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Investment

Iraqi Industry Minister Mohammad al-Daraji stated that Iraq shall open doors for foreign private sector to invest in 30 Iraqi firms owned by the state. The country has also invited Lebanon to take benefits from this.
In Iraq, a complex jurisdiction continues, and this is the case from a tax perspective, as the legislative framework and approach of the tax authority continue to evolve.
Iraq’s economy minister stated that economic growth and job creation crucial to maintaining stability within the nation. The UAE will invest in post-war Iraq and Yemen in an effort to stabilise the two war-torn countries through economic growth and job creation, Sultan Bin Saeed Al Mansouri, UAE Minister of Economy.
A senior government official said that Bahraini businesses are investing millions of dinars in Iraq to support its conflict-hit economy. Bahrain's Ambassador to Iraq Salah Al Malki told that hotels, furnished apartments and other services for pilgrims visiting religious sites in Najaf and Karbala are the main focus of this investment.
Swedish ambassador in Iraq to Jurgen Ndstrom arrived in Najaf today.
Iraqi businessmen positively evaluate the opportunities for investment cooperation with Belarus, President of the Iraqi Chambers of Commerce and Industry Jaafar Al-Hamdani told journalists on 23 January, BelTA has learned.
Iraq’s Prime Minister, Haider al-Abadi said, "Turkish companies have been proactive in working in Iraq, calling on Turkish businessmen to participate strongly in the Iraqi market."
Karbala Investment Commission charged some ministries and governmental departments of obstructing the process of investment in the province, including not handing the lands to the investors.
Economic Information Center of Iraq expected that the Iraqi-Saudi economic relations after Jeddah Conference will improve relations between the two countries.
Iraq's central Al Diwaniyah governorate intends to invite foreign investors to construct a new civilian airport after it received approval from the central government in Baghdad.
Minister of Foreign Affairs Mr. Hoshyar Zebari received today August 23, 2014, in the headquarters of the Ministry of Foreign Affairs, Mr. Vladimir McKay Minister of Foreign Affairs of the Republic of Belarus.
For years, the rich oil states of the Gulf have struggled to insulate themselves from political turbulence in the rest of their volatile region. Markets’ reaction to the insurgency in Iraq suggests they may finally have succeeded.
U.A.E. economic officials have urged U.A.E. businesses and investors to tap what they described as the 'very promising markets' of Iraq's Kurdistan Region which serves as a gateway for their products and services to all Iraq, citing energy, agriculture, tourism infrastructure, industry, health and education as the major targeted sectors of the Iraqi region.
A unit of Dubai Investments is in advanced talks to set up business parks along the same lines as its Dubai Investment Park in Libya and Iraq.
An impassioned plea has been issued by Iraqi housing minister to the UAE based investors to help in solving the housing problems in Iraq. Around 5 billion USD is the total government budget for the next three year for building numerous houses in Iraq in order to provide security and better living standards to the house owners.
Grant for Visa for a year for all foreign investors has been ratified by the local authorities of Najaf province.
The southern Province of Missan has turned to Iran for the execution of scores of strategic projects to improve conditions and the quality of public utilities.
The Kurdish Chamber of Commerce has hosted a reception ceremony in Erbil for welcoming a large British trade delegation, headed by Baroness Emma Nicholson, Executive Chairman of the Iraq Britain Business Council.
The oil supply deal between Turkey and Iraqi Kurdistan has yet to be finalized as Ankara wants Baghdad’s consent over this deal. This has been revealed by the foreign ministry of Turkey on last Saturday.
Iraqi prime minister, Nuri al-Maliki called the British companies to invest in Iraq. According to him, prospect in different of Iraq is high right now and his government will welcome any sorts of possible investments within the country.
Light, sweet crude for December delivery rose 83 cents, or 0.9%, to $98.68 a barrel on the New York Mercantile Exchange. The U.S. contract known as West Texas Intermediate, or WTI, settled at its highest level since Oct. 21. The upward move comes after U.S. futures lost more than 3% last week.
So far, the world has experienced the aggressive business policies of China. Well, Brazilians are not lagging far behind as they have come across the all four corners of the world and even in Iraqi Kurdistan. A case in point is the São Paulo state native Marcelo Viana, the marketing manager for Iridium Solutions, an information technology company based in Erbil, the capital of the autonomous region in Northern Iraq.
The Secretariat General of the Council of Ministers has declared that the investment in the country is continually escalating where the Investment National Commission has (134) investment projects but only few of them are implemented.
Member of the parliamentary Economic Committee Hussein Al Mura’aby said that passing a law exempting foreign companies from taxes and fees will definitely help to magnetize the foreign players in Iraq. This will also benefit the local economy as well. He is hopeful that in near future several foreign companies will queue for the Iraqi projects.
Baghdad province called upon French companies on Tuesday July 23, to undertake investment projects while asking France to collaborate with the Baghdad province to rebuild and boost the economy.
Iraqi government said that the Russian company Lukoil is planning to double its investments in Iraq in the extraction and petrochemical industries field in Iraq.
In recent studies, it has been revealed that the contrast between the real life and the business is extreme in the country. In a way this was expected in the country as it has been a saga of continuous disputes and war situations, which have driven the country towards utter misery. The infrastructure within the country has been collapsed very severely. This is the reason that Iraqi citizen are facing hard time within the country, suffering from the scarcity of electricity, security and joblessness. Though,
Northern Gulf Partners Bartle Bull discusses investing in Iraq with Sara Eisen on Bloomberg Television's "Market Makers."
Tourist grants will be provided by Kurdistan regional government to the investors in the tourism of the region, as announced by the KRG. This will be a definite help for the entrepreneurs in that region, who are looking forward to set up their own business in the region, gaining the tourism opportunity of the region.
French company, specialized in the management of energy producing installations, Technip has received a ‘significant contract’ in the second phase of oil refinery project in the Iraqi province of Karbala. Iraq’s desire for foreign investments in its oil sector has opened up doors of opportunity for many countries and many companies from different parts of the globe.
U.K. oil major BP PLC (BP) has revealed its plan to increase the oil production in the Rumaila oilfield, the largest in Iraq, by 750,000 barrels per day by 2017. The company has also an aim to increase its spending in the country to $5 billion a year from the current $2.6 billion by
2.85 billon dollars have been allocated by the oil major BP for developing the Rumaila oilfield in Iraq, for the year of 2013.
Recently, Italian companies have shown their willingness of joining the Iraqi market and they expressed their keenness to get into the partnerships with companies of the Housing and Construction Ministry.
The parliament Economic and Investment Committee discussed including Iraq in New York Agreement for 1958.
UAE business houses are keen to find some openings in the market of Iraq and Kurdistan to invest. In order to aid the investors of the UAE, two-day ‘TradeUAE’ event jointly hosted in Erbil recently by the UAE Ministry of Foreign Trade as well as the Department of Economic Development (DED) in Dubai, Dubai Exports and Dubai FDI, in collaboration with the Ministry of Economy and Abu Dhabi Department of Economic Development, has been arranged.
The UAE Emaar Properties Company has received great opportunity for investment, estimated by three billions to establish touristic project in Dokan district in north of Iraq.
The General Authority for Free Zones associated to the Ministry of Finance announced that a number of investment contracts have been made in the Free Zone of Khor al-Zubair.
Boris Boluon, the French ambassador to Iraq has remarked that his country is keen to invest in Iraq, especially in electricity sector, activating cultural exchanges with the country.
Sami Al Araji, the head of postwar reconstruction program in Iraq visited to Korea in this January to encourage Korean companies to invest in Iraq. Iraq is planning to invest around 900 billion dollars for reconstruction projects in Iraq, including 45 billion dollars for the transportation department of Iraq.
Three investment licenses are granted by the Investment Commission in Karbala province to allow three major projects to take place in the province. Ahmed Mahel al-Maliki, the deputy chairman of the Investment Commission stated that the commission has contracted with a few local and foreign
It is announced by the Bloom Properties of Abu Dhabi that a deal is going to be made for a huge development in Iraq, along with the banks of Lake Razaza in Karbala.
An announcement has been made by the Commission General of the Free Zones within the Ministry of Finance, regarding signing a contract with an investment company in Khur al-Zubair in Basra province.
Recently, British and Spanish companies have shown their interests in investment Iraq and to take part in the construction sector of Iraq.
Ibrahim al-Jaafary, the head of the Iraqi National Alliance, concerned with some key development features of the Basra province, including the investment and service sectors of this province.
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