Once the oil law in that country finally gets passed — determining which companies get the oil contracts and concessions — a whole other industry of opportunity will also evolve. It can’t be forgotten that Iraq’s oil reserves make it a very wealthy nation. Indeed, many believe that is why the U.S. got in the war there to begin with (although that seems curious now).
In any event, the most immediate question for armchair investors is going to be what happens with the dinar once Iraq is left to govern on its own.
Impact investors have a slew of other investment considerations. Impact investors typically seek to make private investments in social enterprises that aim to do good and provide a financial return. In Iraq private-education facilities, water purification and delivery systems, and “carbon filtering” are a few examples of the types of enterprises that could be borne out of the war.
In fact, there may be no better place to showcase the power of investing for good than in Iraq. After all, the U.S. engaged in nation building — and has now left the building to others. Why not make it sustainable? Where else in the world are there opportunities to build governance systems, infrastructure, and enterprises from the ground up?
As for state of affairs across the EU, German Chancellor Angela Merkel said there is "no quick fixing" the debt crisis, which further prolonged negative sentiments in European markets amid repeated warnings by credit rating agencies of possible further reductions in EU member states.
Low-yield currencies, especially the US dollar, are still attractive to investors amid fears regarding the EU crisis and the effect it would ultimately have on the European economies and global economy. This comes as EU banks remain under pressure by regulators regarding capital which stands to impact and curb regional and global economic growth. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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