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Iraq - Doing Business

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happywelshguy
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Iraq - Doing Business Empty Iraq - Doing Business

Post by ClermontThinker Thu Nov 17, 2011 7:11 pm

Some might look at this as bad news. Well, in fact, it might not be as bad as it first seems. The good news, I think, is Iraq is "in the game" even though they are in the bottom of the batch.

Let's go RV...


From the World Bank annual report...

Out of 183 countries included in the World Bank report, Iraq was ranked number 164 in ease of doing business. Last year, it was 166, and the year before that 153. Iraq was at the bottom of the Middle East and North Africa in the 2011 findings.
In comparison, Saudi Arabia was number 12, the United Arab Emirates number 33, Israel 34, Qatar 36, Tunisia 46, Oman 49, Kuwait 67, Morocco 94, Jordan 96, Yemen 99, Lebanon 104, Egypt 110, Palestine 131, Syria 134, Iran 144, and Algeria 148. That led to a regional average score of 93. Iraq was far below that, and not even close to Iran and Algeria who were also at the bottom of Arab and Persian countries.

Iraq received its score based upon ten criteria. From highest to lowest ranking, Iraq was 46 out of 183 in getting electricity, 49 out of 183 in paying taxes, 98 for registering property, 120 for dealing with construction permits, 122 for protecting investors, 140 for enforcing contracts, 174 for getting credit, 175 for starting a business, 180 for trading across borders, and 183 out of 183 for resolving insolvency. That placed Iraq’s basic government services and regulations right near the bottom in almost all categories. That situation has not changed for the last six years that the World Bank has been conducting its survey.

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Iraq - Doing Business Empty Re: Iraq - Doing Business

Post by happywelshguy Thu Nov 17, 2011 7:52 pm

If your into statistical info, this would be a good read.

I have to question it's relevance to the RV though, especially (and hopefully) that the RV will be officially announced, Real Soon.

bounce

ClermontThinker wrote:Some might look at this as bad news. Well, in fact, it might not be as bad as it first seems. The good news, I think, is Iraq is "in the game" even though they are in the bottom of the batch.

Let's go RV...


From the World Bank annual report...

Out of 183 countries included in the World Bank report, Iraq was ranked number 164 in ease of doing business. Last year, it was 166, and the year before that 153. Iraq was at the bottom of the Middle East and North Africa in the 2011 findings.
In comparison, Saudi Arabia was number 12, the United Arab Emirates number 33, Israel 34, Qatar 36, Tunisia 46, Oman 49, Kuwait 67, Morocco 94, Jordan 96, Yemen 99, Lebanon 104, Egypt 110, Palestine 131, Syria 134, Iran 144, and Algeria 148. That led to a regional average score of 93. Iraq was far below that, and not even close to Iran and Algeria who were also at the bottom of Arab and Persian countries.

Iraq received its score based upon ten criteria. From highest to lowest ranking, Iraq was 46 out of 183 in getting electricity, 49 out of 183 in paying taxes, 98 for registering property, 120 for dealing with construction permits, 122 for protecting investors, 140 for enforcing contracts, 174 for getting credit, 175 for starting a business, 180 for trading across borders, and 183 out of 183 for resolving insolvency. That placed Iraq’s basic government services and regulations right near the bottom in almost all categories. That situation has not changed for the last six years that the World Bank has been conducting its survey.
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Post by Shabsisdaman Thu Nov 17, 2011 7:54 pm

I think that any word on the business climate of Iraq is welcome news.

Thanks ClermontThinker.

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Post by rick152 Thu Nov 17, 2011 7:55 pm

Thanks CT very good find and also encouraging...rick152

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Iraq - Doing Business Empty Re: Iraq - Doing Business

Post by ClermontThinker Thu Nov 17, 2011 8:35 pm

@Happy

I really dig your optimism...

Go RV !!!





happywelshguy wrote:If your into statistical info, this would be a good read.

I have to question it's relevance to the RV though, especially (and hopefully) that the RV will be officially announced, Real Soon.

bounce

ClermontThinker wrote:Some might look at this as bad news. Well, in fact, it might not be as bad as it first seems. The good news, I think, is Iraq is "in the game" even though they are in the bottom of the batch.

Let's go RV...


From the World Bank annual report...

Out of 183 countries included in the World Bank report, Iraq was ranked number 164 in ease of doing business. Last year, it was 166, and the year before that 153. Iraq was at the bottom of the Middle East and North Africa in the 2011 findings.
In comparison, Saudi Arabia was number 12, the United Arab Emirates number 33, Israel 34, Qatar 36, Tunisia 46, Oman 49, Kuwait 67, Morocco 94, Jordan 96, Yemen 99, Lebanon 104, Egypt 110, Palestine 131, Syria 134, Iran 144, and Algeria 148. That led to a regional average score of 93. Iraq was far below that, and not even close to Iran and Algeria who were also at the bottom of Arab and Persian countries.

Iraq received its score based upon ten criteria. From highest to lowest ranking, Iraq was 46 out of 183 in getting electricity, 49 out of 183 in paying taxes, 98 for registering property, 120 for dealing with construction permits, 122 for protecting investors, 140 for enforcing contracts, 174 for getting credit, 175 for starting a business, 180 for trading across borders, and 183 out of 183 for resolving insolvency. That placed Iraq’s basic government services and regulations right near the bottom in almost all categories. That situation has not changed for the last six years that the World Bank has been conducting its survey.

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Post by skyegale Thu Nov 17, 2011 9:24 pm

and it will continue to stay in this trend or worse without the IQD RV- they've got to do it!
come RV! anyday now..any minute..at God's choosing ~
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Iraq - Doing Business Empty Re: Iraq - Doing Business

Post by 1alaskan Fri Nov 18, 2011 5:04 pm

Yes,



Lots of numbers to plow thru, but news of Iraq "doing business" is always good news.



As they move forward, all the progress within the country along with foreign investment is steps to being a country that needs a currency that is worth more than .00086 to the USD.


Last edited by 1alaskan on Fri Nov 18, 2011 5:05 pm; edited 2 times in total (Reason for editing : spelling)

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Yesterday would have been better, but today is a good day

Remember as always, JMHO
Rantings from just north of sixty

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