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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

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    The Securities Commission signs an important agreement with IFC...with these details

    Rocky
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    The Securities Commission signs an important agreement with IFC...with these details Empty The Securities Commission signs an important agreement with IFC...with these details

    Post by Rocky Wed 12 Jun 2024, 3:01 pm

    The Securities Commission signs an important agreement with IFC...with these details
    • Time: 06/12/2024 16:23:47
       
    • Read: 1,131 times

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    {Economic: Al-Furat News} Today, Wednesday, the Iraqi Securities Commission signed an environmental, social and corporate governance guide agreement with the International Finance Corporation (IFC) (an organization affiliated with the World Bank).
    A useful summary of important news can be found on the Al-Furat News channel on Telegram. [You must be registered and logged in to see this link.]
    The authority stated in a statement, a copy of which {Al-Furat News} received, that: “The aim of the agreement is to enhance and develop the investment environment in Iraq by improving environmental, social and governance regulations and frameworks to comply with international standards, enhancing the ability to implement and supervise their implementation in Iraq and contributing to increasing attractiveness.” Investment in the Iraqi Stock Exchange environment. 
    She added, "To achieve this goal, there will be coordination with the Iraq Stock Exchange through the supervision of the Iraqi Securities Commission to develop an environmental, social, and corporate governance guide to support improving the performance of listed companies, and put Iraq on the path towards a strong and sustainable economy, as the agreement included a mechanism for arriving at a mandatory guide for implementation." On companies listed on the Iraqi Stock Exchange.
    The head of the authority, Faisal Al-Haims, said, “Preparing a social, environmental, and corporate governance guide through a partnership with the International Finance Corporation improves the Iraqi investment environment by adopting international standards that develop the current investment environment in the Iraqi Stock Exchange. Following the environmental and social governance framework Corporate governance makes companies listed on the Iraqi Stock Exchange more transparent, better performing, and more attractive to foreign investments.”
    He stated that "the subject of environmental, social and corporate governance will be one of the axes of the national strategy for investment awareness and supporting the investment culture that the Authority is working to achieve and will be announced on October 1 of this year." 
    For his part, Aftab Ahmed, IFC Regional Director for the Middle East, Pakistan and Afghanistan, said, “We are excited to partner with the Iraqi Securities Commission in this important initiative that aims to help companies and banks mitigate the risks of environmental, social and governance practices, and improve performance in the long term.” Sustainably, in addition to attracting investment and contributing to the sustainable growth of the stock market in Iraq.”
    He pointed out that "during the process of preparing the guide, there will be workshops and meetings with relevant parties such as listed companies and brokerage companies." 
    The Iraqi Securities Commission, as the regulating and monitoring body for securities activity and related activities and financial services, seeks to increase the contribution of this sector to the gross domestic product and provide an investment environment that protects the rights of investors and other stakeholders.
     
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