ALBUNDY Posted November 30, 2012 Report Share Posted November 30, 2012 Ibrahim al-Rikabi: foreign investors reluctant to enter Iraq as a result of the worsening political situation and not to raise the seventh item 2012/29/11 Baghdad (news) noted a member of the Committee of Economy and Investment National Alliance MP Ibrahim Rikabi, constantly frequency foreign investor from entering the Iraqi environment for investment because of the unstable political situation and continued development of Iraq under Chapter VII. Rikabi, (the Agency news) on Thursday: Despite the availability of economic fundamentals and investment opportunities big, but the movement of the wheel investment is still slow in the country. and continued: that foreign investors are afraid to enter Iraq for the purpose of investment, because there are no real guarantees provide them with their capital in the implementation of investment projects, as well as worsening political situation and leave the system banking and the continuing situation in Iraq under Chapter VII, which gives a positive signal and a bad reputation for the country in the world. called to: remove all the obstacles in front of the investors for the purpose of encouraging them to invest in Iraq. Read more: http://www.sotaliraq.com/mobile-news.php?id=79019#ixzz2DfWDGXyo Link to comment Share on other sites More sharing options...
hardmoney1 Posted November 30, 2012 Report Share Posted November 30, 2012 Ibrahim al-Rikabi: foreign investors reluctant to enter Iraq as a result of the worsening political situation and not to raise the seventh item 2012/29/11 Baghdad (news) noted a member of the Committee of Economy and Investment National Alliance MP Ibrahim Rikabi, constantly frequency foreign investor from entering the Iraqi environment for investment because of the unstable political situation and continued development of Iraq under Chapter VII. Rikabi, (the Agency news) on Thursday: Despite the availability of economic fundamentals and investment opportunities big, but the movement of the wheel investment is still slow in the country. and continued: that foreign investors are afraid to enter Iraq for the purpose of investment, because there are no real guarantees provide them with their capital in the implementation of investment projects, as well as worsening political situation and leave the system banking and the continuing situation in Iraq under Chapter VII, which gives a positive signal and a bad reputation for the country in the world. called to: remove all the obstacles in front of the investors for the purpose of encouraging them to invest in Iraq. This will change, soon enough! Gold, Oil, other natural resources... Hold on Baby! Read more: http://www.sotaliraq...9#ixzz2DfWDGXyo Link to comment Share on other sites More sharing options...
TLHUBER Posted November 30, 2012 Report Share Posted November 30, 2012 If Iraq has the fastest growing economy, then how can investors not be investing? Dam, news . Link to comment Share on other sites More sharing options...
ALBUNDY Posted November 30, 2012 Author Report Share Posted November 30, 2012 TLHUBER : " If Iraq has the fastest growing economy, then how can investors not be investing?", this is a good question and we hope someone experts can answer this question for us. hardmoney1 : " This will change, soon enough! Gold, Oil, other natural resources " , yup and we can only hope right? Link to comment Share on other sites More sharing options...
ALBUNDY Posted November 30, 2012 Author Report Share Posted November 30, 2012 TLHUBER : " " If Iraq has the fastest growing economy, then how can investors not be investing?", May be we can ask Mr. Adam Montana and he is also an expert here and can answer this question for us. Link to comment Share on other sites More sharing options...
uncirculd Posted November 30, 2012 Report Share Posted November 30, 2012 Iraq has investors, but not INVESTORS. Look at Iraq right now. Let's say you already collected from your RV and want to invest. Would you invest in Iraq right now? I know I wouldn't. The political instability, the sectarian strife that is no misunderstood is no way, no how in any sort of check. The laws are not investment friendly. They are cutting their own throats by holding things up in parliament. If they don't move on their laws, it will take them a long to time to get investors to trust that Iraq would be a great investment spot. Chapter 7 means they are NOT responsible. They need to get out of 7 also to attract investment. So many factors in investing and investors that it's just not a safe investment to some investors. Link to comment Share on other sites More sharing options...
ALBUNDY Posted December 1, 2012 Author Report Share Posted December 1, 2012 uncirculd : so the key point is chapter VII. Then, how come is it so difficult and too long to remove chapter VII? may be , there are some people (? ) that don't like chapter VII to be removed for a political reason? Link to comment Share on other sites More sharing options...
unirod Posted December 2, 2012 Report Share Posted December 2, 2012 I'm unfamiliar with how to post. On BBC there is a current article on the Kuwaiti election of a new parlaimant. There is a deep divide in Kuwait between the common people and the ruling Sabah family. I contend that much of the delays have been equally shared by Kuwait in the release of Iraq from Chapt 7 sanctions. Why?; maybe because the ordinary citizens suffered more from the invasion of Sadaam than the ruling Sabah family. The people will not gain financially in Kuwait only the Ruling Sabah family. The common Kuwaiti will probably never recover financially from what Sadaam did. It may be possible that Kuwait could be the next Arab Spring.... Is anyone surprised?....IMO Thx ALBUNDY Link to comment Share on other sites More sharing options...
Highlander Posted December 2, 2012 Report Share Posted December 2, 2012 Iraq is the fastest growing economy right now because of oil alone not because of the private sector. They are talking about the restrictions on the movement of money , the laws that govern outside investment, etc that are still in place right now are making it unattractive to invest in Iraq. You have to have 100,000.00 US Dollars just to start a business in Iraq as a non Iraqi. This is given to the Iraqi government and you can't have it back until you close the business and clear all taxes etc owed to the government and you are not paid interest on it either. This is why getting out of chapter 7 with the UN and moving from article 14 to article 8 compliance with the IMF is huge for Iraq as it affects not only outside investors but it also affects Iraqi citizens trying to do business with the international community. As to why it is so hard to get out of chapter 7 that is a conversation that could take days. First you have to have all legislation and agreements in place and have shown good faith to complete them. As we have watched for years now, getting legislation in place is something Iraq struggles with. Second the Security coucil has 5 permanent seats and the rest of them rotate monthly. So you get different opinions on the council on a monthly basis as to what a country does or does not need to accomplish to complete the goal of getting released from Chapter 7. Iraq is closer than they have ever been but they still have some very significant pieces of legislation to pass on demarcation of the borders and they need to get the farmers moved and compensated for starters. And then the politics of getting out of Chapter 7 begins which is where the constant public bickering between the political parties comes into play and will also have the affect of keeping them in chapter 7 even though that is not a specific issue in the sanctions. The head butting between Kurdistan and Baghdad and the clashes over territory do not sit well with the UN and will keep Iraq in chapter 7 imo. 2 Link to comment Share on other sites More sharing options...
SWFloridaGuy Posted December 2, 2012 Report Share Posted December 2, 2012 Iraq is the fastest growing economy right now because of oil alone not because of the private sector. They are talking about the restrictions on the movement of money , the laws that govern outside investment, etc that are still in place right now are making it unattractive to invest in Iraq. You have to have 100,000.00 US Dollars just to start a business in Iraq as a non Iraqi. This is given to the Iraqi government and you can't have it back until you close the business and clear all taxes etc owed to the government and you are not paid interest on it either. This is why getting out of chapter 7 with the UN and moving from article 14 to article 8 compliance with the IMF is huge for Iraq as it affects not only outside investors but it also affects Iraqi citizens trying to do business with the international community. As to why it is so hard to get out of chapter 7 that is a conversation that could take days. First you have to have all legislation and agreements in place and have shown good faith to complete them. As we have watched for years now, getting legislation in place is something Iraq struggles with. Second the Security coucil has 5 permanent seats and the rest of them rotate monthly. So you get different opinions on the council on a monthly basis as to what a country does or does not need to accomplish to complete the goal of getting released from Chapter 7. Iraq is closer than they have ever been but they still have some very significant pieces of legislation to pass on demarcation of the borders and they need to get the farmers moved and compensated for starters. And then the politics of getting out of Chapter 7 begins which is where the constant public bickering between the political parties comes into play and will also have the affect of keeping them in chapter 7 even though that is not a specific issue in the sanctions. The head butting between Kurdistan and Baghdad and the clashes over territory do not sit well with the UN and will keep Iraq in chapter 7 imo. Thanks for the post and good morning DV. Link to comment Share on other sites More sharing options...
Recommended Posts