A new step by the government to attract foreign investments, 29 feb

  A new step by the government to attract foreign investments

Deputy Prime Minister and Minister of Oil, Hayyan Abdul-Ghani Al-Sawad, revealed today, Wednesday (February 28, 2024), the government’s intention to amend the investment law to facilitate the work of companies that wish to enter Iraq.

Al-Sawad said during an interview with “Baghdad Today” that “the government is determined to amend the investment law in Iraq, in a way that ensures the process of attracting companies,” indicating that “there are some observations on the current investment law, and accordingly we proceeded to propose some amendments, and they will be studied to proceed with drafting the amendments.” necessary from the government in preparation for sending the amendments to Parliament for passage.”

The Deputy Prime Minister stated, “Investment in the refinery sector is our most important priority in the Ministry of Oil, and therefore the government seeks to develop all aspects of the country, and one of the most important ways of development is to work to find an investment law that will be attractive to companies to work in Iraq.”

According to specialists in economic affairs, the country’s investment law is one of the best laws that can attract capital and international companies, in addition to being appropriate to the economic reality.

They stressed that the advantages provided by the law were not optimally exploited to bring about broad development or reconstruction moves, and the provisions of the laws were not widely exploited except in the oil field,  pointing out that legal legislation alone is not sufficient for the inflow of investment capital into the country.  link

"IRAQ BANKING ANNOUNCEMENT: "WE ARE ON THE VERGE OF WITNESSING THEM MOVE INTO A GLOBAL IMPLEMENTATION STAGE OF THE IQD" BY GOLDILOCKS

GOLDILOCKS

“It will be influential.” Iraq completes its preparations to join the World Trade Organization » Baghdad Al-Youm News Agency

https://baghdadtoday.news/243640-%D8%B3%D9%8A%D9%83%D9%88%D9%86-%D9%85%D8%A4%D8%AB%D8%B1%D8%A7%D9%8B.-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D9%86%D9%87%D9%8A-%D8%A7%D8%B3%D8%AA%D8%B9%D8%AF%D8%A7%D8%AF%D8%AA%D9%87-%D9%84%D9%84%D8%A7%D9%86%D8%B6%D9%85%D8%A7%D9%85-%D8%A7%D9%84%D9%89-%D9%85%D9%86%D8%B8%D9%85%D8%A9-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9.html

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Goldilocks Highlights ™ 🌱🧂, [Jan 29, 2024 at 1:35 PM]

Iraq Banking Announcement:

"The Central Bank of Iraq has decided to restore the mechanism of financing Iraq’s foreign trade, starting next March." 

Look what we have here. Iraq is planning to move forward with financing their foreign trade mechanism. 

March 1st, 2024 is the day they expect to begin this process. They are telling their banks that they expect to do this with all currencies. 

Iraq has been working with Governmental Agencies and Technological Developers to get them to this point. 

They have tested their money and in process of testing their money this month on electronic mechanisms that will help them to move forward in the new Digital asset-based Trading System.

We are on the verge of witnessing them move into a global implementation stage of their currency.

© Goldilocks 

https://search4dinar.wordpress.com/2024/01/28/the-central-bank-of-iraq-decides-to-restore-the-mechanism-of-financing-foreign-trade-for-iraq-starting-next-march/

Iraq and the IMF BY NADER FROM MID EAST

Al-Sudani: The investment environment in Iraq has become promising, welcoming and open, 29 FEB

  Al-Sudani: The investment environment in Iraq has become promising, welcoming and open, 29 FEB

On Thursday, Prime Minister Muhammad Shiaa Al-Sudani described Iraq’s investment environment as “promising, welcoming and open after the financial, administrative and banking reforms carried out by the government he heads.”

This came during his reception of a delegation from the Turkish company Limak, which specializes in transportation and construction projects, headed by the company’s founder Nihat Ozdemir, according to a statement issued by the Presidency of the Council of Ministers.

At the beginning of the meeting, Al-Sudani pointed out the investment and development opportunities that the company can contribute to in Iraq, especially in the areas of infrastructure and transportation projects, and what is related to the development road projects and the Grand Al-Faw Port, as well as road, bridge and industrial city projects in various governorates.

The Iraqi Prime Minister reiterated the government's welcome of companies with high technical and operational experience, explaining that the investment environment in Iraq has become a promising, welcoming and open environment, especially after the financial, administrative and banking reforms took their course, and the private sector was qualified to conclude fruitful partnerships with international companies. link

Evening News with MarkZ. 02/29/2024

"RV UPDATE" BY HERNAN R BRAVO, (ENGLISH & SPANISH), 29 FEB

Wednesday February 28, 2024

If all goes as expected, we may have a three-day celebration starting around THURSDAY, FEBRUARY 29.

The rates for the Coins with the objective of the Revaluation being ready for FRIDAY, MARCH 01, 2024.

God bless you

J.B.

By Hernán Robert Hbravo 

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TRANSLATE SPANISH: 

Miércoles 28 febrero de 2024

Si todo sale como se espera, es posible que tengamos una celebración de tres días que comience alrededor del JUEVES 29 FEBRERO.

Se acordaron las tarifas de las

Monedas con el objetivo de que la Revaluación estén listos para el VIERNES 01 MARZO 2024.

Dios los bendiga

JB

De Hernán Robert Hbravo

Iraqi Dinar update for 02/28/24 - Korea restarts housing projects BY PIMPY