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The Iraqi Banking Sector and the Extent of its Contribution to Attracting Foreign Direct Investment

المصدر: مجلة القادسية للعلوم الإدارية والاقتصادية
الناشر: جامعة القادسية - كلية الادارة والاقتصاد
المؤلف الرئيسي: Al-Zubaidi, Muhammad Nima (Author)
مؤلفين آخرين: Khudair, Jinan Muhammad (Co-Author)
المجلد/العدد: مج23, ع4
محكمة: نعم
الدولة: العراق
التاريخ الميلادي: 2021
الصفحات: 194 - 202
ISSN: 1816-9171
رقم MD: 1235352
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
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المستخلص: The banking sector is an essential and important pillar in the growth of the Iraqi economy and the attraction of foreign direct investment. The banking sector consists of the central bank, which is the backbone of the sector and controls all laws and regulations and controls monetary policy. It also consists of commercial, governmental, Islamic and foreign banks. The research aims to review the reality of the Iraqi banking sector and clarify Its indicators and the possibility of advancing the reality and theoretical and conceptual framing of foreign direct investments, reviewing its reality and indicators, and knowing the relationship between the work of the banking sector and the contribution to attracting foreign direct investments direct. The research methodology relied on the descriptive and analytical method, reviewing and analyzing the indicators and data available in this regard to determine the relationship between the work of the banking sector and the attraction of foreign direct investment. The research reached a set of conclusions, which are 1- The banking sector needs to develop a currency mechanism to keep pace with regional and international developments 2- The political, economic and security conditions have clearly affected the working mechanism of the banking sector The most important recommendations that came out of the research are: 1- The need for the Central Bank to amend the investment law and put some paragraphs that contribute to attracting foreign direct investment, such as reducing the size of taxes and giving more incentives to investors. 2- The need to provide security for companies and financial institutions that invest in Iraq and to provide legal cover to protect investors

ISSN: 1816-9171