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Article quote: “An informed source said that the amendment of the paragraphs of the new investment law will give Iraq on a plate for Arab and foreign investor.

Allowing foreign investors to own land in Iraq is like offering up Iraq on a plate to those investors. However…the author of the article was not in favor of the move. I suspect, however, that Abadi is working assiduously to push this through Parliament and that he is confident that he has built the momentum to achieve that goal (otherwise why mention a vote on Monday?).

Let’s wait and see. If it includes the ownership provision we could be off to the races, at least as a start. If we are lucky perhaps the CBI, working through Saleh to get to Abadi, will do the same thing on a Banking Law that they have apparently done on the Investment Law. Let’s keep our fingers crossed!

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