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Al-Mahmoudawi: Iraq in front of the challenges of reconstruction .. Investment is the solution

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Eidani discusses with the World Bank adviser the possibility of investing in Basra

Eidani discusses with the World Bank adviser the possibility of investing in Basra

Written by: Yasser Hilaliin: January 15, 2019In: 

Nour News / Economic

Basra Governor Assaad Al-Eidani discussed with the World Bank's Advisor Mahmoud Al-Jarf on Tuesday the possibility of this international banking institution entering the investment line in the province.

A statement issued by the Information Office of the Governor, received "the light News" a copy of it, "the governor of Basra, As'ad Abdul Amir Al-Eidani, discussed with the World Bank adviser Mahmoud Al-Jarf, in the presence of the head of the Basra Investment Commission and Alaa Abdul Hussein Salman, the possibility of access this global banking institution to Investment line in the province. "

Al-Eidani said on the sidelines of the meeting that "day after day, Basra proves to the world its importance at various levels, and at the forefront of that economic importance." He said that "this is the visit of the delegation of the World Bank to the province and its entry on the investment line."

He added: "We support this trend if the appropriate ground is available, and the directions that serve Basra and its people, and in this regard, the executive government must enjoy sufficient powers granted in accordance with the decentralization, which is lacking in many vital joints and investment one of them."

"The governor of Basra," during the short period next I will put this trend in front of the eyes of the federal government, "asserting that" granting the province broader powers would reduce obstacles to investment opportunities and the entry of global companies to the visual labor market.

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Okay, this needs to be kept an eye on. Somethings’ afoot. What Politicians stand to gain The most from this ?

Lord knows those folks could use some “ real “ investment. . . Without having 75% of whatever does get thrown their way, syphoned off to Politicians UN-numbered mattresses around the world.

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I’m confused, in the world I live in, when I worked construction, I had to show a paper trail showing all suppliers and subcontractors and employees were paid before I got the final payment. How are these politicians getting all this money?

Why are these banks using accountants that can’t follow a paper trail full of fraud and embezzlement? Why are they not doing a life style audit, forcing these thieves to prove where there money came from?

Are these guys taking on apprentices?

Im willing to learn!

Edited by alreis
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Al-Mahmoudawi: Iraq in front of the challenges of reconstruction .. Investment is the solution

5:36 - 12/02/2019

141222019_9998552139.jpg.9b627dfc9605ab67dea756afb3d4be17.jpg

https://www.mawazin.net/Details.aspx?jimare=33923

 

Baghdad - Mawazine News
A member of the House of Representatives Jamal al-Muhammadawi said Tuesday that Iraq faces the challenges of reconstruction, pointing out that investment is the solution.
In a statement received by Mawazine News during a meeting with Basra Investment Authority Chairman Alaa Abdul Hussein, Al-Mahmoudawi said that Iraq faces the challenges of reconstruction.
"Investment is the solution," he said, adding that "Basra is the lifeline of Iraq."
He added that "this was during a meeting in the BIC building in which he reviewed the most important obstacles facing the investment process and a mechanism to solve problems to promote investment reality."
For his part, Abdul Hussein said that "the Authority seeks to improve the business environment to attract private sector investment to achieve the target growth rates and increase the volume of investments."
He said that "the past period has undergone structural changes at the economic level and led the Investment Authority packages of adjustments in the administrative procedures will work during the next phase, to complete the plan of administrative and institutional reform and based on the memorandum of understanding signed with the World Bank."
It is worth mentioning that the Basra Investment Authority is operating according to the Investment Law No. 13, which is the Iraqi Council of Representatives Bill in 2013, while a series of amendments were made to add new concessions to investors, the latest of which was Law No. 50 of 2015.

Edited by 6ly410
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Not without a Globally Recognized Currency ..... or are you guys so special you’ve found a way around that too ?

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Dragged thru the weeds and continually fed truckloads of verbal diarrhea for now into year 16 for me and others like me in DV....and still, it just goes on & on & on & on......... & on. 🖕

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