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KRG to Streamline procedure for Company Registration 14th April 2022 - Iraq Business News By John Lee. The Council of Ministers of the Kurdistan Regional Government (KRG) has approved a draft bill concerning company registration. According to a statement from the KRG, the bill aims to streamline and simplify the process of registering new companies, with the aim of reducing bureaucracy and encouraging investment. (Source: KRG) Link: https://www.iraq-businessnews.com/2022/04/14/krg-to-streamline-procedure-for-company-registration/- 14 replies
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A Japanese company (Toyota) and an American company (General Motors) decided to have a canoe race on the Missouri River. Both teams practiced long and hard to reach their peak performance before the race. On the big day, the Japanese won by a mile . The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat.. A management team made up of senior management was formed to investigate and recommend appropriate action. Their conclusion was the Japanese had 8 people paddling and 1 person steering, while the American team had 7 people steering and 2 people paddling. Feeling a deeper study was in order, American management hired a consulting company and paid them a large amount of money for a second opinion. They advised, of course, that too many people were steering the boat, while not enough people were paddling. Not sure of how to utilize that information, but wanting to prevent another loss to the Japanese, the paddling team's management structure was totally reorganized to 4 steering supervisors, 2 area steering superintendents and 1 assistant superintendent steering manager. They also implemented a new performance system that would give the 2 people paddling the boat greater incentive to work harder. It was called the 'Rowing Team Quality First Program,' with meetings, dinners and free pens for the paddlers. There was discussion of getting new paddles, canoes and other equipment, extra vacation days for practices, and bonuses. The pension program was trimmed to 'equal the competition' and some of the resultant savings were channelled into morale boosting programs and teamwork posters. The next year the Japanese won by two miles. Humiliated, the American management laid off one paddler, halted development of a new canoe, sold all the paddles, and cancelled all capital investments for new equipment. The money saved was distributed to the Senior Executives as bonuses. The next year, try as he might, the lone designated paddler was unable to even finish the race (having no paddles), so he was laid off for unacceptable performance, all canoe equipment was sold and the next year's racing team was out-sourced to India. Sadly, the End. Here's something else to think about: GM has spent the last thirty years moving all its factories out of the US, claiming they can't make money paying American wages. TOYOTA has spent the last thirty years building more than a dozen plants inside the US. The last quarter's results: TOYOTA makes 4 billion in profits while GM rack s up 9 billion in losses. GM folks are still scratching their heads, and collecting bonuses. IF THIS WEREN'T SO TRUE, IT MIGHT BE FUNNY!!!
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Greetings Friends, Here is some good news that Iraq is serious about gearing up to be a World player! Dubai-based MAG Container Lines (MCL), a division of the multinational MAG Group, has added three new automated vessels to its existing fleet on the UAE-Iraq route. According to the report from TradeArabia, the addition of the Al Hussein, MAG Bride (pictured) and MAG Pearl boosts the company’s potential capacity on the route by 60 percent. A total of $6 million was invested in the IAX-class vessels, which have an individual cargo capacity of 301 TEUs, or 3,549 metric tonnes, with all three ships already operational. The company first began operations in 2005 as a pioneer liner from Khalid Port in Sharjah to the high profile private port Abu-Fulus [Abu Fallous], located 25 kilometres south of Basra.
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Greetings, I was reading my Iraqi news today and have good cause to feel the RV will be mid 2014 if not earlier: Thamir Ghadhban (pictured), chairman of the advisory commission to Iraq’s Council of Ministers, has said that he expects a robust return to growth next year as foreign companies push output from the southern oilfields to new records. Output is expected to rise by at least 500,000 barrels per day to an average of 3.5 million bpd, as the Majnoon, Garraf and Halfaya oilfields ramp up, and the Badra field comes on line. Production this year is likely to average more than 3 million bpd, slightly up on 2012, but by the end of the year rates are likely to reach a level of 3.5 million bpd, added the former oil minister. Have a Great Day, BradyBear
