Hamoudi: Investment Law is of great importance in supporting the national economy


BAGHDAD / Sky Press: Deputy Chairman of the House of Representatives Hamoudi, Tuesday, the need to accelerate the adoption of the investment law, pointing to the importance of law in the activation of the national economy.

He said Hamoudi's office in a statement received "Sky Press," that "the Presidency of the Council of Representatives member Hamoudi discuss new amendments to the investment out Rezin law a law that guarantees the rights of all and aims to promote and stimulate economic and human resources in Iraq, presided over the meeting with the Committee on Economy and Investment Parliamentary investment in the presence of Sami al-Araji body. "

Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices, the global stock market, below $ 48 a barrel, after it was $ 110.

Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in lower prices, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers' salaries 50%.