Snip ~ According to government sources, the Maliki's visit will focus on the protection of Iraqi funds in and out of Chapter VII and the development of Iraq's banking transactions. 12/12/2011
Government in Baghdad: 22 U.S. company decides to enter the Iraqi market Baghdad, The Iraqi government said on Monday that 22 companies will enter the U.S. to work in Iraq to carry out infrastructure projects.
The Economic Adviser peace Quraishi, told the Kurdish news agency (Rn) announced today that "the Iraqi government received pledges from the U.S. embassy in Baghdad to enter the U.S. 22 companies worldwide to work in Iraq in the implementation of infrastructure projects in the governorates of Iraq."
"The six companies in building residential complexes and six companies in the implementation of infrastructure projects and installation of power stations and four companies in the field of medicine and two in the field of education and three companies in the industry and the development of enterprises and companies in the area of university service."
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He Quraishi said "booming strategic projects will be awarded to U.S. companies because of their experience and scientific implementation through direct calls after the adoption of legal and administrative measures necessary to ensure that there is no corruption in the selection process for foreign companies."
"The large size of the staff at the American Embassy, which reached to 15 thousand employees, aims to expand trade between Baghdad and Washington, and expanding the role of U.S. companies in the reconstruction of Iraq after the U.S. withdrawal from Iraq, the full end of the month."
And visit, Prime Minister Nuri al-Maliki at the head of a ministerial delegation, and the Washington Post for details of the protection of Iraqi funds and enhance their role in the development of banks and the expansion of trade between Baghdad and Washington.
Iraq has signed and the United States in 2008, the strategic framework agreement to support the Iraqi ministries and agencies in the transition from the strategic partnership with the Republic of Iraq to the areas of economic, diplomatic, cultural and security.
The agreement states that it should withdraw all U.S. forces from all territory and waters and airspace of Iraq no later than December 31 / December.
And decided to U.S. President Barack Obama in the May / May this year to extend the protection of Iraqi funds in the United States for another year.
According to government sources, the Maliki's visit will focus on the protection of Iraqi funds in and out of Chapter VII and the development of Iraq's banking transactions.
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Monday 12/12/2011
Araji: U.S. companies shall give comfort to reduce administrative red tape
Baghdad / term economic
Forecast Chairman of the National Investment Sami al-Araji, the investment boom in most economic sectors and service sectors.
They said in a press statement: The work is underway to remove all administrative and legal obstacles that stand for the arrival of international companies, pointing out that he will urge U.S. companies to enter Iraq strongly during his visit to Washington with Prime Minister Nuri al-Maliki.
He said al-Araji's (Agency news) before his departure to Washington: The Commission understands the requirements of investment business I felt that through its presence in global economic forums and regional and local levels, where they stood at the great desire of international companies in the work, pointing out that international investments have become aware of the size of Iraqi market for all goods and merchandise, in addition to job opportunities that are available in all economic sectors, where there is a market-scale investment in all governorates of Iraq.
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He pointed out that the authority is working to overcome all the determinants of investment business by adapting legislation have, and continued: There is a tendency for the implementation of projects industrial and agricultural support needs of the country, to the housing sector, which suffers problems can be overcome easily, pointing out that the private sector must have a big role in the investment process.
The Araji: he will introduce during his visit to Washington for U.S. companies to enter by force to Iraq, as well as More reassure those companies to reduce administrative red tape of government, and amend the investment law, which will give these facilities investment opportunities, and continued: Sentalam on the situation of investment in Iraq.
The Araji: The foundations of the guarantors of investment available, and there are investment companies large global studying the work environment, and investment business difficult and delicate and needs the protection of investors and their money, pointing out: The focus will be on infrastructure projects such as housing, water, sanitation and electricity in addition to the development of industry, agriculture and tourism.
The international companies in various disciplines studying the projects carefully from all sides, after having started the inviting these companies to come to the country and examine the reality of working closely.
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08/12/2011
Iraq presents an opportunity for investment and the Arab ministers of economy
Cairo, Iraq offered in the new session of Ministers of the Economic Unity Council, held in Cairo, his experience in attracting Arab investors and the investment law No. 13 of 2006 and amendments thereto.
Walid al-Helou, who represented Iraq in the meeting, told the Kurdish news agency (Rn) "We have in front of the Ministerial Meeting of the investment opportunities in Baghdad and other provinces and the Law on the various investment as we distributed a copy (CD) to all attendees."
"We found that there is a genuine desire to invest, especially after the security and stability that prevails in the street out of Iraq and the Americans, which is a great incentive for Arab investors."
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The sweet, "We welcome the work of collective Arab and especially in economic fields.
We want to achieve Arab economic unity that we are promoting a long time ago and got a lot of conventions, participants of different, especially in the field of customs union and the customs tariff and visa investor and the other."
For his part, Secretary-General presented to the unity of economic Ambassador Mohammed spring report to stimulate the economy after the revolutions of spring, especially the Arab countries that these revolutions had lost $ 100 billion and the development of a comprehensive study and informed of the advancement of these countries.
The report went on to the lower growth rates and inter-Arab trade and the impact of the financial situation and Arab policies and financial decline of public revenues from private oil with a high public spending and tax revenues
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5-12-2011
Parliamentarian: engaging the private sector had become necessary in the country's investment process ...
Baghdad, Akdado parliamentary Finance Committee and Deputy/Iraqi/Ibrahim Al-mutlak Coalition need to involve the private sector in the country's investment process.
Baghdad radio said in a statement to a reporter (News Agency news)
Monday: it is necessary to activate the private sector and participation in the investment process for the country to take part in the process of building and reconstruction of the country, through support to small and medium-sized enterprises and delivered to the Iraqi private sector.
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Al-mutlak said: that the State was not able to invest unless you do the private sector and supported by all what that balance is still dependent on Iraqi oil in annual expenditures.
Lukman said, adding: there is a set of constraints which are a barrier to foreign investor and investment legislation in particular as they hamper investment in the country, calling: facilitate the work of investors to encourage them to enter the environment.
And standing Deputy Parliamentary Finance Committee that the investor can adapt to work in safe investment environment in order to ensure their rights and that its assets at risk.
Earlier, a member of the parliamentary Economic Committee ruled out and the National Alliance Deputy//abdolhossein abtan of financial and administrative corruption in the private sector when they are involved in the process of economic development of the country, calling: the need for controls and laws when you activate the private sector.
Abtan said reporters (News News Agency): difficult financial and administrative corruption occurs when you activate the private sector but it will eliminate rampant corruption in the General Government sector, being based on competition and the reputation of your company or organization, stressing that if activated will be a catalyst for economic development in the country.
Abtan stressed the need to establish controls and conditions upon activation of the private sector to be organized and targeted to achieve a strong national economy.
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04-12-2011
Investment of Baghdad looking with a delegation of US Embassy economic attachee joint economic and investment
Baghdad, Research Chief Investment Baghdad Shaker zamli with economic attachee at the US Embassy in Baghdad to develop employment prospects and economically fruitful cooperation and investment
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The body said in a statement received by (Agency news News) Sunday: the Chairman of the delegation discussed with Shaker zamli ways to develop employment prospects and economically fruitful cooperation and investment through a number of investment opportunities in the capital Baghdad.
The delegation also explained zamli ready body to provide all facilities and unlimited support to attract us investment companies and urged them to work in Baghdad, according to the laws of the applicable investment.
For his part expressed an official delegation in the Embassy to get jobs for their investment in Baghdad to exchange experiences and delivering the latest modern techniques and methods that characterize Washington gained after long years of work in this area.
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05/12/2011
Investors applaud the Iraqi engineering competencies in project implementation
Stressed the importance of amending certain paragraphs of the investment law ...
Baghdad Al-Sabah
Stressed by a number of investors and government sources, the need to support the investment process through the provision of facilities to the cadres of companies operating in the country, as well as the adoption of the instructions that facilitate the entry of the work requirements at the border gates, which have become a prominent obstacles to project delays, and overtaking on the implementation periods fixed in the contract, as well as the need to contain the red tape that accompanies the construction process and cons on the reality of work in addition to the importance of building security plan flexible working help to access raw materials and logistics according to the plan set for the work.
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Engineer Akram Fri of the Municipality of Baghdad told (morning) that the investment projects which are implemented by companies global investment continued in more than one field and within certain limits, pointing out several obstacles negatively affect the flow complete the work as planned, noting that the engineering cadres Turkish working in the project did not have a clear vision for the potential engineering of Iraq, but after a short time proved our staff engineering art and existence, and has become the trend towards reliability in the implementation of many important works in the project, pointing out that the engineering capabilities of Iraq are able to compete with what is owned global investment firms , and can rely on Kdaratna local project management in various production sectors.
He said the Street Development Project Baghdad International Airport over the period of delivery specified in the contract, and became to request further periods of Kamal business, because you find a job and not the arrival of raw materials and logistics imported on time, led to the suspension of work in more than one occasion, indicating that the Municipality of Baghdad following the stages of completion continuously, and is working to overcome the obstacles that accompany the course of delivery, stressing the need to have a partner for foreign investors, who works on the implementation of projects, noting that it helps to overcome many of the obstacles that appear during the course of work, including problems in the workplace and its impact in the investment business, explaining that this view stems from the experience of working alongside the Turkish company implementing the project and requesting cooperation continued to contain all Mhaddat field work.
And called for extended base stations checks laboratory-based in all phases of work, and can not be dispensed with in all projects, but represents the main steps that make the work moves from one stage to another without concern, which requires the availability of such laboratories in the general areas of the country and the possibilities of advanced quickly to show results, explaining that the laboratory tests require a long time today and this is one of the obstacles that accompany the investment projects.
Meanwhile, a project manager for Cape Murad Ayhan Bashir: The field work in Iraq and the large has many job opportunities did not expect foreign investors, pointing to the Investment Law 13 of 2006 is one of the good laws , but the need to develop some paragraphs, to fit with the reality of work in the country, and noted that the investment business requires advanced banking services facilitate cash handling and operations of creativity, according to the amounts, and must be linked to Iraqi banks the Central Bank and the adoption of systems of work developed, and can build a banking system Turkey, a country adjacent to Iraq, and supports advanced system in this regard.
He added that there are several aspects to facilitate the presence of international companies specialized in Iraq, the most important development of the work the Department of Registrar of Companies, and the registration mechanism more flexible than it is now, pointing out that the company Cape one of the largest Turkish companies and their business in several countries, but interface difficulty in recording company in Iraq, although the volume of investments in Iraq requires a move away from routine so complicated.
He pointed to the importance of registration procedures for the entry requirements of the investment business at border crossings and ports where there are agricultural products and the trees and the requirements of green space dedicated to the development of street Baghdad International Airport late at ports, border two months ago, and this affects the implementation of the complete the work on time, noting that overcome these problems possible to lead to the investment environment and fit the goals of the local economy.
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02/12/2011
Parliamentary committee supports the directions of the Government to amend the investment law
Baghdad, The Committee on Economics and investment representative, on Friday, its support for the orientations of government efforts to an amendment to the Investment Law in force No. 13 of 2006, indicating that the problem of land acquisition by the investor is still the problem is more complex.
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He revealed the office of Prime Minister Nuri al-Maliki for the latter to seek an amendment to the investment law for the granting of additional facilities to foreign investors.
Committee Chairman Ahmed al-Alwani told the Kurdish news agency (Rn), said that his committee discussed the vision of the investment law with the concerned authorities in the executive branch, and believes that in spite of an amendment to the law, it need additional modifications other in order to ensure the rights of Iraq and the investor."
He said al-Alwani, the problem is more complex in the investment law still is the method of acquisition of land by investors, especially those owned by the defense ministries, municipalities, and financial, "noting that" the Committee hopes that the amendments to the investment law, the transition economy to a single window, as is the case in the Kurdistan region. "
Iraq acknowledged in 2006, Law No. 13 of the investment to encourage foreign companies to enter the country and contribute to government efforts to rebuild the infrastructure dilapidated by war and siege.
And the First Amendment, conducted by Iraq to the law in 2009 allowed the foreign investor the right to own land and property belonging to the State allowance determined in accordance with special regulations, also has the right to own land and property belonging to the mixed and private sectors for the purpose of the establishment of housing projects.link
Snip ~ According to government sources, the Maliki's visit will focus on the protection of Iraqi funds in and out of Chapter VII and the development of Iraq's banking transactions. 
