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Chairman of the Securities Commission's (statement): Insert all banks operating in Iraq stock market
June 2, 2014
BAGHDAD / Jassim al-Tai
Committed paradise economic Cabinet should include the all banks licensed and operating in Iraq in the stock market.
said Chairman of the Securities Commission, Dr. Abdul Razzaq al-Saadi said in a statement singled out by the (statement) that the Economic Committee of the Cabinet issued a decision should include the all banks licensed and operating in Iraq in the stock market Finance, noting that this decision will contribute to an increase in the trading process in the Iraqi market for securities
finance as well as activation of the Iraqi economy. added that this resolution will be required banks to disclose annually the fact that the measure identified by law to all companies and banks registered with the Securities Commission. He said the securities sector in Iraq will witness development soon with the opening of the market Arbil Securities, adding that the Authority completed all approvals on the work market.
Asked why the decline in the movement of the work market Allaorac Finance during this year pointed Saadi said the delay in approving the budget by the Iraqi parliament impact negatively not on the stock market only, but on the Iraqi economy fully, pointing out that the work of the stock market depends on the financial abundance in the possession of the citizen and that the lack of this abundance affected the movement of the work of the stock market in Iraq.
rather than on the stock market only, but on Iraqi economy fully, pointing out that the work of the stock market depends on the financial abundance in the possession of the citizen and that the lack of this abundance affected the movement of the work of the stock market in Iraq.
demanded Saadi, the need for privatization of public sector companies and transferred to the private sector or mixed after the Iraq working economy market and pursue the development of the private sector. Indicating that the activation of this measure will contribute to national economic development and the promotion of the national industry.
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