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Jeweler: transparency and governance Tnhian shareholding companies
5/10/2016 0:00
[rtl] BAGHDAD - Hussein al - Tamimi Tgb
called economic member of the Baghdad forum Amer Jeweler to intensify efforts to work on legislation SME law and the formation of a specialized institution to them.
He said in an interview with «morning» that this approach requires synchronization with the promotion of coordination between the authorities responsible for the private sector sectoral departments process in each ministry , such as the Industrial development and the Iraqi Federation of industries and the Association of the mixed sector and the Securities and Iraqi stock Exchange and the Registrar of companies for the development of plans and programs to encourage and support the establishment of contributing companies producing and trump , which will result in the support of the gross domestic product and increase its activity in the local market.
major companies and pointed to the importance to be placed plans can be carried out to establish the major companies joint venture between the private and public sector to set up petrochemical industries, fertilizers, iron and aluminum and construction industries contained in the strategies of energy and Industry Almqrtin by the cabinet, he said , at atime when aimed at restructuring public companies to attract domestic and foreign investment sober to participate in the process ownership of some of those companies to turn to the contribution to be included in the Iraq Stock Exchange companies must direct the move at least a limited level for the success of the experiment. business environmentand stressed that it is important and useful to search for solutions to the causes ofdeterioration of the contribution of private banks shares transparently infinitely because of the improving to reality and back to play a role, as well as to improve the reality and therole and activities of the banking business peek as one of the pillars of the business environment and investment in supporting the establishment of the new joint - stock companies. size criticism and pointed out that the data contained in a seminar on theproblems and constraints of the securities sector in Iraq highlighted on one of indicators the true size business activity and business in Iraq, where it became clear that the Iraq stock Exchange has 98 joint - stock company while the number of companies offered for trading 48 with the presence of 126 joint - stock company in the country , which allow them to be included in the stock market when you note that stock trading volume and rate of the volume Monetary respectively for each of Iraq 's 416,000 dollars by 0.7 percent of the volume of money and Jordan in 2941 thousand dollars increased by 21.1 percent and Saudi Arabia 315 765 thousand dollars by 103 percent , you can measure the size of the sharp decline in stock prices in the percentage of foreign participation in the degree of actual adoption of measures of transparency and corporate governance, each this highlights the diminutive physical size of this activity in the Iraqi market.[/rtl]
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