The remains of al-Hadba minaret at the Grand al-Nuri Mosque are pictured in the Old City in Mosul, Iraq July 2, 2017. REUTERS/Erik De Castro
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The World Bank's private-sector arm urged international companies Sunday to overcome concerns about funding reconstruction projects in Iraq and seize high-yield investment options in the country. The International Finance Corporation's country manager for Iraq, Ziad Badr, was speaking in Kuwait ahead of an international conference this week for donors and investors to rebuild and revive Iraq's economy as it emerges from a devastating three-year war against Daesh (ISIS). The IFC has about $1.2 billion in investments in different Iraqi ventures including banks, cement plants and telecommunications, and is preparing to announce a $250 million investment in a telecommunication venture, he said.
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