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Clare » February 13th, 2024
With a value of 500 billion dollars.. Iraq offers new investment opportunities to stimulate the economy in the country
2/13/2024
The investment graph in Iraq has recently increased to reach $300 billion thanks to new legal amendments aimed at expanding the roles of productive sectors in accordance with the national development plan extending from the year 2024 to the year 2028 for the purpose of reducing dependence on oil revenues to support the country’s general financial budget.
The investment law in Iraq offers some advantages, the most prominent of which is that the investor owns government real estate as well as leasing the project lands for 50 years, with tax and customs exemptions and the freedom to transfer money in addition to the possibility of trading in the Iraqi stock market. LINK
Germany allocates $21.5 million to support small and medium-sized companies in Iraq
2/13/2024
On Tuesday, the German government allocated $21.5 million to support small and medium-sized companies in Iraq.
A statement by the International Labor Organization in Iraq, received by Shafaq News Agency, stated that “Germany will support the organization with an amount of 21.5 million US dollars through the German Development Bank to enhance the development of the private sector, especially small and medium-sized companies in Iraq.”
The statement quoted Chargé d’Affaires Maximilian Rasch as saying, “Bank guarantees for small and medium-sized companies are the cornerstone of every economy.” LINK
Source: Dinar Recaps
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