Call to speed up publishing of Foreign Investment Law in Iraq

Munaf AL Saigh, a prominent member of the Iraqi Center for Economic Reform said in a statement that current heated discussions on the subject of the Iraqi stock exchange are healthy and require action.

He added that every country's stock exchange is the central point for investment activity, and a determinning factor in economic flexibility and political and economic stability. From the technical and daily operational point of view, stability is an absence of violence and the freedom for capital to enter and leave the country.

AL Saigh continued to say that the government should at once and without delay begin the reenactment of foreign investment laws to permit foreign investment and to involve investors, businessmen, academics, experts from the Chamber of Commerce, and economic experts from within and outside the Ministry of Trade to participate in the setting of flexible laws that serve the country's economy and strengthen the position of local and foreign investors.(Source)AlSabah

Kuwaiti commercial bank opened in SULAYMANIA, Iraq

On the same level, Sulaymania chamber of commerce ratified 45 commercial and economical contract with Turkey chamber of commerce included exporting agricultural tools and equipments besides factory spares and house furnitures.(Source)AlSabah

AL-MALKI announces conciliation project tomorrow

Atmospheres on the council refer to positive agreement with Maliki's national conciliation without o objections. All sides agree on the necessity of passing the crises, and although the project needs some adjustments but this will not prevent the agreement on adopting it.

As for the starting a national conference ,president , Talabani said that this project includes a call to held several conferences for political powers, parties tribes ,and religious figures which will move the community as a whole and mobilize the people energies to walk this road, adding that this call will help in planting confidence and hope in people spirits.(Source)AlSabah

Kurds to build free-trade zone close to Iranian border

The Kurdish north is practically divided into two regions, each with its own local administration and government.

The two administrations are reported to have united but each region is said to exercise some form of self-rule.

Sulaimaniya is under the control of the Patriotic Union of Kurdistan headed by Jalal Talabani, currently the President of Iraq.

The other region, including Arbil and Sulaimaniya, is administered by Kurdistan Democratic Party of Massoud Barzani.

Kareem said work on the 5-million square meter zone is expected to start soon.

“Several foreign firms will take part in building the zone,” Kareem said without elaborating.

He said the regional authorities in Sulaimaniya were in talks with the American embassy in Baghdad and central government authorities to exempt goods destined for the zone from taxes and tariffs.

“The project will open up new opportunities for business and commerce with neighboring states and make many new jobs available,” he said.(Source)Azzaman