Warnings of foreign companies in Iraq to a mass exodus
Warnings of foreign companies in Iraq to a mass exodus
Posted 17/04/2014 09:54 AM
BAGHDAD – “arenas of Liberation”
Specialized experts warned that Iraq will stand embarrassed in front of the foreign companies operating in the country that will face the great migration to future investment companies.
U.S. oil giant “Exxon Mobil” has decided to liquidate its business in Iraq
The director of “media center” economic, Dargham Muhammad Ali , “The delay in approving the financial budget for the year 2014 will lead Iraq into an awkward position in front of foreign companies operating”, adding that “most of the companies involved did not receive financial dues so far, what will drive them to a mass exodus of sites and work legally claim entitlement of Finance. ”
“The failure to approve the budget would hurt the reputation of Iraq, and will reduce the confidence of global corporations financial device of Iraq,” adding that “the World Bank will reduce the rating of Iraq as a state-funded sovereign Iraq as a result of the financial situation is stable.”
altahreernews.com
