Cabinet approves investment system

BAGHDAD / IraqiNews.com: The Iraqi cabinet on Sunday approved the introduction of the investment system no. 2 of the year 2009, according to a cabinet statement. The investment system includes the tasks and powers of the Iraq National Investment Commission (INIC), according to a statement released by the National Media Center and received by IraqiNews.com news agency. It also tackles the prerogatives given to investors and investment permit procedures, the statement added. SS (P) 1