Iraq Wants $88 Billion For Rebuilding. Allies Offer A Fraction Of That !

[new york kevin]

Maybe if they stopped stealing most of the money they receive ... maybe they will get more money.

[bostonangler]

12 hours ago, DinarThug said:

Prime Minister Haidar al-Abadi promised

 

Promises, promises.... We don't need your stinking promises...  They are worthless, just like your currency... Time to stop talking and start doing, or you will find no one will invest and you will be back to living in tents... JMHO

 

B/A

[NEPatriotsFan1]

4 minutes ago, bostonangler said:

 

Promises, promises.... We don't need your stinking promises...  They are worthless, just like your currency... Time to stop talking and start doing, or you will find no one will invest and you will be back to living in tents... JMHO

 

B/A

Agreed Talk is cheap!!! And if Abadi doesn’t make substantial improvements in the lives of his people economically, he can kiss re election goodbye! 

[Synopsis]

9 hours ago, Wiljor said:

Evening Synopsis, a super evening out to you brother  

Yea, just venting off a little frustration, but I feel much better now  and, hey, thanks for the medal count update bro, didn’t know Canada was doing ok. We are in high season down here and it’s work, 7 days a week. 

Always appreciate you input here and thanks for your positive attitude 

 

The Best Of Your Morning To You, Wiljor, AND I Trust Your High Season Is Well Worth The All The Effort!!! 

 

I hear You on the frustration. I just decided up front that is what this speculative investment will all be about until the event. Kinda like having a baby. I don't know for sure. Just guessing. 

 

Ah, it's all GOOD! The reasons for Iraq going international with the IQD is solid. When and How Much? Well, that is entirely another matter! 

 

Sure is LOOKIN' GOOD, though! 

 

And, of course, GO CANADA!!! 

 

AND, without a doubt, GO TEAM USA - YEAH!!!  

 

Well, OK, now.........................................

 

GO MOOLA NOVA (YEAH, BABY!!!)!!!

[Floridian]

9 hours ago, fnbplanet said:

Does anyone else think that Iraq NOT being "handed" $88 BILLION dollars might be a GOOD thing?  Giving them that much money would be like slipping an alcoholic a bottle of Jack for Christmas.

 

So, I have to imagine there's a "Plan B".  Now, where on earth would they find a way to obtain the wealth needed to import all the materials for a major face lift to their war torn cities?  What economic move could they make?   Hmmmmmmm.....

 

I really don't think they ever had a "Plan B".  I think they fully expected the world to hand them $100 Billion.  They have often spoken about a "Marshall Plan" like we did for Germany and Japan.  I think these A-holes are in total shock and are frozen in place without knowing what to do.

[The Englishman]

We want the world to stump up all this cash so we can rebuild our country, then once we have achieved this, we are going to have a massive political internal fallout and bomb the whole lot down again, rinse and repeat is almost guaranteed i tell yee.  

[DinarThug]

LINK

Turkey to provide $5 billion in credit for Iraqi reconstruction

 

14th February, 2018
Ankara will provide a credit facility of $5 billion to Iraq at a meeting on the country’s reconstruction, Turkish Foreign Minister Mevlüt Çavuşoğlu has stated.

“Declared Turkey will provide a credit facility of 5 billion USD to Iraq at the International Conference for Reconstruction of Iraq. As a neighbor, friend and reliable partner, we will always stand by our Iraqi brothers,” Çavuşoğlu said on his Twitter account on Feb. 14. 

“We will also provide project support of 50 million dollars to Iraq. Economic, social, cultural projects and aids by TIKA will continue as well,” he added.

Baghdad has said it needs nearly $90 billion to rebuild after a grisly war with the Islamic State of Iraq and the Levant (ISIL) militants which devastated homes, schools, hospitals and economic infrastructure, displacing millions of people.Governments from around the world on Feb. 14 pledged billions of dollars in loans and investment for the reconstruction of Iraq, a nation reeling from a three-year war against ISIL.

Iraq secured nearly $25 billion in the first few hours of the final day of an international donors’ conference in Kuwait City, which was still ongoing.The biggest pledge at the gathering in Kuwait thus came from Turkey at the meeting. Kuwait has said it will provide next-door Iraq with $1 billion in loans and another $1 billion in direct investments.      

Saudi Arabia has pledged $1.5 billion and Qatar has pledged $1 billion to help rebuild Iraq after the war with ISIL.Britain said it would grant Iraq export credit of up to $1 billion per year for a decade.The United States said on Feb. 13 that it was extending a $3 billion credit line but has not provided any direct government assistance.

The United Arab Emirates pledged $500 million while Germany pledged 350 million euros.The European Union’s foreign policy chief Federica Mogherini said the bloc would invest 400 million euros, in addition to individual contributions from member states.International NGOs have so far pledged $330 million in humanitarian assistance.

‘Whole world owes debt to Iraq’

U.N. chief Antonio Guterres on Feb. 14 sought to motivate donors, saying it was incumbent on the international community to back Iraq after its sacrifices against ISIL.

“The whole world owes you a debt for your struggle against the deadly global threat posed by Daesh (ISIL),” Guterres said, in comments directed at the Iraqi delegation, as quoted by AFP.  

“It is time to demonstrate our lasting gratitude and solidarity with the Iraqi people,” he said.

Guterres highlighted two key U.N.-backed initiatives, for which he was seeking support.     

“The U.N. Development Program’s Funding Facility for Stabilization is working in 25 cities and districts, supporting the return of displaced people to their homes,” the U.N. chief said, adding that 2.5 million remained displaced.

He also announced a new, two-year Recovery and Resilience Program.

“It aims to make immediate and tangible improvements to people’s daily lives, rather than the long timelines associated with major infrastructure projects and economic reforms,” he said.

[DinarThug]

It Looks Like The World Is Stepping It Up A Bit More Today On Rebuilding Iraq !  

 

     

 

 

 

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Britain pledges $ 1 billion a year to Iraq over 10 years

 

14th February, 2018
Britain pledged on Wednesday February 14, 2018, up to $ 1 billion a year to Iraq in the form of export credit for 10 years.

The contribution came on the sidelines of the International Conference on Iraq Reconstruction, hosted by Kuwait.

Germany has announced its intention to provide aid to Iraq worth 350 million euros in 2018, while the World Bank contributed 4.7 billion dollars and the Union 400 million euros, in addition to Kuwait, Saudi Arabia, Turkey and the UAE.

Iraq and Kuwait signed the agreement on the regional corridor of communications between the two countries on the sidelines of the International Conference on Iraq Reconstruction.

The agreement aims at linking the international cables between the East and the West through the Arabian Gulf, and from it to Kuwait and from there to Iraq and then Turkey as a substitute for the current communication line used by all countries of the world.

[DinarThug]

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Islamic Development Bank is offering 500 million dollars to fund Iraq's infrastructure

 14th February, 2018

The bank, the largest development organization in the Islamic world, is ready to finance Iraq's infrastructure by 500 million dollars, the head of the Islamic Development Bank (IDB) said on Wednesday .

Kuwait's donors and investors met this week to discuss efforts to rebuild Iraq's economy and infrastructure as it emerges from a devastating conflict with militants of the Islamic State Organization, which has taken over a third of the country's territory. 

For her part, EU High Representative for Foreign and Security Policy Federica Mujerini announced the EU's intention to allocate 400 million euros of its budget to support the reconstruction of Iraq .

In a speech at the opening session of the Kuwait International Conference on Iraq Reconstruction (ICICI), Mujerini said that the amount would be invested in providing the necessary assistance to the Iraqi people, pointing out that this amount will be taken from the EU budget .

[pokerplayer]

Surprising change of events today considering the last 2 days were a bust.

 

   pp

[DinarThug]

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Italy pledges € 260 million in soft loans to Iraq

 14th February, 2018

Giorgio Marabudi, director general of development cooperation in Italy, said Wednesday that his country would provide easy loans worth 260 million euros ($ 321 million) to Iraq, as well as grants of 6.5 million dollars and humanitarian aid of five million dollars.

Marabudi was speaking in Kuwait where donors and investors are meeting to discuss efforts to rebuild Iraq's economy and infrastructure after the war on the organization of the Islamic state, which at some point took control of about a third of the country's territory.

EU High Representative for Foreign and Security Policy Federica Mujerini announced the EU's intention to allocate 400 million euros of its budget to support reconstruction of Iraq .

In a speech at the opening session of the Kuwait International Conference on Iraq Reconstruction (ICII), Mujerini said the amount would be invested in providing the necessary assistance to the Iraqi people, pointing out that this amount will be taken from the EU budget and therefore does not include individual contributions from EU member states . 

[DinarThug]

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Countries participating in the Kuwait conference pledge 25 billion dollars for the reconstruction of Iraq

 14th February, 2018

The commitments of the countries participating in the Kuwait Conference for the Reconstruction of Iraq reached 25 billion dollars during the opening hours of the third and final day of the conference on Wednesday. The aid will be in the form of loans, credit facilities and investments to Iraq to rebuild homes, schools, hospitals and economic infrastructure destroyed by war, especially during the last three years during the battles against the "Islamic State".

 

A few hours after the opening of the third and final day of the Iraq Reconstruction Conference held in Kuwait , donor pledges reached about $ 25 billion, while Iraq hopes to get pledges of $ 88 billion at the end of the day.

The aid will be in the form of loans, credit facilities and investments to contribute to the reconstruction of this country, which is emerging from a devastating war with the organization of the "Islamic State" extremist continued for more than three years.

Billion dollars from Saudi Arabia and two billion from Kuwait

Turkey has said it will allocate $ 5 billion to Iraq in the form of loans and investments. Britain, which led the US invasion in 2003, said it would grant Iraq export credit facilities of up to $ 1 billion a year for 10 years.

As for Kuwait , which suffered an invasion of Iraq was carried out by the former regime in 1990, it has decided to allocate two billion dollars in the form of loans and investments, while Saudi Arabia has pledged one billion dollars for investment projects in Iraq and an additional $ 500 million to support Iraqi exports.

US $ 3 billion in loans

US Secretary of State Rex Tillerson announced Tuesday during a conference on the signing of an agreement between the US Trade Bank and Iraq to give Baghdad loans of about three billion dollars.

Baghdad announced it had "won" the organization of the "Islamic state" in December after Iraqi forces, backed by the Washington-led international coalition, restored large parts of the country that the extremist group seized in mid-2014.

In addition to the devastation caused by the war, the conflict has displaced millions, and there are still 2.6 million displaced people living in camps in various parts of the oil-rich country.

But Iraq, which has suffered financially in the last few years from the drop in oil prices, looks forward Wednesday to close this page of war and to start re-launching the economic wheel, opening its doors to foreign companies and investors.

Prior to the announcement by States of their contributions, UN Secretary-General Antonio Guterres called on the international community to provide "policy and resources" support.

"The world is indebted to you for your struggle against the global threat imposed by the Islamic state," he told Iraqis. "It is time to show our sincere gratitude and expression of solidarity with the Iraqi people."

For his part, the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah said that his country is aware of the "magnitude of the devastation" inflicted on Iraq by the war against the organization of the "Islamic State" and considered that reconstruction "an action that Iraq will not be able to address alone," calling on the international community to " Participate in this work and bear its consequences. "

EU Foreign Minister Federica Mugherini said the EU would provide $ 400 million in humanitarian aid, two days after non-governmental organizations pledged $ 330 million in aid on the first day of the conference.

Corruption and terrorism

As governments announce their contributions to the reconstruction project, Iraq, which has suffered in recent years from falling oil prices, seeks to reassure and attract private sector investors represented at the Kuwait meeting by more than 2,000 companies and businessmen.

"Iraq is open to investors," Sami al-Araji, head of the National Investment Authority, told representatives from the sector. "Baghdad is investing in most sectors, from agriculture to oil.

In his speech on Wednesday, Prime Minister Haider al-Abadi acknowledged the existence of corruption in the Iraqi state, but vowed to fight it as he fought "terrorism."

"We insist that our insistence on fighting corruption will create a successful environment under clear and transparent action and we will not stop fighting corruption, which is no less dangerous than terrorism, but one of the reasons for the emergence of terrorism," he said.

He also announced that in the past few weeks the government has launched "a package of measures to improve the investment environment in Iraq, will be reflected in the simplification of procedures for the work of investors."

Iraq ranks 166th out of 176 countries on the list of the most corrupt countries according to the latest list issued by Transparency International.

In a final statement following a meeting of its member states, the coalition said: "We must remain focused on Iraq and Syria to keep our gains."

[Floridian]

1 minute ago, pokerplayer said:

Surprising change of events today considering the last 2 days were a bust.

 

   pp

 

Indeed!  What could have happened overnight?

[DinarThug]

Whoop - There It Is !  

 

     

 

LINK

Oil: Iraq's reserves may double as a result of investment in the sector

 

 

14th February, 2018
Iraq currently has 145 billion barrels of proven reserves, but the investment in the sector will increase to 250 billion barrels, he said. Of the current supply reduction agreement.

Al-Allaibi said in a press statement that Iraq is fully committed to its share of production cuts, and any discussion in this regard must wait until next December, saying it is not concerned about current prices, describing it as normal fluctuations, as quoted by Al-Hayat newspaper.

He pointed out that Iraq intends to increase its oil production by 2.3 million barrels, bringing its daily production by 2020 to seven million barrels.

He added that Iraq currently has 145 billion barrels of proven reserves, but investment in the sector will increase this rate to 250 billion barrels, speaking of plans to build seven refineries by 2021.

[BIGCG]

I cant believe Iraq is getting a F'n penny from anyone at this point.... After 8 years being involved in this nonsense I am starting to think there was never any plan to add value to their currency.... or at least not at any time in the near future.....  MAYBE once Iraq has been rebuilt and is thriving as well as a somewhat stable country,which could be honestly another 10 years at the rate they move then and only then will they address their currency.... dont forget they are bringing in BILLIONS of USD every month from Oil sales 

[DinarThug]

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Kuwaiti Foreign Minister: US $ 30 billion in international commitments to rebuild Iraq

 

14th February, 2018

Kuwait's Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khalid Al-Hamad Al-Sabah said on Wednesday that investment and development pledges in Iraq reached 30 billion dollars.

The United Arab Emirates, Saudi Arabia and Kuwait have announced significant financial assistance to the international effort to rebuild Iraq, at a time when the country's war with the extremist "Daqash" organization is over.

Anwar Gargash, UAE Minister of Foreign Affairs, announced his country's support of 500 million dollars to contribute to the international effort to rebuild Iraq. Gargash said during his speech at the head of the UAE delegation to the Kuwait International Conference on Iraq Reconstruction 250 million US dollars through the Abu Dhabi Infrastructure Development Fund, 100 million dollars to support UAE companies in electricity sector projects in Iraq, 100 million dollars to support and stimulate UAE exports to Iraq, and 50 million dollars to support the UAE Red Crescent in its humanitarian efforts. And its charitable projects in areas most affected by intimidation.

The minister also referred to the efforts of the UAE private sector in the reconstruction of Iraq, headed by the $ 5 billion development of Al-Rasheed Camp, which provides job opportunities in addition to modern infrastructure in the Iraqi capital. In the development of the port of Umm Qasr, estimated at 500 million dollars and other projects from the private sector.

In turn, Saudi Arabia announced the provision of one billion dollars for reconstruction through the Saudi Development Fund, in addition to 500 million dollars to finance Saudi exports to Iraq.

The Amir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, said at the same conference that his country provided a one-billion-dollar loan to the Iraqi government and another $ 1 billion as a direct investment to help rebuild. The Amir added that there is cooperation from the international community and the World Bank to rebuild Iraq.

The conference is being held at a time when the Iraq war with the Da'ash organization is ending in the midst of the human and material losses caused by the war. Iraq is working to rebuild the conflict zones and establish development and humanitarian projects to care for the victims of war and rehabilitate the country's infrastructure.

[DinarThug]

Kuwait: $ 30 billion in total contributions from countries participating in Iraq reconstruction conference

 

 

KUWAIT CITY - The total contribution of the countries participating in the Iraq reconstruction conference in Kuwait has reached 30 billion dollars, the foreign ministry said.

Continued...

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[DinarThug]

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SIEMENS AIMS FOR ACTIVE ROLE IN REBUILDING WAR-TORN IRAQ

Siemens CEO Joe Kaeser, who's currently participating in a conference on rebuilding Iraq, has told DW the German technology giant will play a strong role in reconstruction through its expertise and long-standing ties.

14th February, 2018

The country has gone through massive turmoil and its people deserve peace, freedom and a better life. The government is setting the course for this by rigorously fighting terror and fostering economic growth through an ambitious reform program. Measures include accelerating reconstruction efforts, developing human capital and creating jobs.

The Iraqi government estimates the cost of reconstruction at around $88 billion (€71.1 billion), with $22 billion needed in the immediate short-term for emergency aid. Investments in housing and infrastructure are urgently needed. How can Siemens help?

Siemens is proud and we are grateful to be part of Iraq's future, just as we have been part of its past, while we never left, also not in the most difficult times. After more than eight decades of working on key infrastructure projects in Iraq together with our local partners, we are well-positioned to support the country's transition towards a stable and thriving economy.

However, we don't see our role restricted to being a technology partner, but one that also facilitates financing solutions for projects and contributes to local skills development through education and training. Iraq's young population, its improved stability and leadership, and its wealth in natural resources create a strong foundation on which to build a prosperous society and develop a great future for the country and its people.

There are reportedly 157 projects for which Iraq is looking for private investment. Can you tell us what kind of projects are we talking about and which ones are of particular interest to Siemens?

We recently signed a number of service contracts with the Iraqi Ministry of Electricity. The latest includes maintenance and upgrade services for seven power generating units inside four power plants, located in the areas of South Basra, Salah El Deen, Middle Region and Middle Euphrates. This project will enhance the reliability and efficiency of these units, helping them collectively generate more than 1,000 megawatts (MW) of power - 400 MW more than is being generated today - saving up to 10 percent in fuel consumption.

This is enough to supply approximately three million Iraqis with reliable electricity. Well, we can not only produce electrical power but can also transport and distribute them in a comprehensive way. There is no other company in the space which can do all aspects - power generation, transmission and distribution - out of one hand. This 'one-stop-shop' is very convenient and safe for our customers to get assurance for a job well done. However, Siemens can also support the country's development across different areas that are critical to sustainable economic growth. These include transportation, healthcare, building technologies and intelligent urban infrastructure.

The investment climate in Iraq is obviously less than ideal at the moment. German Development Minister Gerd Müller has already spoken in Kuwait of excessive red tape, opaque tendering processes and rampant corruption. Why have such issues not stopped you from getting involved in Iraq?

We have been partners to the Iraqi people for more than 80 years. We always stayed, never left and have become a trusted and reliable partner. We do help society and we make good on what we promise. Just as we did in Egypt with our mega-project, delivering three of the world's largest power plants of their kind in record time, we can do the same in Iraq. The Iraqi government and people can count on Siemens as a strong and reliable partner to support the country's development goals.

Siemens already agreed a comprehensive energy partnership with the Iraqi government in March 2016. How far down the road are those projects and to what extent can they be linked to the new ones?

We are very capable and experienced to bring reliable, affordable and sustainable power to every citizen of Iraq. This is the cornerstone of the country's social and economic development. Securing availability of electricity is probably Iraq's biggest challenge right now. We know the electricity grid is under tremendous stress, especially during the summer. With demand for electricity increasing rapidly every year, Iraq would need to boost the country's power generating capacity by 40 gigawatts (GW) by 2025. Therefore, a transformational approach is required, led by new projects that include fast and reliable power supply, technology upgrades as well as renewing and upscaling the existing power grid.

Our proven technology is already being deployed in many power plants in Iraq. We are proud that our customers in Iraq are very satisfied with these projects and look forward to doing more.

Siemens has done a study of the country's power landscape in Iraq and developed a comprehensive plan to address its challenges, from a technological as well as from a financing perspective. We possess local know-how, but also reliable and tested technology that can support the country's energy requirements for the short, medium and long-term. We know what needs to be done to upgrade the energy system in an economically optimized way and offer to work hand-in-hand with the Iraqi government to make this a reality in a short period of time. We have done mega-projects in the Middle East, executed in world record time. So we have excellent local experience and know how here in the region.

Edited February 14, 2018 by DinarThug

[DinarThug]

 

LINK

Abadi announces from Kuwait the launch of a strategic plan for the reconstruction of Iraq

10:45 - 14/02/2018

  

 

Prime Minister Haidar al-Abadi announced on Wednesday the launch of a strategic plan for the reconstruction of Iraq after the expulsion of "Dahesh" from all its territory, while stressing not to stop fighting corruption as no less dangerous than terrorism, he pointed out that Iraq will be a bridge of convergence rather than a battlefield.

"The government has launched a strategic plan for the reconstruction of the areas affected by terrorism," Abadi said in a speech at the opening of the ministerial meeting of the Iraq reconstruction conference and his follower, "Information", noting that "this plan will be a platform of action, taking into account the priority."

"Today, we are consolidating the concept that Iraq is a bridge to meet rather than a battlefield, and that Iraq is a space for common understandings and a gateway for the exchange of interests, benefits, visions and ideas," Abadi said.

Abadi stressed the need to "continue the process of supporting stability in the liberated areas," pointing out that "Iraq suffered from the decline of development because of terrorism."

Abadi stressed the continuation of his government in "fighting corruption, which is no less dangerous than terrorism, but was the scourge that helped to grow terrorism." 

[DinarThug]

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IRAQ’S RE-BUILDING OPPORTUNITIES INVOLVING DIVERSIFICATION INITIATIVES ACROSS MULTIPLE SECTORS MAKE IT AN ATTRACTIVE INVESTMENT DESTINATION GLOBALLY

New opportunities emerge with the returning of semblance of political stability and initiation of the nation’s redevelopment and reformation plans

Dubai, United Arab Emirates., February 14, 2018

 

 

Bridged between Asia, Middle East and African economies and strategically placed at the mouth of Europe, Iraq possesses immense locational advantage as a nation with opportunities that stand to be untapped. The country benefits from immense natural wealth in the form of its huge reserves of natural resources. Having been brutally battered first by the Gulf war and more recently by the ISIS conflict, Iraq is just emerging from the destruction and strategizing the rebuilding of the country to position itself as a regional super power.

Even as the nation’s re-building opportunity proves to be humungous and unique, investors and businesses alike are in need of business intelligence in understanding the right mode of entry, the most rewarding business model and business opportunity. Iraq possesses one of the largest oil reserves in the world making it a highly attractive business opportunity. As the country also focuses on diversification initiatives, opportunities unfurl in sectors such as construction, infrastructure, healthcare, transportation, energy and telecom which are being positioned as high priority development sectors.

Frost & Sullivan’s recent research report on “Assessment of Industry Sector Opportunities in Iraq” provides a broad overview of the current status of these high priority sectors, apart from providing a brief peek into addressable opportunity areas. To access more information on this analysis, please click here or write to us at achandhoke@frost.com.

Ali Mirmohammad, Senior Consultant - Iraq, Frost & Sullivan said, “With the end of the ISIS war, Iraq is on the path of reconstruction and economic resurrection that calls for sustained investment to the tune of over USD 900 billion within the next decade. Iraq plans to focus on the Oil & Gas downstream value chain as well as minerals value chain, construction and infrastructure industries, healthcare, energy, tourism and financial services sectors to move the GDP growth rate by 10% annually within the next decade”.

Following the ISIS war, the below sectors are in a state of disarray and would need massive re-development and newer investments:

“The country requires over USD 30 billion per annum of foreign direct investment (FDI) to achieve its reformation and stabilisation goals within the next 10 years,” noted Ali. “With 39+ million population, Iraq remains an attractive consumer market with potential of over USD 40 billion.”

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

[DinarThug]

The exchange rate of the dollar continued to fall on the stock exchange and local markets

 

 

February 14, 2018

 

The exchange rate of the US dollar against the Iraqi dinar will continue to fall on the central Baghdad Stock Exchange and local markets on Sunday (February 14, 2018).

 

Kifah Stock Exchange – Baghdad 123.200, while prices were on Tuesday 123.500.

 

Selling and buying prices in banking

 

The sale price of the dollar = 123.750 dinars

 

The purchase price of the dollar = 122.750 dinars.

 

http://en.economiciraq.com/201.....l-markets/

[DinarThug]

Al-Abbadi: Investment law in Iraq is the best in the region

 

February 14, 2018

 

Prime Minister Haider al-Abadi announced that the investment law in Iraq is considered the best in the region.

 

Abadi said in his speech at the end of the Iraq reconstruction conference held in Kuwait that “Iraq includes significant investment opportunities in all provinces and try to activate investment to activate the wheel of the economy and increase production and create jobs,” noting that “the government is keen to support the private sector and launched a cabinet package Measures to improve the investment environment in Iraq and will show their effects on streamlining procedures. ”

 

He added that “the partnership between the private sector and the public has been approved and approved the structure of public companies,” noting that “slack hit the productivity of public companies and we will take several measures to reduce them.”

 

He pointed out that “we will through the Higher Committee for Investment and Reconstruction to follow up the accuracy of implementation and transparency of the procedures facing investment, and the experience of the availability of some investors reflect the real will to enter the investment sector and expand to large companies with the Iraqi private sector.”

 

He stressed that “this conference is the beginning of the great start of the reconstruction of Iraq and we look forward to the presence of companies in Iraq,” explaining that “investment in Iraq will help with the reconstruction of Iraq.”[/size

 

http://en.economiciraq.com/201.....he-region/

[pokerplayer]

Your a steamroller today Thugs. Thxs for all the great articles you bring today. Keep on rolling !!

 

 pp

[King Bean]

So they conned folks out of $30 BILLION. About 10% of what Maliki and Friends bilked out of the country during his tenure as Prime Minister. Hopefully Abadi and the rest of the fools running the GOI can see the writing on the wall...."We will give you a little bit. You have to come up with the rest." Anxious to see Iraq's next move.

[pokerplayer]

2 minutes ago, DinarThug said:

The exchange rate of the dollar continued to fall on the stock exchange and local markets

 

 

February 14, 2018

 

The exchange rate of the US dollar against the Iraqi dinar will continue to fall on the central Baghdad Stock Exchange and local markets on Sunday (February 14, 2018).

 

Kifah Stock Exchange – Baghdad 123.200, while prices were on Tuesday 123.500.

 

Selling and buying prices in banking

 

The sale price of the dollar = 123.750 dinars

 

The purchase price of the dollar = 122.750 dinars.

 

http://en.economiciraq.com/201.....l-markets/

 

 

What ?? 122 IQD per dollar ? Maybe 1227 but can't see it being 122

 

Please let it be !!

 

   pp