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GULF 14H AGO Source: Saudi Gazette

Iraqi PM to take business leaders on US visit to boost investment ties

BAGHDAD — Iraqi Prime Minister Ali Falih Al-Zaidi said on Saturday that a delegation of business leaders will accompany him on an upcoming official visit to the United States.According to a statement published on the prime minister’s official website, Al-Zaidi made the remarks during a meeting with business leaders, representatives of private-sector development organizations, members of the Iraqi Economic Council and heads of private banks.“We have an upcoming official visit to the United States, and we will take with us a number of business leaders to expand opportunities for joint investment and economic cooperation,” Al-Zaidi said.The prime minister described the private sector as a key partner in Iraq’s development agenda, stressing the government’s support for its role in driving economic growth.He said the government remains open to proposals and concerns raised by the business community and pledged to combat corruption and extortion in all forms.Al-Zaidi also announced plans to establish a development fund to support the private sector, revealing that it would receive a $10 billion contribution from the Central Bank of Iraq.He said Iraqi citizens would be able to subscribe to the fund and that profits generated through it would be exempt from taxes.

Iraqi PM to take business leaders on US visit to boost investment ties
BAGHDAD — Iraqi Prime Minister Ali Falih Al-Zaidi said on Saturday that a delegation of business leaders will accompany him on an upcoming official visit to the United States.According to a statement published on the prime minister’s official website, Al-Zaidi made the remarks during a meeting with business leaders, representatives of private-sector development organizations, members of the Iraqi Economic Council and heads of private banks.“We have an upcoming official visit to the United States, and we will take with us a number of business leaders to expand opportunities for joint investment and economic cooperation,” Al-Zaidi said.The prime minister described the private sector as a key partner in Iraq’s development agenda, stressing the government’s support for its role in driving economic growth.He said the government remains open to proposals and concerns raised by the business community and pledged to combat corruption and extortion in all forms.Al-Zaidi also announced plans to establish a development fund to support the private sector, revealing that it would receive a $10 billion contribution from the Central Bank of Iraq.He said Iraqi citizens would be able to subscribe to the fund and that profits generated through it would be exempt from taxes.
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