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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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    Iraq signs strategic agreement to modernize trading mechanisms in cooperation with an Egyptian compa

    Rocky
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    Iraq signs strategic agreement to modernize trading mechanisms in cooperation with an Egyptian compa Empty Iraq signs strategic agreement to modernize trading mechanisms in cooperation with an Egyptian compa

    Post by Rocky Wed 14 Aug 2024, 6:46 am

    Iraq signs strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company

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    Economy News - Baghdad
    The Iraq Stock Exchange announced today, Wednesday, the signing of a strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company.
    A statement by the Iraqi Stock Exchange received by "Al-Eqtisad News" stated, "In a step aimed at developing and improving the investment environment in Iraq, and under the auspices of the Iraqi Securities Commission, the Iraqi Stock Exchange signed a cooperation agreement with the Egyptian Company for Information Dissemination, after intensive discussions that lasted for more than six months." 
    He added, "The agreement includes licensing, use and maintenance of the remote trading system for investors (OMS), broker management (Back Office), and portfolio management for investors, for a period of five years."
    He added that "signing this agreement represents a qualitative shift in the development of the Iraqi stock market," indicating that "Iraq is committed to providing the latest technologies to investors, which contributes to enhancing confidence and attracting more investments to the Iraqi market."
    For his part, the CEO of the Iraq Stock Exchange, Faisal Al-Haimus, pointed out, “The importance of this step, as the remote trading system is a vital addition to our ongoing efforts towards developing the market’s infrastructure. The system’s experience in the Egyptian Stock Exchange has proven its efficiency over the past five years, and we are excited to see its positive impact on our market.”
    He pointed out that "the new system includes smart applications that aim to facilitate trading operations and improve the investor experience, which reflects the commitment of the parties concerned to developing the financial sector in Iraq and achieving sustainable growth."
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