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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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    Alnasiri: the banking sector constitutes 64% of the total shares in the Iraq Stock Exchange

    Rocky
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    • Post n°1

    Alnasiri: the banking sector constitutes 64% of the total shares in the Iraq Stock Exchange Empty Alnasiri: the banking sector constitutes 64% of the total shares in the Iraq Stock Exchange

    Post by Rocky Sun 07 Aug 2016, 6:44 am

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    2016/08/07 | 13:50

    (Encyclopedia of the day for news | [You must be registered and logged in to see this link.] ) -


    Date: August 7, 2016



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    Special - NEN Iraq 

     Banking expert and member of the World Union of Arab Bankers Samir Nasiri said the Iraq Stock Exchange is theeconomic market aims to regulate and control the securities between buyers and sellers, according to special rules and instructions are subject to the law of the market No. (74) for the year 2004 in order to attract indirect investment, national and foreign, to support and contribute to increased capital formation in the economy Alkla.abulg number of joint stock companies trading in the market (96) is an Iraqi company 's banking sector 64% of the total shares and other sectors make up 36% of the total Alashm.kadd Iraq stock Exchange influenced heavily influenced by economic stagnation and the financial crisis experienced by the Iraqi economy since 2014 due to thecontinued fall in oil prices globally, and the costs of the war on terrorism, and other economic accumulations led to the decline in the growth rate in GDP (0.5%) and high rates of unemployment to 50 percent and poverty to 25% and inflation to 2% and the fall in the savings rate of the Central Bank of Iraq to the extent of 20%. 

    the ratio increased compactness of the total monetary mass of citizens is reflected in the business market. 

    all of this led to a decline in share prices in the banking sector and other sectors in the trading market rates ranging between ( 50% - 85%). 

    in order to activate the role of the Iraq Stock Exchange in investment and supporting the national economy toattract. 

    requires several factors to secure .oha do those sectoral supervisor to contribute to the treatment and lack ofmilitancy in some of the instructions issued by the companies. 

    for example , the Central Bank Iraqi and circle the registration of companies in the Ministry of Commerce and theGeneral Authority for taxes which centered on increasing the minimum capital and the impact on the decline instock prices without prices par. 

    for it is necessary to carry out feasibility studies by the joint - stock companies to increase their capital to the uses of those increases and give a clear opinion in the process so to the Securities Commission and the Central Bank ofIraq before approving increases in Ras Almal.ooda control, monitoring and evaluation system for the performance of the contribution and determine the kinks and negligence and violation of the laws and regulations in force and Dharorhaltokid the establishment of joint stock companies to provide disclosure of monthly and transparency, quarterly and annual on reports that companies submit annual financial results in a period not exceeding 60 days from the end of the year Almalah.olgerd activate the role of the Iraq Stock Exchange in Alastosmaroaguetrah Alnasiri attract the importance of the establishment of the deposit Insurance Corporation and the issuance of its own legislation in order to protect the deposits of depositors and encourage citizens to go to the banks and to take advantage of all the services they provide, and to achieve the central objective raise the savings ratio on theproportion of compactness account and address the lack of liquidity in the banks and the impact on cash trading in Alsoq.ochjaa and activate the CBI initiative to lend to banks for financing small and medium enterprises and theallocation of 6.5 trillion dinars for this purpose to achieve economic and social objective. 

    as well as the banks and the Iraqi market for securities to benefit from the launch of the central bank 's government bond interest rate of 8% for a period of two years in order to reimburse contractors and mind bond guarantee to give them banking facilities of all kinds by the banks as well as to encourage citizens to acquire in order towithdraw liquidity for the purposes of the cash trading Aldakhali.ohdd the use of electronic publishing techniques to increase investment in Iraq Stock Exchange Almalah.vdila for granting financial investment companies freedom traded or conservative stocks managed a Mbacr.oahmah reconsider corporate law and the law of Iraq Stock Exchange, according to what is in place in the bourses Arab and international markets .. 

    and activating the role of corporate governance by All the relevant authorities listed in the market, and theprotection of investors ' rights by requiring companies that profit distribution of at least 50% of the net profits earned cash to Almsahman.ohdd Alnasiri the importance of disseminating culture , trade and duties of the Iraq Stock Exchange and educate the public capital markets and its role in sustainable development.

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