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Tuesday, July 25, 2017

"Just How Ready they are" - Tues. PM KTFA Thoughts, News w/ DELTA


DELTA » July 25th, 2017

The Council of Ministers authorizes Araji to sign the investment project between Iraq and America Protection Convention


Economy News Baghdad:

The Cabinet decided on Tuesday to authorize the President of the National Investment Commission, Sami al-Araji, the authority to negotiate and sign a draft agreement to encourage and protect investment between Iraq and America.

The cabinet said in a press statement "Economy News" received a copy of it, "the cabinet decided during its meeting on Tuesday to authorize the President of the National Investment Commission authority to negotiate and sign a draft agreement to encourage and protect investment between the Government of the Republic of Iraq and the Government of the United States of America, as amended by the Council State Shura. "

He added that "it was authorized Minister of Transport, the authority to negotiate and sign a draft air transport agreement between the Government of the Republic of Iraq and the Government of the United States of America."


DELTA (wink)

Aggiedad77 » July 25th, 2017

WooHoo.....that be UUUUUUGGGGGGEEEEEE news again from our brother DELTA......protection of investments between Iraq and the US.....can you spell Trump DEALS on this......

IMO.....this is yet another step they are showing us in just how ready they are for things to move in a positive and extremely proactive direction IMO.....thanks brother for this. Aloha Randy

DELTA » July 25th, 2017


Deloitte: Iraq exempts foreign companies from taxes and will increase them to Iraqis

Economy News Baghdad:

The Iraq government has given foreign companies tax breaks to work and invest in the country, said Jane Stokes, director of taxation at Deloitte Middle East in Iraq.Â

Stokes said in an interview with satellite "cnbc Arab" and his "Economy News", "The Iraqi Ministry of Finance has granted tax exemptions to foreign companies to encourage foreign investment in sectors other than the oil and gas sector," noting that "the decline in oil prices in global markets made Iraq to impose more taxes, including the customs tariff. "

And expected "the continuation of the Iraqi government to impose more taxes on the daily dealings of Iraqis," noting that "the government decided to exempt companies working to rehabilitate the areas affected by the war."

She stressed that "confidence still exists in Iraq and there is a continuation of investment operations, specifically in the oil sector in southern Iraq, which was not affected by the security situation that occurred in 2014."Â

On July 6, Deloitte issued a new report on Iraq's tax environment under the title "Iraq's Commercial Guide - Understanding the Tax Situation in Iraq" to guide companies and support their clients and stakeholders in Iraq. The report aims to shed light on the key areas requiring consideration, both for companies that are looking to invest in Iraq for the first time, and those that have expertise and are currently working in Iraq. The General Authority for Taxation, following the appointment of a new general manager, that one of its main goals quickly dealing with tax assessments and collection of tax revenues in most ways.

Aggiedad77 » July 25th, 2017

DELTA saw this earlier....and in looking at it again....to me it ties to what you posted earlier.....more protection for those who are willing to come in and help rebuild Iraq and it's cities.....for those who will come in and employ their citizens and give them the opportunity to help in that reconstruction and rebuilding process.....power of purchase....indeed.....and so much more IMO.
Aloha Randy

DELTA » July 25th, 2017


Planning Minister: Iraq on the verge of significant investment and development stage

Planning Minister Salman Jumaili

The Minister of Planning, Salman Jumaili, Sunday, that Iraq is on the verge of significant investment and development stage is to defeat terrorism and to liberate the land and begin the process of reconstruction and construction.

The Ministry of Planning, in a press release, "Economy News" received a copy of it, "Jumaili met with the President of the rooms US trade and a large number of businessmen, traders and managers of major companies in the US capital of Washington, saw the meeting discussed a number of important issues in the forefront of post-victory and defeat terrorism, and appropriate mechanisms to initiate the reconstruction process through the support expected to be provided by the international community for Iraq to enable it to meet the requirements of the reconstruction of the liberated areas. "

The statement quoted the Minister of Planning, Salman al-Jumaili, as saying that "Iraq is on the verge of significant investment and development stage and illustrated this by the great interest shown by countries and international companies to enter the Iraqi investment promising environment," noting that "Iraq is on the threshold of a new stage is to defeat terrorism and liberate the land and begin the process of reconstruction and construction. "

He explained that "the Ministry of Planning has completed the reconstruction and development of areas affected by the terrorist acts over the next ten-year plan," noting that "this plan is linked Bouktta Five-Year Development (2018-2022) and (2023-2027)."

He pointed out that "the Iraqi government is working to facilitate the business environment in Iraq, in proportion to the international environment and to encourage global business capitalto enter the country, " stressing that "Iraq represents a great investment opportunity on business in the Middle East region and the world level."

He noted that "the current orientation of the Iraqi government full openness and cooperation with businessmen and investors, including American business in order to attract foreign investment to the country and participate in the reconstruction projects and development plans that have been many problems over the past years due to terrorism and the financial crisis."

For their part, businessmen, investors and managers of US companies expressed their desire and willingness to invest and work in Iraq, stressing the importance of developing economic, trade and investment relations between the two countries and to overcome all the difficulties and obstacles that will hinder joint cooperation, especially with the presence of the desire and the willingness of the governments of the two countries to move forward in the development of those relations.


JWMopar » July 25th, 2017

Wow, Delta! How would you suggest they encourage investment in Iraq? Wait, I've got an idea!! Much thanks, Delta!!!!!

TCKc2 » July 25th, 2017

Delta, your posts scream INTERNATIONAL, thank you for sharing.

Aggiedad77 » July 25th, 2017

OK you can stop it already.....no just joking.....you are on fire this afternoon brother......what a shot in the arm your posts have been......let Iraq see this news as the same shot in the arm.....may they find the position they need to bring their country and citizens into the world in a new light and ready to take care of themselves as well as others as they become a donor nation because of their riches and their realization of those riches.......you are doing a great job....keep it up. Aloha Randy

DELTA » July 25th, 2017




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