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Parliament: Amending the investment law will reflect positively on the future
Iraq 06/27/2024
Baghdad: Al-Sabah
The Investment and Development Committee in the House of Representatives intends to amend the Investment Law, which will reflect positively on this sector.
Committee member Muhammad Al-Zayadi told Al-Sabah:
This law is one of the important laws, as through it the legislative and executive authorities can provide what is best for this sector, noting that the issue of
replacing the heads of investment bodies is a matter assigned to the provincial councils. He added that the
legislative authority must implement what is stated in the Provincial Councils Law regarding the tasks of local governments, in addition to the fact that
the Constitution fully clarifies the tasks and powers of local governments, and
therefore what concerns those governments is their own business. Al-Ziyadi pointed out that
the last stage witnessed the absence of the role of the local government, and timid follow-up by the members of the House of Representatives after the task was entrusted to them,
but now the law must be implemented in its entirety and the local councils must present something to their people in all governorates and what they deem appropriate by changing or continuing regarding investment bodies..
He pointed out that we must benefit from the mistakes that occurred in the past to correct the work of investment bodies, explaining that the
violations in the work of the bodies, including extending the work of their heads, which some have spoken about, did not exist because this matter is within the authority of the Council of Ministers, adding that
the matter is up to the provincial councils to implement what they see. appropriate according to their powers and do not allow any of the authorities to take away their powers for any reason.
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Iraq 06/27/2024
Baghdad: Al-Sabah
The Investment and Development Committee in the House of Representatives intends to amend the Investment Law, which will reflect positively on this sector.
Committee member Muhammad Al-Zayadi told Al-Sabah:
This law is one of the important laws, as through it the legislative and executive authorities can provide what is best for this sector, noting that the issue of
replacing the heads of investment bodies is a matter assigned to the provincial councils. He added that the
legislative authority must implement what is stated in the Provincial Councils Law regarding the tasks of local governments, in addition to the fact that
the Constitution fully clarifies the tasks and powers of local governments, and
therefore what concerns those governments is their own business. Al-Ziyadi pointed out that
the last stage witnessed the absence of the role of the local government, and timid follow-up by the members of the House of Representatives after the task was entrusted to them,
but now the law must be implemented in its entirety and the local councils must present something to their people in all governorates and what they deem appropriate by changing or continuing regarding investment bodies..
He pointed out that we must benefit from the mistakes that occurred in the past to correct the work of investment bodies, explaining that the
violations in the work of the bodies, including extending the work of their heads, which some have spoken about, did not exist because this matter is within the authority of the Council of Ministers, adding that
the matter is up to the provincial councils to implement what they see. appropriate according to their powers and do not allow any of the authorities to take away their powers for any reason.
[You must be registered and logged in to see this link.]
