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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


    More than $50 billion "escaped" from Iraq in 10 years

    Rocky
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    More than $50 billion "escaped" from Iraq in 10 years Empty More than $50 billion "escaped" from Iraq in 10 years

    Post by Rocky Sat 10 Aug 2024, 4:22 am

    [size=35][size=35]More than $50 billion "escaped" from Iraq in 10 years[/size]
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    economy

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    2024-08-10 | 02:00
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    Alsumaria News - Economy

    Statistical data revealed that Iraq lost or “fleeed” more than $50 billion of investment companies’ money during the past ten years, including $5 billion last year, due to weak investor confidence and lack of insurance on their money.


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    Economic researcher Munar Al-Obaidi quoted the latest report of the United Nations Development Program on foreign direct investment, stating that "more than 5 billion US dollars in foreign investments left Iraq in 2023, and from 2013 to 2023, Iraq lost foreign investments worth more than 52 billion US dollars."



    While he pointed out that foreign investments are of great importance to countries in stimulating economic growth, job opportunities and knowledge transfer, the main reason for the exit of these investments from Iraq is the deteriorating business environment and the lack of clear laws to protect foreign investor funds. Al

    -Obaidi cited these figures and their exit as evidence that private sector support programs are just empty slogans and that the comprehensive and socialist idea is prevalent in the thinking of most government institutions and the weakness of the goals set for investment bodies in the governorates, which focused mainly on local real estate investments without focusing on investments in the field of energy, infrastructure and productivity projects.
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