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"Economic optimism" holding the Arab Summit in Iraq

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littlekracker



"Economic optimism" holding the Arab Summit in Iraq
10/08/2010 16:32 08/10/2010 16:32



Dohuk, 10 August (Akaniwz) - considered an expert economic Iraqi on Tuesday, the next Arab summit in Iraq will give a splash of life to the economy and the Iraqi market, noting that the economic feasibility of the desired expenditure of more than 276 million dollars earmarked for this summit will be key to run the sectors the Iraqi economy and an important outlet to absorb a large proportion of unemployment.

The peace Sumaisem told Kurdistan News (Akaniwz) The "allocation (276.595) million dollars to host the Arab summit conference to be held in Baghdad or Irbil, hardly will be sufficient to bring about the desired reforms, although that sounds hostile Takrst and expressed displeasure over the allocation of such amounts" , pointing out that "a series of reforms intended require a network of facilities and amenities, such as networks of Internet and communications and so on."

She pointed out that "The real motive and economic feasibility of this desired spending far exceeded the amount allocated, as would be the key to run the sectors of the Iraqi economy and an important outlet for the absorption of the sizeable proportion of unemployment prevailing in the labor market" Iraqi .

Afterthought by saying "in addition to encourage the demand for goods and services to sectors related to structural and financial sectors with the implementation and this will give a splash of life to the economy and the Iraqi market which is important to a lot."

Sumaisem believes that "the interest of the coming Arab summit held in Iraq, not just political, although political affairs at the forefront" .

Indicated that "the issue is the interpretation of the will of Arab support for Iraq and the new experience to demonstrate this support a reality and through the application abroad to bring in the land of home and deal with the experience of Iraq realities for real."

Increased to say, "and that reverberate so great to open the doors for investment and stimulate investors by demonstrating the fact that a good environment at home to attract investment, because it is not obvious impact of international support embodied in the upcoming summit of what the existence of a new Iraq, and well."

It noted that "the decision to allocate more than 276 million dollars to hold the upcoming summit is an injection of hope for ailing Iraqi economy."

And Iraq's cabinet agreed on the earlier recommendations of the Subcommittee for reconstruction on the preparations for the Arab summit conference to be held in Iraq in March 2011 and the allocation of the amount of (276.595 million) dollars includes assignments for companies and compensation consulting offices and control and the provision and supervision with the amounts speculative for the rehabilitation of the VIP lounge major Baghdad International Airport, guest houses and offices of the president in Jadriya, and the Green Zone.

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