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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Establishment of an Iranian Commodity Exchange in Iraq

    Rocky
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    • Post n°1

    Establishment of an Iranian Commodity Exchange in Iraq Empty Establishment of an Iranian Commodity Exchange in Iraq

    Post by Rocky Tue Jul 30, 2019 3:45 am

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    Establishment of an Iranian Commodity Exchange in Iraq


    July 29, 2019 - 4:47 PM 
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    Follow / step Press
    Iran and Baghdad have signed a memorandum of understanding on cooperation between the two countries, including the establishment of an Iranian stock exchange in Iraq, with the aim of boosting bilateral trade, the official Fars News Agency reported Monday.
    The signing ceremony was held in Tehran today between the chairman of the Iranian Stock Exchange, Shabor Mohammadi, and the head of the Iraqi Securities Commission, Alaa Abdul Hussein Al Saadi.
    The Chairman of the Securities Commission, said that with the conclusion of the agreement, the exchange of information and experience with Iran, will be done in a specialized and advanced.
    For his part, Mohammadi said that the memorandum, together with the establishment of a stock exchange, aims to launch mutual funds, without revealing more details.
    The official added that the unification of the legal system of the Iranian and Iraqi capital market is one of the items of the memorandum, which will be followed by a joint committee.


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    Rocky
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    • Post n°2

    Establishment of an Iranian Commodity Exchange in Iraq Empty Establishment of a branch of the Iranian Commodity Exchange in Iraq

    Post by Rocky Tue Jul 30, 2019 4:29 am

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    [size=52]Establishment of a branch of the Iranian Commodity Exchange in Iraq[/size]

    [size=45]Iraq and Iran agreed to establish joint investment funds and a branch of the Iranian Commodity Exchange in Iraq.
    [size=45]"The conclusion of a memorandum of cooperation with Iraq is one of its main objectives is to establish joint investment funds ... and to unify the legal system of the Iranian and Iraqi capital market," the Iranian Fars news agency quoted the head of the Iranian bourse organization, Shaabur Mohammadi, as saying. "The memorandum also includes the establishment of a branch of the Iranian Commodity Exchange in Iraq, and the creation of an export and import base of goods through this exchange, as well as providing legal and technical advice on the capital market."[/size]
    [size=45]Mohammadi explained that the memorandum "will be followed by a joint committee." "The exchange of information and experience with Iran will take place in a specialized and advanced manner," said Alaa Al-Saadi, chairman of the Securities Commission.[/size]
    [size=45]"The memorandum is a major step towards cooperation between the two countries and will contribute to the bilateral economic dealings," the agency quoted Iraqi ambassador to Tehran Saad Jawad Kandil as saying.[/size]
    [size=45]Washington, in mid-June, renewed the exemption for Iraq to continue to buy electricity from Iran for three more months, although Iraq was not included in the list of the eight countries excluded from the second US sanctions package on Tehran. Baghdad and Tehran have close political, economic, trade and security ties, while the two countries, together with Syria and Russia, formed the four-year security cooperation center, which was set up in 2015 to discuss and strengthen counterterrorism cooperation. The Supreme Council of Free Trade Zones of Iran concluded a memorandum to develop bilateral cooperation with the Union of Exporters and Importers in the Kurdistan region of Iraq, in the past 11. Iran's special economic zones export about $ 20 billion a year, according to former production, export and technical assistant to the secretariat of the Supreme Council for Trade Zones[/size]


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