MAJEED
GET RRRRREEEAAADYYY
I got a call from
telling me today the currency exchange companies inside Iraq refused to sell dollars to anybody…. They would only buy it from you.. that’s it
now they are only letting the dinar to stand up inside the country
LFGGGG
going international
Sudanese Advisor: The Government Has Taken Decisions That Grant Privileges To Investors
Political | 03:51 - 11/28/2024 Mawazine News - Baghdad - The Prime Minister's Advisor for Industry and Private Sector Development, Hamoudi Al-Lami, announced that the government has taken decisions to grant privileges to investors, while indicating that the facilities include granting tax exemptions.
Al-Lami said in a speech at the Greek-Arab Economic Forum in Athens, that "Iraq, after the formation of the current government two years ago headed by Prime Minister Mohammed Shia Al-Sudani, had one of its priorities to support the industrial sector, and the government has begun to implement this promise it made," noting that "the government has taken decisions, including activating Investment Law No. 13 of 2006, and additional amendments were made to it to grant more privileges to investors."
He explained that "the government has taken decisions, including forming committees to grant incentives and privileges to investors and guarantees for investment," noting that "foreign investors have the right to lease industrial lands for a period of 50 years, renewable."
Al-Lami explained that "Iraq has great opportunities for investment, especially after the security stability, and the Arab brothers played a major role in activating various sectors in Iraq and they are now spread across all Iraqi governorates," stressing that "Iraq is now witnessing a renaissance in activating sectors, and there are investment opportunities that were presented two months ago and will be followed by other opportunities that will be announced soon."
He continued: "Iraq has a great wealth of minerals that exceeds its importance, oil, as oil is now suffering from some disturbances due to the political situation, the issue of the environment and carbon emissions," explaining that "Iraq has begun to invest in the great wealth of minerals as it has 10 billion tons of phosphate rocks that are used in the phosphate and phosphate fertilizer industry, which has become a great need due to the increasing demand for food that requires agriculture, which in turn needs fertilizers."
He added that "any production of the phosphate industry is accompanied by uranium production, and the investor can use the uranium to produce energy or sell it to power plants," noting that "the National Investment Law started with simple and specific investments in the construction sector and has now shifted to investing in the industrial sectors (chemical and petrochemical)."
Al-Lami stated that "the investor obtains full tax exemptions for importing production line equipment and raw materials." https://www.mawazin.net/Details.aspx?jimare=256998
Iraq 🇮🇶 UPDATES
👉An Employee inside the Central Bank blocked emails from American 🇺🇸 Banks!!
- Alsumaria Channel
👉 American banks forced Iraq to deal with Arab banks and the profits of the Jordanian bank reached $4 Billion Dollars 💵
…Are you thinking what I’m thinking 🤔
IQD market rate this evening selling price reached 151,000 dinars for $100 USD
Government Communication: All Institutions Are Required To Introduce Electronic Payment By July 2025
Electronic payment device at gas stations Money and business Economy News – Baghdad The Government Communication Team confirmed on Thursday that the number of institutions using electronic payment has increased to 780 and the number of payment cards has increased to 20 million, noting that the government’s plan stresses the obligation of all institutions to introduce electronic payment by July 2025.
The head of the government communication team, Ammar Munim, said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "there are about 780 institutions that have been converted to electronic payment, and the number of electronic cards has increased from 14 million cards to 20 million cards, in addition to the amounts that were traded during the campaign reaching one and a half trillion dinars."
He added, "We have a set of measures that have allowed for an increase in the number of electronic cards and the number of ATMs, and the conversion of institutions to electronic payment. The culture among citizens has been strengthened to use cards to transfer their money inside and outside Iraq electronically without any difficulty."
He added, "The national campaign to support the electronic payment process encouraged citizens through simplified procedures from the government, and it is an educational campaign."
He stressed that "the government has taken important measures through which it has directed all institutions to develop a plan to move to electronic payment by the end of this year and for all institutions to enter the electronic payment process by the beginning of July of next year 2025." 58 views Added 11/28/2024 - 5:53 PM https://economy-news.net/content.php?id=50346
Thurs. 28 Nov. 2024 TNT Call
