A Member of the Finance Committee, Secretary Hadi, MP confirms that the security situation in Iraq in regards to the operation of the foreign companies is now likely improve the Iraqi economy, and its growth is expected to enhance more in the forthcoming days.
In the News Agency interview recently, Hadi confirmed that in spite of the security breaches that happened in the current times within the country, there are more and more foreign companies bringing to a close contracts with the ministries and the country’s governorates.
This stresses that though Iraq’s situation constantly unchanged the world to know, there are inferior security situation to some of Iraq states. Therefore, the situations did not affect the operation of foreign companies.
He said,
Iraq gins considerable economic resources as well as its oil fields. That is why there are no worries in relation to a potential economic downturn when the country encounters. As a matter of fact, Iraqi economy has substantial growth in the coming period, especially after the currency of the Iraqi dinar improve its value against the dollar.
Iraqi economy is gradually becoming stable disregarding the occurrence of continuous bombings in some provinces of the country. Thus, this gives an obvious indication that in all probability, the strength of Iraq’s economy is expected.
An interview of James Cowles, CEO of Citi’s Europe, Middle East, and Africa division, indicated in a statement previously that Iraq is a significant market. It has an economy with substantial potential in the fullness of time. With the presence of Iraq, this positions other countries in terms to banking needs, to have a better regulation in the services to the clients, since they grow and expand their large business within the country.
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