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Investment Law does not meet the ambitious repellent and red tape for businesses
Monday, 10/19/2015 0:36
Baghdad news / Abdul Ghani Qahtan Saidi
stressed economic analyst Mohsen al-Zaidi on that investment and environmental law investment in Iraq is responsive ambitious because of the weakness of the foundations on which mode of created investment law, which is attractive to the heads of foreign Iraq investment funds. "Said Zaidi said in a statement singled out by the (Baghdad news), on Sunday, that "Iraq late in private investment laws legislation through delay in pace with the times and the needs of the investment companies of the simple laws so that the investments are made by them protection." He added, in Iraq the subject of investments is one of the threads endangered because of administrative corruption and financial and thus affect the investment companies operating in Iraq and entrusted to very large sums of money, as well as the complex laws that are inconsistent between the circle and the other which works to disrupt the implementation of investment projects in Iraq, either in the developed world are the work of a special window to invest through which the follow-up treatment of the investor and be in place Only one and topics arranged in a large, but does not need an investor to review several departments to complete its work in order to obtain an investment opportunity. "He noted that" in some cases, the investor ends his treatment procedures and legally and then find a piece of land which is due to the project is the establishment of investment by inhabited of bypassing can not get them out, and all of these issues impacted heavily on investment in Iraq, so we find that the project Basmaja not an investment but it is funding, as Korean companies received their money in advance and therefore these companies did not lose anything, so the topic of investment subject is very sensitive because the head money advantage as a coward afraid of corruption and the security situation deteriorating, as well as fear slack administrative ". and between, said that" now exists in Iraq, the investment did not meet the ambitious law and the evidence that there was no investment in Iraq could be listed on it's made a lot to the economy of Iraq, as well as provided services for citizens, absorbed something of unemployment, this does not exist in Iraq, as after the change process thirteen-year-old is supposed to Iraq to be full of investment and this Angda on the ground, as toNGED city or project was established investment, as all existing projects Off because of deteriorating security situation in Iraq and corruption administrative and financial rampant in Iraq. "among a coalition of state law by Salman al-Moussawi, said that" the investment law needs to be reviewed through the passages in order to build an advanced investment case in Iraq comparable to investment in the region. "Moussawi said in a statement singled out by the (Baghdad news) Sunday, that "the side applied to the investment law has a large defect, either in the legislative side, the Economic Commission parliamentary demanded the involvement of the private sector in investment and through more than once of claims, and these claims are through correspondence with the National Investment Commission, and now we find that the rate of participation of the private sector to invest not fit with the participation of public sector Balastosmarobaltala the control of the Investment Authority are the public sector. "He added," The investment law on the development of investment in terms of the private local and foreign companies sector, on the other hand, the side applied to the investment law in which a lot of bugs, for example, when the National Investment Commission to grant licenses Astosmarbhdod 500 vacation or more what dish which does not exceed 10% and the rest is mere ink on paper, and this in itself is a great imbalance is directed towards investment. "He noted, that" the government support the entry of local and international companies in the investments to provide imports to Iraq, such as what exists in the countries of the region, including the United Arab Emirates through the activation of starters payment on credit, also not forget that this year's budget with a large deficit and that will continue the deficit within the budget next year as well as the presence of a drop in oil prices and therefore must find other sources of income-generating solve the economic problems suffered by the Iraqi economy. "
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Monday, 10/19/2015 0:36
Baghdad news / Abdul Ghani Qahtan Saidi
stressed economic analyst Mohsen al-Zaidi on that investment and environmental law investment in Iraq is responsive ambitious because of the weakness of the foundations on which mode of created investment law, which is attractive to the heads of foreign Iraq investment funds. "Said Zaidi said in a statement singled out by the (Baghdad news), on Sunday, that "Iraq late in private investment laws legislation through delay in pace with the times and the needs of the investment companies of the simple laws so that the investments are made by them protection." He added, in Iraq the subject of investments is one of the threads endangered because of administrative corruption and financial and thus affect the investment companies operating in Iraq and entrusted to very large sums of money, as well as the complex laws that are inconsistent between the circle and the other which works to disrupt the implementation of investment projects in Iraq, either in the developed world are the work of a special window to invest through which the follow-up treatment of the investor and be in place Only one and topics arranged in a large, but does not need an investor to review several departments to complete its work in order to obtain an investment opportunity. "He noted that" in some cases, the investor ends his treatment procedures and legally and then find a piece of land which is due to the project is the establishment of investment by inhabited of bypassing can not get them out, and all of these issues impacted heavily on investment in Iraq, so we find that the project Basmaja not an investment but it is funding, as Korean companies received their money in advance and therefore these companies did not lose anything, so the topic of investment subject is very sensitive because the head money advantage as a coward afraid of corruption and the security situation deteriorating, as well as fear slack administrative ". and between, said that" now exists in Iraq, the investment did not meet the ambitious law and the evidence that there was no investment in Iraq could be listed on it's made a lot to the economy of Iraq, as well as provided services for citizens, absorbed something of unemployment, this does not exist in Iraq, as after the change process thirteen-year-old is supposed to Iraq to be full of investment and this Angda on the ground, as toNGED city or project was established investment, as all existing projects Off because of deteriorating security situation in Iraq and corruption administrative and financial rampant in Iraq. "among a coalition of state law by Salman al-Moussawi, said that" the investment law needs to be reviewed through the passages in order to build an advanced investment case in Iraq comparable to investment in the region. "Moussawi said in a statement singled out by the (Baghdad news) Sunday, that "the side applied to the investment law has a large defect, either in the legislative side, the Economic Commission parliamentary demanded the involvement of the private sector in investment and through more than once of claims, and these claims are through correspondence with the National Investment Commission, and now we find that the rate of participation of the private sector to invest not fit with the participation of public sector Balastosmarobaltala the control of the Investment Authority are the public sector. "He added," The investment law on the development of investment in terms of the private local and foreign companies sector, on the other hand, the side applied to the investment law in which a lot of bugs, for example, when the National Investment Commission to grant licenses Astosmarbhdod 500 vacation or more what dish which does not exceed 10% and the rest is mere ink on paper, and this in itself is a great imbalance is directed towards investment. "He noted, that" the government support the entry of local and international companies in the investments to provide imports to Iraq, such as what exists in the countries of the region, including the United Arab Emirates through the activation of starters payment on credit, also not forget that this year's budget with a large deficit and that will continue the deficit within the budget next year as well as the presence of a drop in oil prices and therefore must find other sources of income-generating solve the economic problems suffered by the Iraqi economy. "
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