Home
Experts suggest that the cash mass will be directed to investing in stocks
Economical 05/15/2024
[You must be registered and logged in to see this image.]
Experts expected a positive movement in the trading of the Iraqi stock market for various companies, based on the totality of the facts that the country is witnessing, foremost of which is the difficulty of money leaving Iraq, as it is looking for new investment outlets, and stock trading is one of the most important of these outlets in front of the monetary mass. .
The economic expert, Dr. Saif Al-Halafi: There are real reasons behind the high volume of trading in the Iraqi stock market, the most important of which is the rapid and uncontrolled growth, especially the less expensive real estate financing and purchase sector in Iraq.
He added that the huge inflation in the rise in house prices inside Iraq, which may continue with turbulent growth for a period of no less than three years, which will witness crazy increases in its prices in a way that leads to employing the direction of large capitals, whose owners were unable to export them outside Iraq and direct them to their foreign investments due to the strict... US Federal Reserve procedures and strict control by the US Treasury on all foreign transfers.
He pointed out that we notice that the increasing demand for real estate sometimes heads to major cities such as Baghdad, Erbil, Sulaymaniyah, Najaf, Basra, and Karbala, where the improvement of political and security stability and the abundance of the business world in the private sector contribute, which has had an insane increase in demand for real estate, and in proportions that vary from time to time depending on the strength of the business world. These governorates and the strength of the center of the capital, Baghdad.
Al-Khalafy added that the next stage will indicate the direction of demand, which is witnessing a sharp turn by adding the governorates and cities that fall within the Al-Faw-Umm Qasr axis and the development road, passing through the Nasiriyah cities of Muthanna and joining Baghdad and Mosul. This is attributed to the concentration of the future business world environment in the Al-Faw Basin and the development road, and this is what the power of capital transfer has led to. He
pointed out that there is a noticeable increase in the concentration of these funds in Basra and Baghdad, which has increased pressure on the real estate market, especially Iraq’s urgent annual need for more than 250 thousand housing units annually, pointing to the high inflation rates, which have reached levels exceeding 4.5 percent with the high liquidity rates. And the masses of cash circulating among people and hoarded outside bank depositories,
which the Central Bank, with its record levels of interest rates, were unable to cool the accelerating economy in the housing sector and the insane rise in house prices.
He said: Here the issue lies in a new and exhausting challenge for the central bank in the necessity of raising interest rates to reduce the amount of liquidity pressure and thus curb the accelerating demand for goods and services and cool the rise in house prices in order to reduce prices.
He stated that the problem of Iraq as a flexible and effective economy, as we see there is clarity. In monetary policy and its tools represented by the policies of the Central Bank, but on the contrary we see an almost complete absence in Iraq’s financial policy and its executive tools represented by the government’s ability to impose taxes at multiple and specific levels on those with high monthly financial incomes and on owners of large projects in Iraq. In addition to this is the policy of Imposing duties and customs tariffs on all goods and commodities entering Iraq, with a policy of reducing government spending by supporting and encouraging the private sector and facilitating its mission in creating jobs for young people and the unemployed.
He said: Here we wonder and explain the urgent desires of the Central Bank to raise the ceilings of capital ratios for banks operating in Iraq to 400 billion dinars, which may be followed by the urgent and increasing acceleration in raising the ratios of monetary and credit reserves. These tools have made clear the Central Bank’s desire to cool the accelerating hot economy in the housing sector. And construction, but in light of all this market turmoil in the high levels of cash liquidity with inflation rates and the inability to migrate Iraqi funds abroad, the strong demand for the Iraqi stock market will help, which will be a more likely and safe destination for those funds in order to maintain their monetary strength without... Inflation factors have the ability to reduce its value.
As for the member of the Baghdad Economic Forum, Jassim Al-Aradi, he confirmed that the size of the monetary mass that was directed outside the country has now changed its course to the internal local market, as it targeted real estate and lands, and from there headed to the stock trading market, albeit in a relative manner, but the data indicate that trading in the market Stocks will be their next destination.
He pointed out that many capitalists have come to realize that buying shares makes them owners of a percentage of the company's assets, and these things have encouraged many to buy shares in different joint-stock companies, pointing to the importance of promoting the culture of investing in shares.
He stated that increasing the volume of stock trading reflects the effectiveness of the national economy, anticipating that the coming period will witness a gradual growth in stock trading in terms of number and value.
[You must be registered and logged in to see this link.]
» utube 9/16/24 MM&C Iraq Dinar Update - #xrpripple #iraqidinar - Electronic International Payments
» Details of the American role in preventing Iraq from obtaining a Russian air defense system
» MP gives details on the repercussions of the theft of the century and the leaked recording of Hanoun
» MP warns of US ambassador's moves
» Government stresses the need to develop the air transport sector in Iraq
» Al-Sudani stresses the importance of continuing the work of the Iraq Development Fund according to t
» The Central Bank announces a 15.7% decline in Iraqi exports in the first quarter of this year
» Parliamentary condition for passing the amnesty law.. Who are those covered by the fight against ter
» Al-Sudani confirms the government's intention to purchase services from investors
» In preparation for Al-Sudani's visit... Formation of a high committee in Diyala - Urgent
» The first customs point after the "yellow" between the region and the federation in Diyala
» Misfortunes never come singly.. 15% tax on Facebook in Iraq
» After being almost free... the increase in government transaction fees angers citizens
» Private Banks Association: The number of electronic payment points in Iraq increased from 7 thousand
» Customs: AI to enhance risk management in imports
» Ministry of Foreign Affairs through development: It will be a safe corridor for the transport of goo
» Government plans to impose 15% tax on social media sites
» Low prices.. Parliamentary demands to open the land distribution file to officials
» Parliamentary Finance: Securing Employee Salaries for the Years 2024-2025
» 85% of foreign workers in Iraq have “no useful skills”.. This is what they earn annually
» Foreign labor!
» 100 new investment opportunities
» Expatriate workers transfer $2 billion abroad annually
» Al Sabah Finance Committee: The government has developed a plan to increase financial resources to s
» Water Supply Project in Nineveh Plain
» November.. Iraq offers 100 investment opportunities
» Tips to avoid electronic theft
» Trends towards establishing digital banks
» Al-Sudani chairs the regular meeting of the Board of Directors of the Iraq Development Fund
» Investment Authority: Egyptian companies wish to partner in implementing the development road
» Cryptocurrencies suffer losses of more than 2%
» Slight decrease in dollar exchange rates in Baghdad, Basra and Erbil
» Minister of Electricity to Nina: We have maintained the system without any outage and we will adopt
» American report monitors Turkish-Iranian competition in Iraq
» “Interrogation” is almost absent from the fifth session of Parliament.. The absence of the “Presiden
» After Pezeshkian's visit... Will Iraq help isolated Iran lead a new regional alliance?
» Al-Sudani: Continuing the policy of appointment in the government sector is something the state cann
» After 21 years of change.. Challenges and complications threaten Iraq's democracy
» Severe imprisonment for the director of the customs center at Al-Shaib border crossing in Maysan for
» Planning: The numbering and inventory process will continue until the end of next month
» Baghdad Operations talks about the entry of building materials into the regions
» Basra employees demand salary scale adjustment and threaten to close city entrances and exits
» On the International Day of Democracy, UNESCO sends a message to Iraq
» This is what happened between Al-Sudani and Al-Sadr
» Parliamentary Finance Committee: Employees’ salaries are secured for this year and next year even if
» Parliament awaits a session full of disputes after the inclusion of three controversial laws
» Who is responsible for the entry of building materials into agricultural and residential areas?
» Tax on "social media" to secure funds.. Parliamentary Finance Committee reveals the number of months
» 85% of foreign workers in Iraq have “no useful skills”...and they steal more than $2 billion annuall
» What is the fate of the development road project?
» List of dollar exchange rates in Iraq
» Investigation into the file of renting the Baghdad Airport garage.. Its rental value is not commensu
» shots fired around Trumps golf course while he was playing golf about 2:15 cst today 9/15/24 accordi
» utube 9/12/24 MM&C Iraqi Dinar-#iraqdinar-#xrp-Baghdad-Kurdistan-Historical Meetings-Global Attent
» Government Advisor: E-Governance Application Contributed to Protecting Public Money and Reducing Cor
» At the forefront of which is the Minister of Oil...the wheel of interrogations in Parliament returns
» Iraq and UNAMI discuss mechanisms for implementing Security Council Resolution 2732
» Mr. Al-Hakim: Agriculture can make us independent of oil and reduce dependence on the rentier state
» Algeria establishes a foothold in Iraq's electricity sector
» Ministerial amendments and strengthening the reform program: Al-Sudani’s steps to confront crises
» Economist: The free mass is estimated at 70 trillion dinars and can be invested electronically
» Electricity announces that all its stations will be put under maintenance
» Iraq exports more than two million tons of oil derivatives in 3 months
» Chairman of the Private Banks Association: We have registered more than 13 million accounts and we s
» Government Advisor: These are ways to enhance the great development in the digital payments system i
» Economic Center Calls on the Government to Restructure Airlines and Separate Them from Transportatio
» Al-Sudani: The quadripartite agreement between Iraq, Türkiye, Qatar and the Emirates constitutes the
» Real Estate Bank terminates the assignment of its main branch manager upon his request
» Iraq's oil exports to America rose last week
» Jordan's imports of Iraqi oil decreased by (42%)
» Revealing the most important files that were resolved by the federal government delegation during it
» Tensions are over and goods will be available.. A Kurdish economic view of Pezeshkian’s visit to Erb
» MP: Al-Sudani bears responsibility for obstructing the laws that he withdrew from Parliament
» Al-Sudani snatches the "stay" card from the angry "framework"... and the dispute between them intens
» Al-Sudani: The Iraqi state cannot continue its policy of appointment in the government sector
» Delaying salaries.. Warnings of a “crisis” after two months and the government reassures
» Investment Authority: Opportunities to be presented at the Iraq Forum have completed sectoral approv
» Agriculture clarifies controls on the movement of poultry and its products between governorates
» Religious scholars in Kurdistan: Passing the amendment to the Iraqi Personal Status Law will have ba
» Al-Saabari: Amending the Personal Status Law has become a popular demand
» Baghdad-Ankara Military Agreement... The Terms Go Beyond the Limits!
» Association of Banks: Financial inclusion in Iraq increased by 48.5% during the current year
» Arab Monetary Fund: We are working with Iraq to build national financial strategies
» Prime Minister: We have developed a government program that addresses the real concerns of citizens
» Al-Alaq: 70 digital banks have applied to the Central Bank for a license
» Highlights of Al-Sudani's meeting with Basra dignitaries and farmers
» Al-Sudani: The path of development will transform Iraq into an open country
» Halbousi angry about equipping the Peshmerga with artillery
» Iraq prepares for the upcoming Arab summit
» Iraq imports fruits and vegetables worth $35 million
» Economic Center Calls on the Government to Restructure and Separate Iraqi Airways from the Ministry
» Alsumaria Newsletter: Controversy over laws, deterioration of Baghdad services, and changes in the R
» Oil Minister suffers health problems in the United States
» New York Times: Iraq may receive an Israeli strike... and Baghdad has abandoned its balance
» The dollar continues to rise.. Learn about the exchange rates in the Iraqi markets
» 1000 signatures on the table of 4 parliamentary committees to amend the “Access to Information Law”
» “Money for survival”: Al-Saihoud: Al-Sudani prevented the economics of the parties, so they turned a
» Iraqi banks are in crisis: structural imbalance, double taxation and deep corruption