Arab World

Warning of Deteriorating Investments in Iraq after Restaurant Attacks

Warning of Deteriorating Investments in Iraq after Restaurant Attacks

Economic expert Nasser Al-Kinani warned about the dangerous deterioration of the security situation in Baghdad and its impact on investments in Iraq. Al-Kinani stated to "Baghdad Today" that "as known, capital is timid, and any deterioration in the security situation through attacks on companies, restaurants, and other foreign institutions will have significant negative repercussions on investment, especially after there was a genuine desire for investment from various companies."

He pointed out that "Iraq has a significant and important investment opportunity, but the deterioration of security conditions will diminish that opportunity and prevent it due to the lack of a stable investment environment, which is more important than any other factors."

It is noteworthy that the capital Baghdad and some Iraqi provinces witnessed nearly 12 attacks on restaurants and foreign institutions supporting Gaza in the past two weeks, attributed to unidentified groups but linked to "resistance factions." Some parties within the coordination framework also supported and endorsed these movements.

Security forces have arrested 11 individuals involved in the attacks under the Anti-Terrorism Law, while the Ministry of Interior is seeking the remaining suspects.

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