Finance lift restrictions on frozen funds for Zain Iraq, Iraqna 12-26
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Thread: Finance lift restrictions on frozen funds for Zain Iraq, Iraqna 12-26


    
  1. #1
    Moderator Loopback's Avatar
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    Finance lift restrictions on frozen funds for Zain Iraq, Iraqna 12-26



    Finance lift restrictions on frozen funds for Zain Iraq, Iraqna

    Business & Finance

    Economy News / Baghdad ...

    The Ministry of Finance announced on Monday it had lifted restrictions on the frozen funds for Zain Iraq, Iraqna.

    Said Undersecretary of the Ministry of Finance Fadel Prophet in an interview, "The ministry lifted restrictions on the frozen funds for Zain Iraq, Iraqna, based on the Cabinet decision issued earlier."

    He added that the Prophet, "the company had settled the lawsuit tax imposed on it."

    The lifting of restrictions on the frozen funds of the company, it will be there to raise the shares of Zain Iraq and bank accounts that were frozen by the Iraqi government.

    mm

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  2. #2
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    Re: Finance lift restrictions on frozen funds for Zain Iraq, Iraqna 12-26

    Good stuff Loop. The case involved over $187 million and reduced back to $94 million paid (all tax related). This will allow Zain to trade freely without imposed restrictions. Thanks

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