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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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    The flow of foreign investment in Iraq has declined by 25 billion dollars in five years

    Rocky
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    The flow of foreign investment in Iraq has declined by 25 billion dollars in five years Empty The flow of foreign investment in Iraq has declined by 25 billion dollars in five years

    Post by Rocky Sat 04 Mar 2023, 4:57 am


    The flow of foreign investment in Iraq has declined by 25 billion dollars in five years



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    2023-03-04 00:58
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    Shafaq News/ Foreign investment flows in Iraq have declined by about 25 billion dollars in five years, while the investments of three countries, including two neighboring countries to Iraq, amounted to about 200 billion dollars.
    The head of the Future Iraq Foundation concerned with economic affairs, Manar Al-Obaidi, said in a report he prepared in this regard, which was received by Shafaq News Agency, that "during the past five years, the flow of Iraqi foreign investments amounted to -25 billion US dollars, which means that the volume of foreign money entered was much less than Those that came out as a result of the poor investment environment and the inability to attract foreign investments in various sectors.



    He added that the volume of foreign investments entering three countries, which included (Turkey, the Emirates, and Saudi Arabia) was about 200 billion dollars, noting that the volume of foreign investments entering a group of African countries was considered one of the poorest countries, about 34 billion dollars, led by Ethiopia, which was able to Attracting investments worth $20 billion. 
    Al-Obaidi pointed out that "the main obstacle to foreign investment in Iraq is the weak business environment that repels investment and the weakness of the investment system that does not have a clear vision of the goals of foreign investment in Iraq," stressing that "foreign investment is the only solution available to the Iraqi state to face crises and challenges, as it represents An important source for building an internal economic system.
    Al-Obaidi stressed the need for "government investment to work on developing strategies that depend on increasing foreign investment and investing in sectors other than oil to increase their contribution to the gross domestic product and focus on investments that provide job opportunities," stressing that "continuing the methodology of granting investments without calibrating them with the investment objectives will lead to To the loss of the importance of investment and its transformation into a law aimed at zeroing taxes and customs on the investor only, as is the case now.




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