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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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    Major international companies belonging to "warned" to work in Iraq

    Rocky
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    • Post n°1

    Major international companies belonging to "warned" to work in Iraq Empty Major international companies belonging to "warned" to work in Iraq

    Post by Rocky Thu 18 Aug 2016, 2:30 am

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    Major international companies belonging to "warned" to work in Iraq


     Baghdad / term 

    US newspaper universally known, on Wednesday confirmed that the major global investment companies have begun to return "cautious" for Iraq and agreeing with him again on the implementation of projects worth billions of dollars, attributed to the successive victories of the Iraqi security forces (Daesh), especially in Anbar, and the state "relative stability" taking place, as well as receiving a loan from the international Monetary Fund to strengthen its economy. 


    the Wall Street Journal the Wall Street Journal the US, in a report yesterday, I followed the "long" that "some international companies have begun to return to invest in Iraq , but cautiously encouraged by the status achieved relative stability after the expulsion of militants Daesh from Anbar, Fallujah, and for Iraq 's financial base of the IMF and World Bank to improve the economic situation. " 
    According to the Wall Street Journal that" stringent protests , which came out against corruption earlier in thecurrent 2016, contributed to the restore some stability to the parliament, with the features of recovery in afragile economy , which weakened by the sharp decline in oil prices. " 
    The newspaper quoted a financial advisor to the President of the Iraqi government, the appearance ofMohammed Saleh, as saying that" the major investment companies returned interesting Iraq again since managed to Iraqi forces from defeat al Daesh and to reduce its presence in the country, expelled from Fallujah and Ramadi, "returned to" everything changed after the liberation of Fallujah and Ramadi. " 
    she said the Wall Street Journal , that" the general company Alictrk General American Electric , which had been working in Iraq for years, occurred during January last, the contracts worth billion dollars to develop theinfrastructure of the system of the Iraqi electrical power, in its biggest deal with Iraq since 2008 , "indicating that" the company continues to see economic growth opportunities going on in Iraq. " the 
    newspaper pointed out , that" the international finance Corporation ( IFC ) of the World Bank , concluded in April 2016, a deal worth $ 375 million for Iraqi power generation company with the support of Lebanon 's Bank Audi to invest, in the first investment opportunity for major bank in Iraq. " 
    said IFC Director for the Middle East Foundation and North Africa supporter Makhlouf , according to the Wall Street Journal , that "deal a sign of support for the growing IFC for Iraq during the 12 months to June 2016, which was accompanied by an increase of investor interest in the region towards Iraq." 
    felt the newspaper, that "other indicators that some companies began to haggle over the growing tourism sector in Iraq who can benefit from it, including the Wyndham hotel Group , the US company for tourist hotels, which announced plans to open two new hotels of its hotels chain in the holy city of Najaf , frequented by millions of visitors to perform religious visits decrees, by 2018. " 
    quoted the Wall Street Journal , the head of Wyndham company, as saying that "Iraq is witnessing a new and accelerated investment opportunities are looking to take advantage of them and complete the hotels that will take time until it opened to add to the list of hotels and regions included in the manuals travel guide." 
    attributed the newspaper , "optimism" investment on employment opportunities in Iraq companies, to " theapproval of the international Monetary Fund, through July 2016, to lend to Iraq five billion and 300 million dollars to support the economy affected by the fall in oil prices, and bridging the deficit of the budget", usually that " it helps in the recovery of investor confidence in Iraq." 
    on the other hand the Bank expects international that increasing oil production rates with economic reforms and an end to the threat of Daesh in the country, the economic growth rate in the country will increase by 7%. 
    Meanwhile, the head of the investment in the United Nations orientations information, Street Solstrarova, according to the Wall Street predicted that "increases direct investment to foreign companies rate in Iraq, in particular oil, by 20 percent during the current 2016, or the equivalent of four billion dollars. " 
    the paper disclosed, according to Iraqi officials, about" do both Exxon Mobil and American Petrojayna Chinese, to discuss with Iraq to resume investment in the oil fields south of the country and help enhance their production rates. " 
    the Finance Minister, Hoshyar Zebari, announced in (19 May 2016) to reach an agreement with the World Bank Fund for a loan worth $ 5.4 billion, while the loan will allow secure additional financial aid amounting about $ 15 billion over the next three years, confirmed the Governor of the Central Bank of Iraq, on theKeywords that the annual interest rate of the loan is up to 1.5 percent. 
    it was the financial advisor to the prime minister, the appearance of Mohammed Saleh, revealed in (27 May 2016) for Iraq for a "financial umbrella" international convergence of twenty billion dollars, as a result of itsagreement with the international Monetary Fund.
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