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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


    Kuwaiti investors: trade with Iraq could reach down to "zero"

    Rocky
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    Posts : 280553
    Join date : 2012-12-21
    • Post n°1

    Kuwaiti investors: trade with Iraq could reach down to "zero" Empty Kuwaiti investors: trade with Iraq could reach down to "zero"

    Post by Rocky Sun 17 Aug 2014, 9:44 am

    Kuwaiti investors: trade with Iraq could reach down to "zero" 

    2014/8/17 08:54:21 AM 
    BAGHDAD / Wi-News

    Al-Watan newspaper Ataiwatah, published a report on the economic effects of the collapse of security in Iraq, stating: Deputy Chairman of the Board of Directors of the refrigeration industry and favor packaging waste that increasing Altazemat political in the surrounding areas, especially in Iraq would have a direct impact on the Kuwaiti investments in Tense and private areas that these investments have increased significantly over the last period.

    He added the waste that the company's authorized dealers in Iraq for the marketing machines adaptation and cooling and the proportion of exports to grow significantly during the recent, but the recent crisis has returned to many of the negative effects on the proportion of export, especially as most of the country's ministries in some areas stalled and contracting projects, whether private or government are unknown features .

    He predicted that the declining percentage of export products Kuwaiti to «zero» if continued deterioration of the situation, advising companies founded projects there to wait and not to withdraw Perhaps political matters settle down and return things to normal is possible that the improvement occurs positively reflected on the export hoping to end these crises safely.

    For his part, pointed general manager of the Union of Building Materials Industry Ahmad Al-Nouri said the company is still going on in the export to Iraq have not been affected to this day, especially in the events that areas that are export them close to the border and did not harm her.

    He pointed out that traders Nouri importers in Iraq took advantage of the bad news and things are unstable to do some maneuvers business, which aims to lower prices, pointing out that the Kuwaiti merchants do not respond to these pressures do not reduce their prices of their products.

    He stressed that any defect may extend to safe areas would be reflected negatively on the export of the company's products, especially as they specializes in construction sector and construction sector, which is one of the sectors affected in the event of war.

    For his part, advised the Chairman of the Board of Directors' first Takaful Insurance Hussein porter investors to wait in making any investment decision currently in Iraq, where the vision is clear and there was no political safety and investment prices displayed either in buying or selling unclear and inaccurate.

    He added: the current period is the period of the spread of rumors and blurred vision, which is reflected directly to any investor, especially the political conditions in Iraq and the region closer to the methods of extermination of the renamed war so must the investor patience and not expect results at this time.

    As for the trend of insurance companies in insurance coverage for some regions, especially after the political turmoil in the region, said Chairman of the Board of the company first Takaful insurance that most companies have become wary of insurance coverage for some of the troubled areas in order to avoid dangerous high potential of these coverages.

    He said the porter that the company has a document issued by the assistance while traveling to many countries and to exclude other high margin of risk and the lack of stability which Afghanistan, Iraq, Cuba, the Democratic Republic of Congo.

    Great challenges

    For his part, pointed Acting Director General of the Wethaq Takaful Insurance sincere Ataiwala that the challenges facing the airlines to find ways free of conflicts, especially between Asia and Europe, a large, companies are airline operates according to plans workflow and approvals by the International Civil Aviation Organization.

    He pointed out that insurance companies adhere to regulations and guidelines written determined by reinsurance companies, especially Btaminac travel, stressing that even today have been identified all of Syria, Libya and Iran, all areas outside of insurance coverage, while the rest of the country, it can be covered and there is nothing to prevent the travel insurance for those areas or even modify the terms of this insurance or modify their prices.


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