[size=30]5 million unemployed in Iraq who are absent from the list of attracting investments.. A country that is among the worst 5 countries in the business environment
2022-10-27
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Yes Iraq: Baghdad
Iraq, which contains nearly 5 million workers and the unemployed, is among the worst 5 countries in the business environment, according to a global index issued by the British Economist Intelligence Unit, which indicates the country's economic outlook for five years, at a time when Iraq is absent from the list of the top 10 Arab countries. Attractive for investments.
According to a report issued by the company, it clarified that “the rating measures the attractiveness of the business environment in 82 countries on a quarterly basis using a standard analytical framework with 91 indicators, noting that” its ratings for the fourth quarter of 2022 show that Western Europe and North America are still the best places to do business in the world. Asia is in third place, slightly ahead of Eastern Europe, while the Middle East and Africa are slightly ahead of Latin America.”
She explained that "Iraq came during the period from the last quarter of 2019 to the same period of this year among the five countries that occupy the bottom classification in the global business environment, as it came fourth after Syria first, Yemen second and Libya third, while Lebanon came fifth after Iraq."
She added that "the low centers of the Middle East and Africa are still under the weight of poor governance and rampant insecurity in many parts of the region, including the contagion of conflicts in Syria, Yemen and Libya, as well as political unrest in a number of countries such as Iraq and Lebanon."
And she considered that "Singapore will remain the best place for business in the world over the next five years, according to the unit's business environment rankings for the fourth quarter of 2022, while Canada and the United States ranked second and third, respectively, while Western Europe retained its position within the first 20 positions."
She pointed out that "the greatest improvement during the past three years and prior to the turmoil caused by the Corona pandemic and the war in Ukraine was in the business environment in Greece, Qatar, the United States and the Emirates, and the worst cases were in Latin America in addition to Russia and Ukraine."
In a statistic issued months ago, Iraq was completely absent from the list of the top 10 Arab countries that attract investments, as the Arab countries provided many incentives to attract more foreign capital in an attempt to strengthen their economies and enhance the role of foreign investments.
The UAE topped the list of Arab countries attracting foreign capital during 2021, followed by Saudi Arabia and Egypt, while Iraq was absent from the list of the 10 most attractive Arab countries for foreign investment.
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