2023-08-23 06:26Font
Shafaq News / The Securities Authority announced, today, Wednesday, the signing of a cooperation agreement between it and the International Center for Finance and Trade that commits the two parties to enhance financial investment and develop economic activities in the Kurdistan Region, in a strategic step aimed at supporting the Iraqi economy and enhancing cooperation between the public and private sectors.
A statement issued by the authority and responded to Shafaq News Agency said that Faisal Al-Haims, Chairman of the Securities Commission, and Saad Abdul Qahar Al-Sheikh, Director General of the International Center for Finance and Trade, signed today, Wednesday, in the city of Sulaymaniyah, the agreement, as this step comes as part of a strategy to achieve sustainable development by strengthening the economic environment and expanding the investment base.
According to the statement, the agreement included many objectives, including strengthening the role of the Central Bank of Iraq in supporting the initiative related to the establishment of the International Center for Finance and Trade in Sulaymaniyah.
The statement added that the agreement seeks to encourage and strengthen the culture of investing in securities, noting that the authority and the center are working under the agreement to exchange experiences and knowledge in the legal, administrative and technical fields to enhance the activity of investing in securities in the Kurdistan Region, and make joint efforts to attract investors and develop the economic climate.
The statement noted that within the framework of the agreement, the Securities Commission will open an office at the International Center to enhance investor confidence in accessing the stock market, while the Iraq Stock Exchange will be supported by opening a branch in the International Center, which will contribute to expanding the scope of investment and increasing financial activities.
The authority concluded its statement that this agreement “deliberates a proactive step to keep pace with global financial and trade development, and reflects the commitment of the authority and the center to enhance cooperation, achieve sustainable development and provide an appropriate environment for investment in Iraq.”
Search 4 Dinar 