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Iraq: Economy Recovering, Iraqi Property Market Booming
Economy Watch ^ | January 22, 2010 | Keith Timimi

Posted on 06/11/2014 11:02:15 AM PDT by Obama_Is_Sabotaging_America

Baghdad, 17 Sep. The economy of Iraq is slowly starting to recover after years of war and instability.

The International Monetary Fund (IMF) has loaned Iraq $746.3 million to aid in the rebuilding of the war-torn nation. It has approved its first review of the country’s economic progress, as stipulated by the loan. The IMF said that Iraq’s economic success largely depends on its ability to maintain security, its reform policies, and how it looks after its oil revenue.

One example of economic progress in the country is I-BIZ (Iraqi Business and Industrial Zone), initiated by the US Army Corps of Engineers and Multi-National Corps-Iraq (MNC-I). This is a program designed to ensure sustained security, develop various skills, and provide opportunities to Iraqi firms to receive US contracts.

Students at I-BIZ learn plumbing, carpentry, and electrical work – which the country needs more of if it is going to rebuild. Other businesses at I-BIZ include metal shops, mechanics, retailers, asphalt and cement, and construction. One facility includes a concrete production plant, a rock-crushing plant to produce gravel, a skills training area, a contracting office, and a shipping and receiving yard. In addition to developing Iraqi skills and productivity, the facility is given work by the US government. This is a cheaper alternative for the US government.

(Excerpt) Read more at economywatch.com ...


TOPICS: Foreign Affairs; Front Page News; News/Current Events; War on Terror
KEYWORDS: bush; economy; iraq; obama
Ooops, sorry! This is OLD news, back when Iraq was relatively stable, thanks to Bush and our brave troops.. Back BEFORE the Obamadullah administration got their hands on it and WRECKED IT.
1 posted on 06/11/2014 11:02:15 AM PDT by Obama_Is_Sabotaging_America
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To: Obama_Is_Sabotaging_America

Yeah, love the see the property appreciation rates in Mosul today.


2 posted on 06/11/2014 11:03:24 AM PDT by AU72
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To: Obama_Is_Sabotaging_America
..Iraqi Property Market Booming

That's gunfire and RPGs......................

3 posted on 06/11/2014 11:08:12 AM PDT by Red Badger (Soon there will be another American Civil War. Will make the first one seem like a Tea Party........)
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To: Obama_Is_Sabotaging_America
Here's the CURRENT situation:

Iraq in 2014: Back to civil war?

Multiple bombings target Kurds in Iraq

Iraq city of Tikrit falls to ISIL fighters

Iraq crisis: Islamists force 500,000 to flee Mosul

Blah, blah blah blah... Nice work, Obama!

4 posted on 06/11/2014 11:08:34 AM PDT by Obama_Is_Sabotaging_America
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To: Obama_Is_Sabotaging_America

Who writes this drivel?


5 posted on 06/11/2014 11:17:01 AM PDT by Nachum (Obamacare: It's. The. Flaw.)
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To: Obama_Is_Sabotaging_America

U.S. Economy Booming !!

OOOOPS. I had a dream and thought Ronald Reagan was still President :)


6 posted on 06/11/2014 11:28:14 AM PDT by SeekAndFind
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To: Obama_Is_Sabotaging_America

Well played. It will take a miracle for Iraq to survive now. Barring that, the best we can hope for is Iran to step in.


7 posted on 06/11/2014 12:42:09 PM PDT by demshateGod (The fool hath said in his heart, There is no God.)
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To: demshateGod

Beheadings extravaganza in Iraq right now.


8 posted on 06/11/2014 4:00:18 PM PDT by Obama_Is_Sabotaging_America
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