The Iraqi government is trying to encourage investment inside the country. However, Iraqi businesspeople are seeking a safe haven - away from violence, heavy taxation and too much red tape – and they are increasingly seeing the eastern European country of Georgia as a good investment. At a recent meeting of Baghdad’s most successful businessmen, one of them - Madyan al-Kadhimi
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The deputy Prime Minister for Energy Affairs, Hussain al-Shahristani, stated that the International Monetary Fund estimates indicate that Iraq will keep the rate of increase in economic growth over the next five years, while considered that the year 2014 will be a year of investment in the country. The major economic growth will take place for of course the oil reserves of the
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BAGHDAD - An engineering, procurement and construction (EPC) contract to build the $4 billion Karbala refinery will be signed by the beginning of 2014, part of a revived effort by Baghdad to boost its neglected refining sector. "It was supposed to be awarded this year, but there were some issues related to the [budget] allocations for it, and probably it will be awarded at the
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Iraq hasn’t been the most research-friendly environment in recent years, but that could be changing. Credit: U.S. Army, Tech. Sgt. Rick Sforza Ten years ago, the Iraqi scientific establishment was in trouble. Political and military convulsions following the American invasion made it difficult to maintain routinized studies critical for robust research. Iraqi scientists were un
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