InfoAnda - Bureaucracy and clashing rules hinder Iraq investment

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

US: No Need For Enrichment Capacity In Iran As Russia Fuels Plant | 14 August 2010
Malaysians to preach tiger protection in mosques | 16 March 2009
US will not pay bail for jailed hiker: State Department | 14 September 2010

Seoul shares rise 1.3 pct led by banks, techs | 23 July 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : Bureaucracy and clashing rules hinder Iraq investment

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Bureaucracy and clashing rules hinder Iraq investment Reuters - Monday, March 16 By Khalid al-Ansary ADVERTISEMENT BAGHDAD - As violence subsides and Iraq awaits a wave of foreign cash needed to help it rebuild from years of war, investment remains hindered by conflicting regulations and a labyrinthine bureaucracy, officials said. "Frankly speaking, the value of the investment in Iraq is not that big. Some provinces have managed to award investment licences worth billions of dollars," Thamir Ghadhban, head of the investment committee, told Reuters on Sunday. "But what is important here is not only granting licences, but for investors to actually start executing projects," he said at an investment conference in Baghdad. Ghadan said officials were mulling amendments to pre-2003 regulations that conflict with a 2006 investment law, which has hindered allocation of land for investment. They are also seeking to improve cooperation between local and federal powers. Such steps are part of Iraq's efforts to ensure infusions of investor cash, needed to rebuild bombed-out buildings, overhaul decaying infrastructure and create jobs, actually materialise. Major investors are lining up to take part in the oil sector -- Iraq has the world's third largest oil reserves -- and officials are expected to clinch a spate of massive oil and contracts in 2009. But investment is coming slowly outside oil. Aqeel al-Khazali, governor of southern Kerbala province, said there was more than $1 billion in stalled investment in his region. "We get these investment projects going, but then they get lost in the bureaucratic labyrinth," he said. Investors who seek to break ground in Iraq must get the sign-off from various ministries whose regulations are often not harmonized; there is often confusion about proper procedures; the approval of the right paperwork can occur at a glacial pace. Khazali urged the federal government to give provincial authorities greater autonomy to close investment deals. Iraq has been hoping for this tide of investment since the U.S.-led invasion in 2003 ended Saddam Hussein's isolated regime, but it needs foreign cash more than ever after a collapse in oil prices has weakened its own spending ability. Oil exports account for more than 95 percent of Iraqi revenues, and officials are now revising spending plans after oil plunged over $100 a barrel from last summer's record high. "The government cannot be responsible for all investment in Iraq," Deputy Prime Minister Rafie al-Esawi said. The government of Prime Minister Nuri al-Maliki is hoping that improving security will turn years of talk about major foreign investment into reality. The security situation is seen as far better than in the peak of sectarian violence in 2006-07, But violence continues in Iraq, especially in restive areas like northern Nineveh province, and the threat of resurgent violence looms. That makes investors anxious when it when it comes to hunkering down billions of dollars for long-term deals. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: World Salvadoran ex-rebels win presidency for first timeAP - 1 hour 53 minutes ago Bomb in Yemen kills 4 South Koreans, 1 YemeniAP - 2 hours 5 minutes ago Secret ICRC file says US practiced 'torture': reportAFP - 2 hours 8 minutes ago Leftist Funes claims Salvador poll winAFP - 2 hours 17 minutes ago Nine international soldiers killed in AfghanistanAFP - 2 hours 19 minutes ago Most Popular – World Viewed Arrest warrant issued for Lindsay Lohan Bailed-out AIG plans bonuses worth millions: report For sale: nagging wife, very high maintenance World Bank warns of "very dangerous" year ahead Twin boys for Charlie Sheen and wife View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 16 March 2009
Red Cross report describes torture at CIA jails | International |
Nine international soldiers killed in Afghanistan
Pakistan defuses crisis, agrees to restore judge | International |
Israel's Netanyahu secures first coalition partner
Austrian incest father Fritzl on trial for murder | International |
Israel's Netanyahu secures first coalition partner | International |
Israeli envoys make final push to free soldier
Suicide bomber kills six police in Afghanistan | International |
Leftist Funes claims Salvador presidential win
Iraq's al-Maliki: US will stay in insecure areas
Gunmen kidnap four aid workers in south Somalia | International |
Pension funds to sue RBS for losses: report
Syria jails dissident despite detente with West
Stranded South Korean workers cleared to leave North | International |
Twin boys for Charlie Sheen and wife
Explosions near Madagascar presidential palace | International |
Climate change blues: how scientists cope
Bureaucracy and clashing rules hinder Iraq investment
El Salvador ex-rebels win power through ballot box | International |
Shuttle Discovery lifts off on mission to ISS
Cheney: US achieved much of what it wanted in Iraq
Space shuttle Discovery lifts off
Ugandan troops begin Congo pull-out: military | International |
Bernanke says US has averted new depression
AIG says 22 bln of govt funds paid other firms
US troops hold St Patrick's Day parade in Baghdad
OPEC holds off from oil output cut
Secret ICRC file says US practiced 'torture': report
Crisis a chance to tackle climate change, create green jobs
Cybersquatting cases hit record in 2008 | Technology |
Red Cross report describes "torture" at CIA jails
Climate change blues: how scientists cope
World's first solar-powered film premiere
Small software makers ripe for takeovers: report | Technology |
Wall St. underwater: rising seas to hit NY hard
Northeast US to suffer most from future sea rise
Phone banking service launched in Africa, Mideast
Mexico, US carry out exchange of 36 inmates
Record cases of 'cybersquatting' in 2008: UN
Wall St. underwater: rising seas to hit NY hard
Venezuela offers use of air base to Russia: Chavez
Cleopatra 'was part-African'
Grieving Winnenden buries its dead
Phone banking service launched in Africa, Mideast
Tupac's mother files cross-suit over film project | Entertainment |
Race to Witch Mountain takes first at box office | Entertainment |
Taiwan welcomes biggest Chinese tourist group
Lady GaGa wows with big beats, bluesy surprises | Entertainment |
Malaysia court upholds Muslim's return to Buddhism
Girl feared eaten by crocodile in Australia
Sri Lanka says rebel leader likely in war zone
Actor Ron Silver, 62, dies of cancer | Entertainment |
Stranded S.Korean workers cleared to leave North
Four more land roles in Shyamalan's Airbender | Entertainment |
Tests show Chinese athletes 'faking their age'
NZealand court serves papers through Facebook
Widow of Sammy Davis Jr. dies: report | Entertainment |
Pakistan agrees to restore judge
Cybersquatting cases hit record in 2008 | Entertainment |
China may have lost $80 bln on foreign equities
Malaysian Islamic court allows woman to revert to Buddhism
Actor Ron Silver dies in NYC at age 62 of cancer
Oil falls below $45 after OPEC delays cuts
Malaysians to preach tiger protection in mosques
Pakistani stocks surge 5.5 pct on judge decision
Foreign direct investment in China declines
China outlines subsidies for rural auto purchases
South Korea revised Feb exports down 18.3 pct
Korea Hot Stocks
Four more land roles in Shyamalan's "Airbender"
Met Opera celebrates 125 years with lavish gala
Taiwan dollar up on signs of econ optimism, exporters
NZ economy set for sharp contraction in Q4
Tupac's mother files cross-suit over film project
Reports: South Korea, EU near free trade deal
"MacGyver" being reassembled as feature film
Indonesian women eye seats in parliament
Actor Ron Silver dies in NYC at age 62 of cancer
Actor Charlie Sheen and wife welcome twin boys
Cybersquatting cases hit record in 2008
Attorney: Lohan will not appear in court Monday
World's first solar-powered film premiere
Iran's Khatami withdraws from presidential vote: allies | International |
Israel's Netanyahu inks first deal with far-right
Iran's Khatami withdraws from presidential vote
Austria's Fritzl denies murder, admits incest | International |
Reformist Khatami quits Iran presidency race: aide
Lebanese embassy opens in Damascus | International |
Sudan wants foreign groups to stop distributing aid
Bomb thrown at China government office: report | International |
Please save our water, world forum told
U.S. forces shot down Iranian drone: Iraq official | International |
At least 10 killed in Afghan blasts: police
Stocks rally as Russia urges economic reforms
World stocks rally but analysts doubt it can last
Sudan wants foreign groups to stop distributing aid | International |
Eurozone inflation picks up in February
Madagascar opposition calls for president's arrest | International |
Barclays considers toxic asset scheme
World Water Forum tackles freshwater crisis
Cybersquatting cases hit record in 2008 | Technology |
Shuttle Discovery heads for space station
Vatican starts Chinese website but some fear block | Technology |
Cash-hungry U.S. states turn to Web to auction goods | Technology |
Qualcomm says court dismisses Broadcom complaint | Technology |
Egypt's OT says Canada unit gets wireless spectrum | Technology |
Qualcomm says court dismisses Broadcom complaint
Bebo social network expands into Europe
Madonna may adopt another child from Malawi | Entertainment |
U.S. radio show host Don Imus has prostate cancer | Entertainment |
In bad economy, TV news turns to average Americans | Entertainment |
Telemundo, Endemol Spain ink sweeping telenovela pact | Entertainment |
Gunmen release six foreign oil workers in Cameroon
NKorea lets stranded SKoreans return home
Sci Fi Channel changing name, logo | Entertainment |
Pakistan reinstates sacked chief justice
Taiwan: Time not right for reducing China tensions
Arrest warrant issued for Lindsay Lohan | Entertainment |
Pakistan to reinstate top judge, defusing crisis
UN accuses Sri Lankan rebels of recruiting worker
Police find human remains after crocodile attack
Japan PM launches economic crisis talks
S.Korean tourists killed in Yemen blast
Hitachi replaces president
Myanmar astrologers plan lucky birth time Web site
China's CITIC Securities teams with US brokerage
China outlines subsidies for rural auto purchases
China shares rebound after losing week
Japan shows walking female robot for fashion show
US-ENTERTAINMENT Summary
Sci Fi Channel changing name, logo
NKorea partially reopens SKorea border: ministry
Correction: British theater's Olivier awards
Japan shares rise on hopes of steps to help banks
Warhol's Pop Art 60s and 70s revived in Paris
California's drought-resistent gardens are hot
Formula One: Girls, glamour fuel racing dreams
Indonesian election campaign season begins
Indonesia kicks off election campaign
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01