Home
Iraq and Egypt sign a cooperation protocol to enhance joint work in the financial field
[You must be registered and logged in to see this link.] | [You must be registered and logged in to see this link.]Number of readings: 357
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
[rtl]Baghdad / NINA / The Chairman of the Board of Governors of the Iraq Stock Exchange, Adnan Hashim, signed today, Monday, with the Chairman of the Board of Directors of the Egyptian Stock Exchange, Ahmed Al-Sheikh, a cooperation protocol to enhance joint work between the two countries.
A statement said that "the Chairman of the Board of Governors of the Iraq Stock Exchange, Adnan Hashim, and the Chairman of the Board of Directors of the Egyptian Stock Exchange, Ahmed Al-Sheikh, signed a cooperation protocol between the stock exchanges of the two countries to enhance joint work, in the presence of the Chairman of the Iraqi Securities Commission, Faisal Al-Haimus, and the Vice Chairman of the Egyptian Stock Exchange, Hiba Al-Sayrafi."
The statement added that "the aim of this step is to strengthen the bonds of cooperation and raise the level of coordination between the two parties, increase the prospects for joint work and exchange of expertise and information in all aspects of investment and develop existing legislative procedures for both, in addition to working to increase investment awareness and attract mutual investments between the two countries and direct savings towards investment in securities, as well as support the transition to the digital economy to increase the competitive capabilities of both stock exchanges."
The Chairman of the Iraqi Securities Commission, Faisal Al-Haimus, said: “Signing this protocol represents a vital step towards deepening cooperation between the Iraqi and Egyptian stock markets, which reflects our shared keenness to strengthen economic relations between the two countries.”
He explained that “this agreement aims not only to exchange expertise and information, but also seeks to develop the infrastructure of the financial markets in both countries by adopting the latest technologies and applying the best international practices.”
Al-Haimus added: “We realize that financial markets represent the cornerstone of developing the national economy, and therefore strengthening the partnership between the two markets will directly contribute to achieving sustainable economic growth and attracting foreign investments.”
He continued, “We believe that this protocol will open new horizons for cooperation in various fields, such as financial innovation and the development of new financial products, which will help enhance the competitiveness of both markets.”
Al-Haimus stressed “the Securities Commission’s commitment to providing full support to make this cooperation a success,” noting that “the Commission will work to provide the appropriate regulatory environment to effectively implement the provisions of the protocol.”
He expressed his confidence that "this cooperation will enhance the efficiency of the two markets, increase levels of transparency and disclosure, which will enhance investor confidence and contribute to achieving the goals of joint economic development."
For his part, Chairman of the Board of Governors of the Iraq Stock Exchange (Iraqi Stock Exchange), Thaer Adnan Hashim, said: "The signing of this protocol, which was sponsored by the Chairman of the Securities Commission Faisal Al-Haimus, is an important step towards enhancing joint cooperation between Iraq and Egypt in the field of securities markets."
He continued, "This agreement aims to exchange expertise and information between the two markets, especially with regard to updating the legislation, regulations and procedures related to securities trading."
Hashim explained that "this protocol is an opportunity to develop the infrastructure of the financial markets, increase investment awareness and attract mutual investments between the two countries."
He continued, "We will work to support the transition to the digital economy, enhance the competitive capabilities of both stock exchanges, and encourage capacity building and training between brokerage firms and listed companies."
In turn, the Chairman of the Egyptian Stock Exchange, Ahmed El Sheikh, said: "The protocol aims to develop joint cooperation between the two parties and exchange expertise and information regarding updating legislation, regulations, procedures, work programs and methodologies related to securities trading, as well as exchanging periodic and annual bulletins issued by both stock exchanges, as well as exchanging periodic information related to companies registered and traded in the two markets."
He added: "We are working to provide the basic information that investors in both countries need to increase mutual investments in the two stock markets."
He continued by saying: "The two parties will discuss mechanisms to support and diversify the financial products available to investors and increase liquidity in both markets."
He pointed out that "the two parties will work to encourage capacity building and training between brokerage firms and companies listed on the two stock exchanges in a way that serves the goals of spreading awareness and exchanging expertise."
El Sheikh explained that "signing this protocol comes within the framework of implementing Article (58) of the Egyptian Stock Exchange's development strategy, which falls under the sixth axis related to (promoting and spreading financial culture, training and international relations)." / End of p[/rtl]
A statement said that "the Chairman of the Board of Governors of the Iraq Stock Exchange, Adnan Hashim, and the Chairman of the Board of Directors of the Egyptian Stock Exchange, Ahmed Al-Sheikh, signed a cooperation protocol between the stock exchanges of the two countries to enhance joint work, in the presence of the Chairman of the Iraqi Securities Commission, Faisal Al-Haimus, and the Vice Chairman of the Egyptian Stock Exchange, Hiba Al-Sayrafi."
The statement added that "the aim of this step is to strengthen the bonds of cooperation and raise the level of coordination between the two parties, increase the prospects for joint work and exchange of expertise and information in all aspects of investment and develop existing legislative procedures for both, in addition to working to increase investment awareness and attract mutual investments between the two countries and direct savings towards investment in securities, as well as support the transition to the digital economy to increase the competitive capabilities of both stock exchanges."
The Chairman of the Iraqi Securities Commission, Faisal Al-Haimus, said: “Signing this protocol represents a vital step towards deepening cooperation between the Iraqi and Egyptian stock markets, which reflects our shared keenness to strengthen economic relations between the two countries.”
He explained that “this agreement aims not only to exchange expertise and information, but also seeks to develop the infrastructure of the financial markets in both countries by adopting the latest technologies and applying the best international practices.”
Al-Haimus added: “We realize that financial markets represent the cornerstone of developing the national economy, and therefore strengthening the partnership between the two markets will directly contribute to achieving sustainable economic growth and attracting foreign investments.”
He continued, “We believe that this protocol will open new horizons for cooperation in various fields, such as financial innovation and the development of new financial products, which will help enhance the competitiveness of both markets.”
Al-Haimus stressed “the Securities Commission’s commitment to providing full support to make this cooperation a success,” noting that “the Commission will work to provide the appropriate regulatory environment to effectively implement the provisions of the protocol.”
He expressed his confidence that "this cooperation will enhance the efficiency of the two markets, increase levels of transparency and disclosure, which will enhance investor confidence and contribute to achieving the goals of joint economic development."
For his part, Chairman of the Board of Governors of the Iraq Stock Exchange (Iraqi Stock Exchange), Thaer Adnan Hashim, said: "The signing of this protocol, which was sponsored by the Chairman of the Securities Commission Faisal Al-Haimus, is an important step towards enhancing joint cooperation between Iraq and Egypt in the field of securities markets."
He continued, "This agreement aims to exchange expertise and information between the two markets, especially with regard to updating the legislation, regulations and procedures related to securities trading."
Hashim explained that "this protocol is an opportunity to develop the infrastructure of the financial markets, increase investment awareness and attract mutual investments between the two countries."
He continued, "We will work to support the transition to the digital economy, enhance the competitive capabilities of both stock exchanges, and encourage capacity building and training between brokerage firms and listed companies."
In turn, the Chairman of the Egyptian Stock Exchange, Ahmed El Sheikh, said: "The protocol aims to develop joint cooperation between the two parties and exchange expertise and information regarding updating legislation, regulations, procedures, work programs and methodologies related to securities trading, as well as exchanging periodic and annual bulletins issued by both stock exchanges, as well as exchanging periodic information related to companies registered and traded in the two markets."
He added: "We are working to provide the basic information that investors in both countries need to increase mutual investments in the two stock markets."
He continued by saying: "The two parties will discuss mechanisms to support and diversify the financial products available to investors and increase liquidity in both markets."
He pointed out that "the two parties will work to encourage capacity building and training between brokerage firms and companies listed on the two stock exchanges in a way that serves the goals of spreading awareness and exchanging expertise."
El Sheikh explained that "signing this protocol comes within the framework of implementing Article (58) of the Egyptian Stock Exchange's development strategy, which falls under the sixth axis related to (promoting and spreading financial culture, training and international relations)." / End of p[/rtl]
[rtl][You must be registered and logged in to see this link.]
[/rtl]
[/rtl]
» utube 9/7/24 MM&C Iraq Dinar-#Iraqidinar-#XRP-Open MarkOperations-OMO-Currenc
» Parliamentary Committee Points to a “Dysfunction” in Customs Work: Their Talk Is Repeated... and The
» Prime Minister's Advisor: Central Bank Decisions Contribute to Reducing Inflation Rates in the Count
» Commerce announces the launch of the electronic payment service for import license fees and export I
» Government advisor announces platform to grant project establishment licenses and reduce raw materia
» Omani industrial exports to Iraq jump in 8 months
» Al-Sudani: We are proceeding with digitization and electronic transformation processes in various se
» Prime Minister's Office Announces Launch of Application Form for Robotics and Artificial Intelligenc
» Iraqi Oil Ministry responds to letter from US Congress members to President Biden
» Three-pronged government plan for tax reform
» Currency Auction.. The Central Bank of Iraq sells more than 254 million in one day
» The Ministry of Oil responds to the "slander" of American representatives: We do not escape or mix,
» The Ministry of Planning follows up on the implementation stages of the Nasiriyah International Airp
» Jordan's exports to Iraq rise over the past eight months
» Preserving freedoms is our identity and the depth of our strategy
» Settling the controversy over the mechanism for burying the bodies of "terrorists" in Iraq - Urgent
» Al-Sudani: The government is proceeding with digitization and electronic transformation of various s
» Expert reveals details of Iraqi oil smuggling route: This is its price - Urgent
» Suez Canal is no longer safe.. Expert advises exporting Iraqi oil via Ceyhan, Turkey - Urgent
» Al-Karkh Health / The Organizing Committee of the Twelfth Annual Scientific Conference for Laborator
» Al-Sudani's government in a difficult situation... No US withdrawal and negotiations sought to "calm
» MP: Amnesty law gives public money thieves the right to commit their crimes with impunity
» Economic recession hits Anbar, and rising unemployment and theft threaten its stability
» Kurdistan Finance: “My Account” banking system provides loans worth 15 million dinars to employees
» For disbursing agricultural loans.. Severe imprisonment for the former manager of the Agricultural B
» The meeting of the Iraqi Economic Council delegation with the Kurdistan Regional Government begins
» Leaks about the US withdrawal from Iraq are a "painkiller" and a maneuver to support "Harris" and Al
» With 15 million.. Kurdistan Finance: "Hisabi" system will provide loans to employees
» Government advisor outlines financial gains from merger of National and Iraqi insurance companies
» Judge Hanoun: We are continuing the file of recovering money and corrupt people from abroad
» Minister of Transport receives his Egyptian counterpart at Baghdad International Airport
» Iran's exports to Iraq reach $4.5 billion in 5 months
» Central Bank of Iraq announces comprehensive banking reform map
» Dollar prices stabilize in Baghdad markets
» Minister of Labor: Student grant will return with the start of the school year
» Government Advisor: We are working on developing a tax system that is attractive to investors
» Baghdad Provincial Council: This is what hinders the implementation of generator pricing
» International conference on Al-Hol camp
» Integrity: We are continuing the file of recovering funds and corrupt people from abroad
» Chasing {rumor accounts} on social media
» Resuming the promotion of terrorism victims’ transactions
» 16 Guidelines for Developing Electronic Payment Services
» Correcting the position of foreign workers in Najaf
» Labor completes procedures for launching the 43rd batch of soft loans
» 67 billion shares traded in the stock market
» Telecommunications activity economically
» Sudden security tightening at the largest US military bases in Iraq - Urgent
» Sources to Baghdad Today: Iranian President to arrive in Baghdad next Wednesday
» The Syndicate of Journalists in the Region on the Closure of the “Jawdir” Foundation: It Contradicts
» Planning reveals the estimated percentage of the population of Iraq - Urgent
» Judge Zidane receives the Chargé d'Affaires of the German Embassy
» A high-level government delegation arrives in Erbil to discuss issues of ports, taxes and checkpoint
» Advisor to Al-Sudani: There is no salary crisis, these are just rumors to raise concerns
» The Ministerial Council for Economy reveals details of its meeting tomorrow, Sunday, in Erbil
» How likely is it to raise taxes to cover the deficit? A government advisor answers
» Iraqi Ministry of Finance: Salaries are financed according to available liquidity
» He will sign an agreement with Iraq.. The Iranian President will visit Baghdad in mid-September
» In parallel with the theft of the century, a deputy exposes a new waste in the name of “the theft of
» Washington blows up the withdrawal hypothesis...the government remains silent
» British report: Washington plans a long stay in Iraq
» “Fake garages” in Iraq.. Extortion of vehicle owners by subsidized parties
» Minister of Finance settles controversy over delay in paying employees’ salaries
» Labor confirms the continuation of the student grant and it will return at the beginning of the scho
» The Prime Minister directs, through the “Homeland and People” program, the service effort to enter t
» Iraq's oil exports to the US rose last week
» Green continues above the 150,000 threshold
» Morning list of dollar prices in Iraqi stock exchanges today
» Parliamentary demands to amend the paragraphs of the Provincial Councils Law.. What are the reasons?
» They want to be rewarded for not receiving a salary.. Education contracts are piling up in front of
» A large ministerial delegation will visit the region tomorrow to discuss crucial files and issue imp
» Iraq's Judiciary Under Fire: An Organized Campaign Threatens the Fortress of Justice
» The Ministry of Interior reveals to Al-Maalouma international coordination to pursue drug smugglers
» Central Bank of Iraq records more than $1 billion in currency sales in a week
» Al-Sudani launches executive works on 3 combined cycle projects in the electricity sector
» We monitored the financial allocations to develop all sectors.. Al-Sudani: The energy file represent
» Absent for (10) months.. Parliament fails to decide on the position of "President"
» Iraq's losses amount to $19 billion due to the suspension of oil exports.. Crisis in restarting the
» Minister of Electricity: Operation of the Iraqi-Gulf energy connection will be at the end of the yea
» Al-Sudani announces reaching final understandings to implement a project to produce 10,000 megawatts
» Is Iraq heading towards a salary crisis? An economic expert explains!
» Minister of Justice follows up on digital transformation steps in the ministry
» After "transgressing" the legislative authority, MP Hassan Al-Khafaji is threatened with the withdra
» Alsumaria's most prominent files in the afternoon bulletin: the withdrawal of the international coal
» Court of the Century: Courage in the Shadow of Silence
» US Institute: Washington must stop exchanging intelligence with Baghdad after eavesdropping scandal
» MP: Foreign interference in personal status law is unacceptable
» Bad news for employees in Iraq.. A salary crisis is looming
» During a month.. The Iraqi Stock Exchange trades 67 billion shares worth 43 billion dinars
» Iraq announces increase in investment volume to $69 billion in a year and a half
» The truth about stopping the payment of salaries of 7 thousand Peshmerga members
» Trump Family Cryptocurrency Project Promises to 'Ensure US Dollar Dominance'
» Within 6 months.. Jordan exports 37 gigawatts of electricity to Iraq
» Completion of drilling the first multi-section oil well in Baghdad
» Civil Status, Residence and Passports: Electronic Passport Factory to be Opened in Baghdad
» The Ministerial Council for Economy announces holding its next session in the Kurdistan Region
» A slight decrease in the dollar exchange rates in Baghdad, Basra and Erbil
» Interior: More than 40 million Iraqis have obtained the unified national card
» Protected by "influential parties" or "paying bribes" .. "unlicensed" stores selling alcoholic bever