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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 stock market calls for a legal change companies and the Central Bank to attract investment

    Rocky
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    • Post n°1

    The stock market calls for a legal change companies and the Central Bank to attract investment Empty The stock market calls for a legal change companies and the Central Bank to attract investment

    Post by Rocky Mon 18 Jan 2016, 6:27 am

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    01/18/2016
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    BAGHDAD / Jassim Al-Karim al-Tai / .. invited the Executive Director of the Iraqi market for securities Taha Ahmed Abdul Salam to make some changes to the legal companies of the Central Bank for the purpose of the development and revitalization of the investment process in Iraq, stressing that the status of the current investment is not enough for the development process in Iraq.
    Abdel-Salam said in a statement singled out by the agency / JD / economic that it is necessary that there be continuous communication between government institutions in order to facilitate adjustment paragraphs encountered stimulate investment in Iraq, which older than 30 years.
    He said Abdul Salam that the Iraq Stock Exchange put forward several proposals the most important, that there will be organizing the process of managing the investment portfolios in order to create market makers, and allow companies to contribute to the purchase of proportions of shares in the market when there is a drop in the prices of shares and percentages certain according to the instructions to be issued by body Money bills.
    He noted that there are intersections on what we are proposing Help With prevailing such as the Companies Act laws and the law of the Central Bank and it needs to be in constant contact between government institutions in order to facilitate adjustment paragraphs encountered stimulate investment in securities or investing in the shares of joint stock companies.
    He noted that there are laws older than 30 years impede the development process and hinder the development of the instructions on Arab financial markets and foreign process.
    Abdul Salam stressed the need to make some amendments to paragraphs Bakanona companies and the Central Bank, calling out that there will be instructions for the establishment of an investment fund to encourage companies or the bank or senior capital to establish such funds.
    He pointed out that these instructions and called the climate or the legal umbrella that will attract investments based Jdidh.makda that of the current investment is not enough for development. / End / 22 / 


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