Deputy: UN sanctions and political problems behind the decline of non-Iraqi purchases of shares in the stock market

Deputy: UN sanctions and political problems behind the decline of non-Iraqi purchases of shares in the stock market



07-05-2013 10:37 AM

Baghdad (newsletter). The Rapporteur of the Committee on the economy and investment the Kurdistan Alliance/MP/mehma Khalil, declining foreign purchases of stocks in Iraq market for securities to political feuds among the parliamentary blocs and the UN sanctions still imposed on Iraq.

He said Khalil (News Agency): the political climate became a repel hard currencies and investors which impact directly on Iraq market for securities which is the lifeblood of the economy of the country.

He added that non-Iraqi purchases of shares in the stock market due to the political problems that her going astray on the security situation, as well as the Central Bank crisis that impacted significantly on the coming investment companies to work in the country
He said: as well as the UN sanctions imposed on Iraq since the 1990s, which contributed to prevent the entry of investors to operate in Iraq./finished/8 n. p.

[You must be registered and logged in to see this link.]

Another article like so many others saying that until political stability is achieved, investment in securities, which is the lifeblood of an economy, wont happen. We even see chap 7 referenced here.

been waiting and will wait hopefully soon this goi will get it together. I do belief it is growing pain they have to go through to really change to another system of ruling. Democrat is hard to bite in the middle east so much going against it. With all the communication things will change people want their freedom and soon it will be the young people running Iraq and old ways of dictatorship will be gone. Oil can not be their only source and they are doing great things to change that. Iraq will be a safe haven for those who want to take advantage of the laws and regulations that will draw people and countries in. Iraq is being model as the country of the future and not one person can or will stop it. Thank you Tom you always bring great articles.Keep the thumb on the news thanks again