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[size=36]Iraq participates in the annual conference of the European and Asian Capital Markets Association[/size]
Economie| 11:38 - 13/11/2021
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Baghdad - Mawazine News
Chairman of the Securities Commission, Faisal Al-Haymes, participated in the annual conference of the Association of European and Asian Capital Markets, held in Yerevan, capital of the Republic of Armenia.
The head of the Securities Commission said in a speech he delivered during the conference, which was followed by / Mawazine News /, that "organizing such conferences creates a great environment for the development witnessed by the stock markets at the regional and global levels in light of the technology boom of financial services, which is reshaping the structure of various business sectors." It radically changed the way investors work within stock exchanges and trade in securities.”
He pointed out that "the authority has made important achievements during this year to enhance its position as an ideal destination in the markets, by launching trading on 8 companies that were suspended, and increasing trading hours that doubled the number of investors, in addition to the value of trades, which amounted during the second half of this year to 378 billion." dinars compared to 17 billion dinars for the same period last year, and the traded shares increased to 373 billion shares, compared to 24 billion shares during the second quarter of last year, an increase of 1393% with the establishment of a mechanism to protect investor data and encrypt their information and prevent its leakage.
The head of the authority stressed, "Continue to work alongside all government agencies in Iraq to contribute to achieving the goals of the vision set by the new administration of the authority over the next four years by strengthening the concept of trading in securities and supporting the national economy."
He continued, "We are working to establish the Custodian of the Two Holy Mosques Bank because of its positive financial and economic effects that will enhance the work of the stock market operating in Iraq, in addition to providing safety for investors, especially foreign ones, as well as increasing investment portfolios."
The head of the commission met with the Armenian Minister of Economy, Han Karupian, and the President of the European-Asian Federation for Capital Markets, Dr. Mohamed Salah Farid. The conference discussed revitalizing the financial market sector in the Asian and European regions and the possibility of providing low-cost financing to member states through money markets instead of traditional financing methods. Ended 29/B88
The head of the Securities Commission said in a speech he delivered during the conference, which was followed by / Mawazine News /, that "organizing such conferences creates a great environment for the development witnessed by the stock markets at the regional and global levels in light of the technology boom of financial services, which is reshaping the structure of various business sectors." It radically changed the way investors work within stock exchanges and trade in securities.”
He pointed out that "the authority has made important achievements during this year to enhance its position as an ideal destination in the markets, by launching trading on 8 companies that were suspended, and increasing trading hours that doubled the number of investors, in addition to the value of trades, which amounted during the second half of this year to 378 billion." dinars compared to 17 billion dinars for the same period last year, and the traded shares increased to 373 billion shares, compared to 24 billion shares during the second quarter of last year, an increase of 1393% with the establishment of a mechanism to protect investor data and encrypt their information and prevent its leakage.
The head of the authority stressed, "Continue to work alongside all government agencies in Iraq to contribute to achieving the goals of the vision set by the new administration of the authority over the next four years by strengthening the concept of trading in securities and supporting the national economy."
He continued, "We are working to establish the Custodian of the Two Holy Mosques Bank because of its positive financial and economic effects that will enhance the work of the stock market operating in Iraq, in addition to providing safety for investors, especially foreign ones, as well as increasing investment portfolios."
The head of the commission met with the Armenian Minister of Economy, Han Karupian, and the President of the European-Asian Federation for Capital Markets, Dr. Mohamed Salah Farid. The conference discussed revitalizing the financial market sector in the Asian and European regions and the possibility of providing low-cost financing to member states through money markets instead of traditional financing methods. Ended 29/B88
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