Securities offer guarantees to attract capital
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Baghdad: Omar Abdul Latif
The activities of the “World Investor Day” conference were held yesterday, Sunday, organized by the Iraqi Securities Commission, in the presence of a large number of government figures and the private sector, in order to enhance the investment climate and attract national and international capital.
The Chairman of the Securities Commission, Faisal Al-Haims, said in a speech in which he opened the conference held on the occasion of World Investor Day under the slogan “Investing in the financial markets in Iraq between ambition and challenges,” and attended by “Al-Sabah”: The Commission renews its commitment to providing an appropriate environment for investment and protecting the rights of investors. Pointing out that the conference came to promote and attract foreign investments and advance the sustainable local economy, as well as encourage discussions and agreements between the government sector and investors.
He added that investing in financial markets represents an essential pillar in building a strong and sustainable economy for the country, enhances innovation and economic growth and provides many opportunities for investors of different ages and backgrounds.
Al-Haims stated that investing in stocks and bonds can be a reliable way to achieve a sustainable financial return in the long term, noting that the Authority seeks to adopt new and innovative technologies in the national capital market to ensure a safe and transparent investment environment for companies and capital owners, in order to confront the major tremors that the world is witnessing. At the level of money and investment.
He pointed out that the Authority is also committed to continuing to provide supportive packages to help local and foreign companies win investment opportunities in various sectors, explaining: In this area, we have launched a series of ambitious initiatives to establish a permanent work system for the financial markets, including signing a memorandum of understanding to establish the International Center for Finance and Trade and working at a rapid pace. Accelerating for the Authority to become a full member of the International Organization of Securities Commissions (IOSCO).
For his part, Dr. Mazhar Muhammad Saleh, advisor to the Prime Minister, touched on the development road project in his speech, calling it a major strategic project and an investment renaissance at the national, governmental, local and global levels.
Saleh added that the conference presents a new horizon for Iraq that is compatible with the government’s policies in building a promising future, and it is compatible with the government’s strategy in building a project that constitutes the focus of development in the country.
He expressed his hopes that public companies would be transformed into joint stock companies in accordance with the amended Law 22 of 1997, calling for the conference to take this matter into consideration by inviting these companies instead of destroying them in a way that guarantees a market economy, as long as the vision of the state and the government moves towards involving the private sector, after the end of the central mentality. and rentierism for more than half a century. Saleh acknowledged that the gray market constitutes about 60 percent of Iraqi markets.
Edited by: Abdul Rahman Ibrahim
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