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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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    Makiya: We are working to establish the elements of an attractive and ideal environment for investme

    Rocky
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    Makiya: We are working to establish the elements of an attractive and ideal environment for investme Empty Makiya: We are working to establish the elements of an attractive and ideal environment for investme

    Post by Rocky Fri 11 Aug 2023, 4:39 am

    Makiya: We are working to establish the elements of an attractive and ideal environment for investment in Iraq 

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    Economy News - Baghdad
    The head of the National Investment Commission, Haider Muhammad Makiya, stressed today, Thursday, the need to speed up procedures related to obtaining approvals for investment projects.
    And the authority stated in a statement, that "the head of the National Investment Commission, Haider Muhammad Makiya, chaired a meeting in the presence of the Director General of the Single Window and Investor Services Department in the authority, Zuhair Shaker, and the participation of representatives and authorized persons of the sectoral authorities in the investment and window departments in ministries and other institutions."
    The statement added, "Makiya discussed the procedures for activating the powers of representatives of the departments and departments of the single window and investor services in ministries and government institutions."
    Makiya stressed the necessity of accelerating the procedures related to obtaining approvals for investment projects and simplifying them for companies and investors in accordance with the ruling laws. The legal framework governing the administrative path and the fundamental contexts for obtaining approvals within the specified time periods, as stated in Article (20 / Second A) of the amended Investment Law No. (13) of 2006.
    And he indicated that “Article (20) is clear and stipulates that the National Investment Commission, through the single window, shall approach the sectoral authorities through their authorized representatives regarding obtaining their approval on the investment project, and those authorities must issue their decision of approval or rejection or a request for amendment within a period of (15) days from the date Notify it, and the representative of the government agencies is obligated to obtain the answer during that period, and the failure to respond from the authority from which the opinion is requested during the above period is considered approval, and in the event of refusal, it must be reasoned.
    And the Chairman of the Commission continued, "Investment is a vital tributary for financing the budgets of developed countries, and we are working to establish the elements of an attractive and ideal environment for investment in Iraq through facilitated procedures in accordance with modern and automated systems and initiating strategic steps towards vital projects in various sectors at the level of the capital, Baghdad, and all governorates."


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