Thread: Iraq/Dinar News. 09/05 to 01/14/07

Gee, if I was a bookie, I could do some good business here, LMAO!!

Baghdad, Haider Al-Rubaie
The expert financial and economic Kazim Ali Abdullah on the need to deepen the debate on the law of investment Iraqi and foreign proposed by economists to determine the technical opinion appropriately before submitting it to the stages of the legislation different to be an opportunity for legislators to be aware of the economic benefits of investment, . It also gives an opportunity to determine whether the proposed texts are already contributing in stimulating investment or that there are other provisions calling for the amendment suggested cancellation.


He emphasized the importance of reforms (banking) dramatically to be able to provide financial assistance to the investor Iraqi or foreign, especially in the investment law of Iraqi and foreign was passed by the House of Representatives. . Referring to the need to grant investors tax reductions or exemptions aimed at attracting the largest possible number of capital investment in vital projects in Iraq. Abdullah said during the meeting that interview with the (morning) could be a positive factor in the tax system to encourage national and foreign investment in accordance with the vision to the decision.

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Hey just found this article it is old but says nothing about Kurdistan only. Any comments?

Iraq cabinet passes foreign investment law
Posted: Thursday, July 20, 2006

Baghdad

Iraq's cabinet passed the country's first postwar law to regulate foreign investment, hoping it will attract badly needed cash to revive the country's shattered economy.

But the legislation, which also requires parliamentary approval, does not cover investment in upstream oil production and exploration.

The law gives Iraqi and foreign investors equal shares in investment projects, except in land ownership.

It allows investors to move money in and out of Iraq with few obstacles, according to a draft obtained by Reuters, and also requires that at least 50 per cent of the employees in a company should be Iraqis.

Iraq, which sits on the world's third largest oil reserves and is a major producer, had expected billions of dollars in foreign cash after an invasion toppled Saddam Hussein in 2003.

But instead of taking part in rebuilding projects, foreign companies have stayed away because of the relentless bombings, shootings and kidnappings.

The vast majority of foreign money has been poured into security for western companies, not reconstruction projects.

More from anyother source - lets stay positve and with august - things are moving quickly day by day and there are still 2 wks left. in this month - dont give up so easily. Watch the secret. Find the info on the IQD power peg forum and take the poll also.

During his tour to Arab Gulf countries, the Iraqi Prime Minister stated that the new foreign investment law will be discussed by the Cabinet next Tuesday and will be probably voted on by the Parliament by the end of August.

Accordingly, he called for the Arab businessmen to seize the investment opportunities in Iraq, especially in the oil, industry, agriculture, construction and services domains.

more

Iraq: Iraq cabinet passes foreign investment law
Posted on Thursday, July 20 @ 06:19:37 PDT
Topic: Iraq
Iraq's cabinet passed the country's first postwar law to regulate foreign investment, hoping it will attract badly needed cash to revive the country's shattered economy.

But the legislation, which also requires parliamentary approval, does not cover investment in upstream oil production and exploration.

The law gives Iraqi and foreign investors equal shares in investment projects, except in land ownership.

It allows investors to move money in and out of Iraq with few obstacles, according to a draft obtained by Reuters, and also requires that at least 50 per cent of the employees in a company should be Iraqis.

Iraq, which sits on the world's third largest oil reserves and is a major producer, had expected billions of dollars in foreign cash after an invasion toppled Saddam Hussein in 2003.

But instead of taking part in rebuilding projects, foreign companies have stayed away because of the relentless bombings, shootings and kidnappings.

The vast majority of foreign money has been poured into security for western companies, not reconstruction projects.

Posted by Lawk Salih

I know it is old but it is posotive and a reminder that we are moving in the right direction. And quickly i might add. HOLD on to your hats and go shopping for bigger wallets and purses. LOL

Hi,

Just been checking the news and there is an article on Alsabaah about the investment law. it would appear to have gone through the house of representatives. Rather than type it all out the link is ÌÑÃ*Ã�É ÇáÕÈÇÃ� click on economic on the left hand side and scroll down. Have a look and see what you think.

Hi,

Sorry I did this via google and it translates the page.

Hey abbey,
i posted that article this morning, post nr 5558

So... it's the 14th... are we rich yet, or have we got to wait a bit longer?

Well nej, i think we have to wait some more, because of the violence in badgad, but with more troops arriving it wont take much longer, and regarding the F.I.L i think it has been approved and they are just waiting to get better control over bagdad and then we will see a Reval with the F.I.L hand in hand being announced by our dear Maliki!