The deterioration of security is hampering Iraq's investments

Thank you for listening! To read this entire article and MORE  go to my FX Buddies Blog

The deterioration of security is hampering Iraq's investments

link

Iraqi MPs have warned of the impact of the security decline in the country on the government's plans in the investment sector and attracting foreign and Arab companies, stressing that the threat is no longer limited to ISIS attacks only, but that armed militias impose their hegemony in a number of cities, especially Baghdad, northern and western Iraq. Compound investor fears.

Parliamentarian, Nada Shaker Jawdat, said, "Although Iraq is a promising country for investment, and it needs to advance in the health, educational and other sectors in all, the absence of the security aspect led to the reluctance of investors to work in it." She explained in a statement to a local radio, that "the repeated targeting and lack of control over the internal situation, the violation of external sovereignty and military parades, in addition to the language of threat and intimidation (referring to the armed factions), represented clear messages that led to a decline in investment in Iraq."