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CNN. Broadcasting An Eclectic Blend - Oh Ya, U Blend ! LINK RAC: The law of holding companies is a qualitative leap in the Iraqi economy 30th June, 2019 A member of the Board of Directors of the Iraqi Economic Council Baqir Mashat, that the law of holding companies will constitute a quantum leap in the Iraqi economy. Al-Mashat said in a press release that Alsumaria News reported that "the Companies Holding Law will be a qualitative leap in the Iraqi economy through organizing the contribution of foreign capital in the joint stock companies and limited, in addition to giving priority to Iraqi companies of all kinds in obtaining government contracts, including Partnership with foreign companies". He added that "the law includes modern paragraphs such as electronic trading and the adoption of express mail for all correspondence and correspondence and provide data and allocate 10% of wages paid by the Registrar of companies development of infrastructure for the Registrar of companies and 10% monthly incentives for employees of the Ministry of Commerce Registrar of companies to encourage them to work and production and development of human development" He said. The House of Representatives voted in Thursday's session last week on the Law to amend the Companies Law No. 21 of 1997, which included for the first time in Iraq the establishment of holding companies.