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Securities affected by the stresses of movement because of the economic downturn and pays tribute to the support of government and the private sector
08/31/2015 09:53
Long-Presse / Baghdad
Iraq Stock Exchange, confirmed on Monday that the contraction of the economy due to poor resources and low oil prices, leading to limit or postpone some investment decisions and affect the trading activity, which is reflected on the trading rates, while praised the orientation of the government to support the private sector, especially small and medium enterprises.
The executive director of the market, Taha Ahmed Abdul Salam, said in an interview to the (long-Presse), "The drop in world oil prices since the end of 2014 the past and so far from the most important variables that affect the Iraqi economy being Rieia depends on those natural wealth as a source Chairman of resources and government revenues "noting that" the Iraqi and foreign investors are studying this effect and they build it on the basis of their decisions. "
He said Abdul Salam, that "the contraction of the economy because of the weakness of resources leads to the identification or postpone some investment decisions, and affects the overall indicators both for the economy or the financial market, as reflected thus on trading in rates," stressing that "the government pays to get the economy moving definitely small and medium enterprises to enhance the resources in the medium and long-term future, and operation of the workforce in the non-governmental activity. "
The Iraqi government has allocated five trillion dinars to support small and medium enterprises to stimulate the market and create jobs, to cope with the fall in world oil prices.
It is said that world oil prices have dropped more than 60 percent compared to last year, the summer of 2014, and they are about forty dollars rate during the past few days, amid expectations of constantly landing as a result of the abundance of production and increase the possibility of Iran produced with ease economic sanctions.
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08/31/2015 09:53
Long-Presse / Baghdad
Iraq Stock Exchange, confirmed on Monday that the contraction of the economy due to poor resources and low oil prices, leading to limit or postpone some investment decisions and affect the trading activity, which is reflected on the trading rates, while praised the orientation of the government to support the private sector, especially small and medium enterprises.
The executive director of the market, Taha Ahmed Abdul Salam, said in an interview to the (long-Presse), "The drop in world oil prices since the end of 2014 the past and so far from the most important variables that affect the Iraqi economy being Rieia depends on those natural wealth as a source Chairman of resources and government revenues "noting that" the Iraqi and foreign investors are studying this effect and they build it on the basis of their decisions. "
He said Abdul Salam, that "the contraction of the economy because of the weakness of resources leads to the identification or postpone some investment decisions, and affects the overall indicators both for the economy or the financial market, as reflected thus on trading in rates," stressing that "the government pays to get the economy moving definitely small and medium enterprises to enhance the resources in the medium and long-term future, and operation of the workforce in the non-governmental activity. "
The Iraqi government has allocated five trillion dinars to support small and medium enterprises to stimulate the market and create jobs, to cope with the fall in world oil prices.
It is said that world oil prices have dropped more than 60 percent compared to last year, the summer of 2014, and they are about forty dollars rate during the past few days, amid expectations of constantly landing as a result of the abundance of production and increase the possibility of Iran produced with ease economic sanctions.
[You must be registered and logged in to see this link.]
