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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

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    Investors and Iraq projects.. Enrichment at the expense of public money

    Rocky
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    • Post n°1

    Investors and Iraq projects.. Enrichment at the expense of public money Empty Investors and Iraq projects.. Enrichment at the expense of public money

    Post by Rocky Sun 31 Jul 2022, 7:19 am

    [size=35][size=35]Investors and Iraq projects.. Enrichment at the expense of public money[/size]
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    Economie

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    2022-07-31 | 06:30
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    With every economic crisis that Iraq witnesses, the country's decision-making circles re-talk about the necessity of correcting the general economic situation, and attracting foreign and local investments in order to start reconstruction and provide job opportunities for young people.


    However, the Iraqis realize every time that these calls are hardly implemented on the ground, due to the conflict of some laws that give large percentages to investors and reserve the revenues of the project for them in advance.

    In this regard, the Federal Office of Financial Supervision stressed the need to limit granting concessions to investors, as it stressed that the system of selling and renting real estate and state lands and the public sector has become enriching the investor at the expense of public money, and that some of the paragraphs used in it violate the provisions of the Investment Law.






    The bureau was not satisfied with noting this violation regarding the investors, but also went to ask the [url=https://www.alsumaria.tv/Entity/2523160858/%D9%85%D8%AC%D9%84%D8%B3 %D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1/ar/]Council of Ministers[/url] to amend the paragraph related to them, that the land offered for investment be in exchange for an allowance.

    In addition, economists stressed that "it has become a necessity for the economy to regulate the work of some investors, limit them, and draw up a mechanism for their work, not granting them privileges of up to 10% in the project."
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