Iraq Allocates $85m to Boost Public Companies

The Iraqi government has allocated 100bn IQD ($85m) from the 2012 budget to kick start loss-making state-owned companies and make them profitable, according to AKnews.

A committee member with responsibility for companies development, Mohammed al-Jabri said: "The Iraqi government is serious in dealing with economic problems facing non-profitable companies and in finding practical alternatives to borrowing from state banks."

(Source: AKnews)


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