MAJEED
Majeed 🇸🇦KSA🇸🇦
🔥🚨🔥🚨🔥🚨🔥🔥🚨🔥🚨🔥🚨🔥
“Launch of the International Chamber of
Commerce in Iraq”
Iraq got ICC license to start trading internationally
Which means a 🟢 light to facilitate international trades
LFGGGG🇮🇶🔥🇮🇶🔥🇮🇶🔥🇮🇶🔥🇮🇶🔥🇮🇶🔥
MAJEED
Majeed 🇸🇦KSA🇸🇦
🔥🚨🔥🚨🔥🚨🔥🔥🚨🔥🚨🔥🚨🔥
“Launch of the International Chamber of
Commerce in Iraq”
Iraq got ICC license to start trading internationally
Which means a 🟢 light to facilitate international trades
LFGGGG🇮🇶🔥🇮🇶🔥🇮🇶🔥🇮🇶🔥🇮🇶🔥🇮🇶🔥
MILITIAMAN CC HIGHLIGHTS NOTES
Iraq has elected a new Speaker of Parliament, solidifying its three presidencies, and is focused on constitutional entitlements and economic reforms.
Parliamentary Investment and Development Committee calls for commitment to the “Investment Law”
The Parliamentary Investment and Development Committee called on the National Investment Commission and investment authorities in the governorates to oblige investors and developers to abide by the Investment Law, stressing the endeavor to amend its provisions to appear in the form of an integrated draft law that guarantees the investor's right and at the same time guarantees the state's right.
The committee stressed the importance of attracting real estate developers to contribute to the development of residential lands, in implementation of an item in the budget stipulating the necessity of distributing government lands after preparing them for housing. Committee member, Diaa Al-Hindi, explained in an interview with "Al-Sabah", followed by "Al-Eqtisad News", that "this item gives developers the opportunity to develop areas by paving roads and providing basic services, which makes them ready to receive residents, provided that the collection of revenues is allocated to them after the development process."
He pointed out that "current housing projects focus on building complexes that aim to achieve quick profits without paying full attention to the quality of infrastructure or services," noting that "most countries in the world are currently moving towards resorting to real estate developers to ensure an appropriate housing level that meets the needs of citizens and achieves sustainable development."
Regarding the laws that the Parliamentary Investment Committee is working on, Al-Hindi revealed that the committee has completed the “Industrial Investment” law, which is now ready for a vote in Parliament, and has also completed discussing the “Investment Law Amendment” to present it as an integrated project that supports investment efforts in the country and encourages attracting local and international investors.
In turn, committee member Susan Mansour said, “The investment law exists and is legislated, and although it is relatively solid, some of its provisions are elastic and need to be amended, as it is one of the most important laws, especially at this stage when Iraq needs to open up to the economic world,” indicating that “the investment law is the tool that properly regulates the investment process in the country
She added, “Most investors do not adhere to the current investment law, calling on the National Investment Commission to adhere to the standards of the law and implement its provisions on investors in a real manner, so that investment in Iraq can rise and become an attractive international environment for investment.”link
Possible Timing:
The below are rumored dates. They are subject to change and anything could happen:
Banking Association: Reducing inflation helped stabilize commodity prices
Economy News - Baghdad
The Private Banks Association confirmed, on Saturday, that the government's success in reducing the inflation rate to 3.8% helped stabilize commodity prices.
The Executive Director of the Private Banks Association, Ali Tariq, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the Private Banks Association and the Central Bank of Iraq held a symposium entitled (The Statistics Cycle in Formulating Monetary Policy)," indicating that "the use of statistical data and information is a methodology adopted by the Central Bank of Iraq, especially in the recent period in making decisions, whether at the level of monetary policy or decisions that affect the economy in general."
He added that "the aim of the symposium is to clarify economic, financial and banking data to the public by specialists; to view the data published on the website of the Central Bank of Iraq; to clarify progress and shortcomings related to the financial sector or monetary policy."
Tarek stressed that “one of the important indicators is related to the banking sector, the size of deposits, or the size of the monetary mass and the distribution of deposits between the government and private banking sectors, in addition to the impact of credit and loans on the gross domestic product,” explaining that “on the other hand, as economic indicators, the most important of which were inflation rates, which decreased significantly in the recent period to reach 3.8 percent,” noting
that “this is considered an excellent rate that maintains the stability of commodity prices, and thus the price increase is less for the citizen."
Frank26 The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it. It's is my hope. It ...