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Economists attribute the delay to enter the investment banking sector lagged behind
On: Fri 4/12/2011 7:36
Economists attributed the delay in entering the labor market investments to Iraq, to the failure of the banking sector, while other experts called on to enter the investment to the higher education sector, in order to diversify sources of income for the national economy.
The economic expert called Ismail Abdul Hussein to the need to apply the single window system and the elimination of red tape to facilitate the work of investors in Iraq, asserting that the failure of the banking system in Iraq has led to delay the investment process in the country.
Said Abdul-Hussein's (Agency news): If you wanted the federal government to succeed the investment process, it must apply the single window system and to eliminate the deadly routine transactions and administrative reviews for all departments, as it hinders the process of investment and lead to the reluctance of investors to enter the Iraqi environment .
He said Abdul Hussein: The main reason to delay the investment process in Iraq is due to the failure of the banking system as it does not keep pace with advances in global banks, stressing that such systems are underdeveloped, are not keeping systems investment modern, and not with the vision of the state in the trend towards market economies, which hindered the entry of many investors to Iraq.
He stressed the need for an economist to give confidence to foreign investors access to the investment environment through the development of Iraqi facilities and encouragement to work in Iraq, calling for the development of the banking system in Iraq to keep the funds invested. Earlier, he blamed the parliamentary economic committee member MP Khalil Mahma banking sector responsible for the development of Iraq, not in the field of investment, noting that investment companies have the desire to enter the Iraqi environment.
Khelil said in an earlier statement (for the Agency news): The banking sector of sectors underdeveloped in the region as it continues to operate systems of old-developed technology and contains the cadres of administrative hinder the work of investors through the procedures of the complex, making the investment away from the Iraqi territory.
He noted government spokesman Ali Dabbagh said the Cabinet agreed to amend the investment system No. 7 of 2010, as amended, and meet a ratio of 10% of the rental value of land during the first three years from the date of commercial operation of the project is installed in the contract, and the ratio by 5 % of the value of the land for shopping centers and hotels after the end of the period specified above, and prove at the heart of the contract, as well as the continuation of tourism projects and the cities of games and entertainment complexes at a rate of 10% of the rental value of land and prove at the heart of the contract.
In the meantime, the Commission emphasized the parliamentary services and reconstruction on the need to invest the education sector because of its great economic benefit to the country, noting at the same time that the national economy, one-sided and must be diversity.
The Vice-Chairman of the Committee MP Jawad Hasnawi's Agency (news): The national economy is still one-sided, depending on the oil Bawardath annual, and this has led to many problems in the budget and delays in approval, so it must be diversity of the Iraqi economy through the activation of its different sectors, particularly the education sector.
He Hasnawi: The education sector in Iraq is one of the investment sectors with high economic returns to the country by opening branches of international universities and European Kalomirkah in Baghdad and the provinces in order to promote the national economy and improving the quality of education in Iraq.
He stressed the need for a well thought out strategic plan to attract international universities to Iraq for the purpose of investment of the education sector, calling for the federal government moving towards open ports and sources of funding for the national economy, and make it keep pace with economic growth of the modern world.
He had pointed star Hussein economic researcher to the need to activate the strategic economic sectors, in anticipation of global economic recession in the coming years.
The star in an earlier statement (Agency news): The federal government to activate the strategic economic sectors of the country Kalsnaaa and agricultural, as well as to take advantage of human brains in the public and private, in anticipation of a global economic recession difficult to treat.
And the star: If there was a recession in the world it is very influential in the Iraqi economy as Rieia unilaterally dependent on the oil sector, therefore, any global economic crisis affecting the local market.
He noted that the estimates of global oil prices during the year (2012) were from (70 to 102) dollars, but fears grow over the next year of a recession, especially in Europe as one of the consuming countries to oil and gas.
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On: Fri 4/12/2011 7:36
Economists attributed the delay in entering the labor market investments to Iraq, to the failure of the banking sector, while other experts called on to enter the investment to the higher education sector, in order to diversify sources of income for the national economy.
The economic expert called Ismail Abdul Hussein to the need to apply the single window system and the elimination of red tape to facilitate the work of investors in Iraq, asserting that the failure of the banking system in Iraq has led to delay the investment process in the country.
Said Abdul-Hussein's (Agency news): If you wanted the federal government to succeed the investment process, it must apply the single window system and to eliminate the deadly routine transactions and administrative reviews for all departments, as it hinders the process of investment and lead to the reluctance of investors to enter the Iraqi environment .
He said Abdul Hussein: The main reason to delay the investment process in Iraq is due to the failure of the banking system as it does not keep pace with advances in global banks, stressing that such systems are underdeveloped, are not keeping systems investment modern, and not with the vision of the state in the trend towards market economies, which hindered the entry of many investors to Iraq.
He stressed the need for an economist to give confidence to foreign investors access to the investment environment through the development of Iraqi facilities and encouragement to work in Iraq, calling for the development of the banking system in Iraq to keep the funds invested. Earlier, he blamed the parliamentary economic committee member MP Khalil Mahma banking sector responsible for the development of Iraq, not in the field of investment, noting that investment companies have the desire to enter the Iraqi environment.
Khelil said in an earlier statement (for the Agency news): The banking sector of sectors underdeveloped in the region as it continues to operate systems of old-developed technology and contains the cadres of administrative hinder the work of investors through the procedures of the complex, making the investment away from the Iraqi territory.
He noted government spokesman Ali Dabbagh said the Cabinet agreed to amend the investment system No. 7 of 2010, as amended, and meet a ratio of 10% of the rental value of land during the first three years from the date of commercial operation of the project is installed in the contract, and the ratio by 5 % of the value of the land for shopping centers and hotels after the end of the period specified above, and prove at the heart of the contract, as well as the continuation of tourism projects and the cities of games and entertainment complexes at a rate of 10% of the rental value of land and prove at the heart of the contract.
In the meantime, the Commission emphasized the parliamentary services and reconstruction on the need to invest the education sector because of its great economic benefit to the country, noting at the same time that the national economy, one-sided and must be diversity.
The Vice-Chairman of the Committee MP Jawad Hasnawi's Agency (news): The national economy is still one-sided, depending on the oil Bawardath annual, and this has led to many problems in the budget and delays in approval, so it must be diversity of the Iraqi economy through the activation of its different sectors, particularly the education sector.
He Hasnawi: The education sector in Iraq is one of the investment sectors with high economic returns to the country by opening branches of international universities and European Kalomirkah in Baghdad and the provinces in order to promote the national economy and improving the quality of education in Iraq.
He stressed the need for a well thought out strategic plan to attract international universities to Iraq for the purpose of investment of the education sector, calling for the federal government moving towards open ports and sources of funding for the national economy, and make it keep pace with economic growth of the modern world.
He had pointed star Hussein economic researcher to the need to activate the strategic economic sectors, in anticipation of global economic recession in the coming years.
The star in an earlier statement (Agency news): The federal government to activate the strategic economic sectors of the country Kalsnaaa and agricultural, as well as to take advantage of human brains in the public and private, in anticipation of a global economic recession difficult to treat.
And the star: If there was a recession in the world it is very influential in the Iraqi economy as Rieia unilaterally dependent on the oil sector, therefore, any global economic crisis affecting the local market.
He noted that the estimates of global oil prices during the year (2012) were from (70 to 102) dollars, but fears grow over the next year of a recession, especially in Europe as one of the consuming countries to oil and gas.
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