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Parliamentary Economy: amend the investment law is not enough to attract investors and capital of Iraq
05/02/2015 11:28
BAGHDAD / Source News / ..
She said a member of the parliamentary Committee of Economy and Investment Attorney Nora Albjara, on Thursday, that the amendment of the current Investment Law No. 16 of 2006 is not enough alone to attract capital and attract investors to Iraq.
She said in a press statement Albjara I followed Agency / Source News /, that "there is a package of laws and other legislation should be adjusted to keep pace with the current investment law to provide a suitable environment for investment in Iraq, along with the stability of the security situation in the country."
She Albjara that "the House of Representatives will go to modify the current law and its inclusion on the agenda of the vote during the current legislative term."
She noted that "the Banking Act amendment in Iraq No. 94 of 2004 and the Law on the Central Bank in conjunction with the initiation of amendment of the Investment Law will contribute to opening new horizons for attracting investors and attract capital, especially in Iraq, including that of neighboring countries."
It showed that "government is obliged to send those laws to the House of Representatives to be adjusted during the current period in line with the desire to activate the investment sector and opening up to investors to counter the drop in oil prices and non-oil revenue of the general budget."
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05/02/2015 11:28
BAGHDAD / Source News / ..
She said a member of the parliamentary Committee of Economy and Investment Attorney Nora Albjara, on Thursday, that the amendment of the current Investment Law No. 16 of 2006 is not enough alone to attract capital and attract investors to Iraq.
She said in a press statement Albjara I followed Agency / Source News /, that "there is a package of laws and other legislation should be adjusted to keep pace with the current investment law to provide a suitable environment for investment in Iraq, along with the stability of the security situation in the country."
She Albjara that "the House of Representatives will go to modify the current law and its inclusion on the agenda of the vote during the current legislative term."
She noted that "the Banking Act amendment in Iraq No. 94 of 2004 and the Law on the Central Bank in conjunction with the initiation of amendment of the Investment Law will contribute to opening new horizons for attracting investors and attract capital, especially in Iraq, including that of neighboring countries."
It showed that "government is obliged to send those laws to the House of Representatives to be adjusted during the current period in line with the desire to activate the investment sector and opening up to investors to counter the drop in oil prices and non-oil revenue of the general budget."
[You must be registered and logged in to see this link.]
