defense in Basra demand the implementation of the allocation of land plot
Today at 5:05 am by Rocky
» The Social Protection Authority calls on its beneficiaries to expedite the issuance of the unified c
Today at 5:04 am by Rocky
» Trade Bank of Iraq announces mechanism for obtaining US dollars for travel purposes abroad
Today at 5:03 am by Rocky
» House of Representatives votes on agricultural land rental bill
Today at 5:01 am by Rocky
» Minister of Trade arrives in Baku at the head of an investment delegation
Today at 4:59 am by Rocky
» Iraq participates in the Sixth Arab Water Forum in Abu Dhabi
Today at 4:58 am by Rocky
» Parliamentary request to take legal action against an oil company for this reason
Today at 4:57 am by Rocky
» Iraqi Drilling Company Completes Rehabilitation of Two Oil Wells
Today at 4:56 am by Rocky
» Minister of Finance signs agreement with Austrian Ambassador to finance irrigation systems
Today at 4:55 am by Rocky
» Iraq signs loan financing agreement for agricultural sector revitalization projects with Austrian ba
Today at 4:52 am by Rocky
» Concerns about raising tax fees on citizens.. Parliamentary services enter the line
Today at 4:50 am by Rocky
» Dollar and gold prices in local markets in Baghdad
Today at 4:49 am by Rocky
» To discuss a number of financial files.. A delegation from the Kurdistan Regional Government visits
Today at 4:47 am by Rocky
» Chaos of appointments in state institutions.. Lack of planning threatens the economy and development
Today at 4:45 am by Rocky
» Submit a thousand signatures to amend the “Access to Information Law”
Today at 4:44 am by Rocky
» Transport to Al-Zawraa: Al-Faw Port will be the starting point for the development path towards Euro
Today at 4:42 am by Rocky
» Parliament ends second reading of amending personal status and general amnesty laws and adjourns ses
Today at 4:40 am by Rocky
» The Prime Minister stresses the importance of continuing the work of the Iraq Development Fund accor
Today at 4:39 am by Rocky
» Launching a new electronic reservation system on the unified card this week
Today at 4:38 am by Rocky
» Al-Sudani approves the governance guide for the Iraq Development Fund
Today at 4:36 am by Rocky
» Al-Sudani chairs Iraq Fund management meeting
Today at 4:31 am by Rocky
» Parliament hosts Chief of Staff of the Army and Undersecretary of the Ministry of Planning
Today at 4:30 am by Rocky
» Who is covered by the general amnesty law?
Today at 4:29 am by Rocky
» The President of the Supreme Judicial Council discusses judicial cooperation between the two countri
Today at 4:27 am by Rocky
» Al-Sudani announces the imminent end of the international coalition mission in Iraq: We will deal wi
Today at 4:26 am by Rocky
» This is how the citizen gets the dollar
Today at 4:25 am by Rocky
» Iraqi Drilling Company Completes Rehabilitation of Two Oil Wells in Basra
Today at 4:23 am by Rocky
» Parliament session disputes topple controversial laws, postpone others
Today at 4:21 am by Rocky
» Iraq renews its position rejecting foreign presence: We do not need 86 countries to remain on our la
Today at 4:19 am by Rocky
» Find out the dollar exchange rates in the Iraqi stock exchanges
Today at 4:17 am by Rocky
» Details of the American role in preventing Iraq from obtaining a Russian air defense system
Yesterday at 7:02 am by Rocky
» MP gives details on the repercussions of the theft of the century and the leaked recording of Hanoun
Yesterday at 7:01 am by Rocky
» MP warns of US ambassador's moves
Yesterday at 7:00 am by Rocky
» Government stresses the need to develop the air transport sector in Iraq
Yesterday at 6:57 am by Rocky
» Al-Sudani stresses the importance of continuing the work of the Iraq Development Fund according to t
Yesterday at 6:55 am by Rocky
» The Central Bank announces a 15.7% decline in Iraqi exports in the first quarter of this year
Yesterday at 6:53 am by Rocky
» Parliamentary condition for passing the amnesty law.. Who are those covered by the fight against ter
Yesterday at 6:50 am by Rocky
» Al-Sudani confirms the government's intention to purchase services from investors
Yesterday at 6:49 am by Rocky
» In preparation for Al-Sudani's visit... Formation of a high committee in Diyala - Urgent
Yesterday at 6:47 am by Rocky
» The first customs point after the "yellow" between the region and the federation in Diyala
Yesterday at 6:45 am by Rocky
» Misfortunes never come singly.. 15% tax on Facebook in Iraq
Yesterday at 6:44 am by Rocky
» After being almost free... the increase in government transaction fees angers citizens
Yesterday at 6:40 am by Rocky
» Private Banks Association: The number of electronic payment points in Iraq increased from 7 thousand
Yesterday at 5:20 am by Rocky
» Customs: AI to enhance risk management in imports
Yesterday at 5:18 am by Rocky
» Ministry of Foreign Affairs through development: It will be a safe corridor for the transport of goo
Yesterday at 5:17 am by Rocky
» Government plans to impose 15% tax on social media sites
Yesterday at 5:16 am by Rocky
» Low prices.. Parliamentary demands to open the land distribution file to officials
Yesterday at 5:15 am by Rocky
» Parliamentary Finance: Securing Employee Salaries for the Years 2024-2025
Yesterday at 5:14 am by Rocky
» 85% of foreign workers in Iraq have “no useful skills”.. This is what they earn annually
Yesterday at 5:12 am by Rocky
» Foreign labor!
Yesterday at 5:11 am by Rocky
» 100 new investment opportunities
Yesterday at 5:10 am by Rocky
» Expatriate workers transfer $2 billion abroad annually
Yesterday at 5:09 am by Rocky
» Al Sabah Finance Committee: The government has developed a plan to increase financial resources to s
Yesterday at 5:08 am by Rocky
» Water Supply Project in Nineveh Plain
Yesterday at 5:06 am by Rocky
» November.. Iraq offers 100 investment opportunities
Yesterday at 5:05 am by Rocky
» Tips to avoid electronic theft
Yesterday at 5:03 am by Rocky
» Trends towards establishing digital banks
Yesterday at 5:01 am by Rocky
» Al-Sudani chairs the regular meeting of the Board of Directors of the Iraq Development Fund
Yesterday at 4:58 am by Rocky
» Investment Authority: Egyptian companies wish to partner in implementing the development road
Yesterday at 4:57 am by Rocky
» Cryptocurrencies suffer losses of more than 2%
Yesterday at 4:56 am by Rocky
» Slight decrease in dollar exchange rates in Baghdad, Basra and Erbil
Yesterday at 4:54 am by Rocky
» Minister of Electricity to Nina: We have maintained the system without any outage and we will adopt
Yesterday at 4:53 am by Rocky
» American report monitors Turkish-Iranian competition in Iraq
Yesterday at 4:52 am by Rocky
» “Interrogation” is almost absent from the fifth session of Parliament.. The absence of the “Presiden
Yesterday at 4:50 am by Rocky