Kuwait, Iraq Investment Possibility
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Kuwait, Iraq Investment Possibility
Shilo Wed Feb 10, 2010 4:44 pm
February 10, 2010 · Posted in NEWS
Wednesday, February 10th 2010 1:23 PM
Baghdad, Feb. 10 (AKnews) - Kuwait should be cautious in taking any action concerning the proposal on investing in Iraq, instead of collecting compensation for damages caused by the invasion, MP Dr Daifallah Buramiya said Tuesday.
Claiming the Kuwaiti government has started writing off the Iraqi debts under the pretext of investing in Iraq, Buramiya argued the government is aware that security is one of the deciding factors for investment in any country. He wondered why the Kuwaiti government seems keen on investing in Iraq despite the worsening security situation in the country.
He went on to say that even in case the security situation in Iraq stabilizes, it is still not feasible to invest in the country due to lack of trust as Iraq does not recognize international conventions and agreements. He asserted the greediness of Iraq was apparent not only during the reign of Saddam Hussein, but also during the tenure of his predecessors who tried to occupy Kuwait.
Buramiya stressed the government should not use public money according to its whims and it has no right to agree on the cancellation of debts in favor of investments without obtaining approval from the National Assembly. He said the government’s insistence to handle the Iraqi debts on its own is a clear manifestation of its outright disregard of the Parliament.
ma/gs AKnews
http://www.aknews.com/en/aknews/2/113045
Wednesday, February 10th 2010 1:23 PM
Baghdad, Feb. 10 (AKnews) - Kuwait should be cautious in taking any action concerning the proposal on investing in Iraq, instead of collecting compensation for damages caused by the invasion, MP Dr Daifallah Buramiya said Tuesday.
Claiming the Kuwaiti government has started writing off the Iraqi debts under the pretext of investing in Iraq, Buramiya argued the government is aware that security is one of the deciding factors for investment in any country. He wondered why the Kuwaiti government seems keen on investing in Iraq despite the worsening security situation in the country.
He went on to say that even in case the security situation in Iraq stabilizes, it is still not feasible to invest in the country due to lack of trust as Iraq does not recognize international conventions and agreements. He asserted the greediness of Iraq was apparent not only during the reign of Saddam Hussein, but also during the tenure of his predecessors who tried to occupy Kuwait.
Buramiya stressed the government should not use public money according to its whims and it has no right to agree on the cancellation of debts in favor of investments without obtaining approval from the National Assembly. He said the government’s insistence to handle the Iraqi debts on its own is a clear manifestation of its outright disregard of the Parliament.
ma/gs AKnews
http://www.aknews.com/en/aknews/2/113045
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