Baghdad will hold the eighteenth annual meeting of the Union of Arab Securities Authorities

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• Iraq participated as a representative to Iraq Securities Commission at the sixteenth annual meeting of the Union of Arab Securities Authorities, in the presence of the Chairman of Iraq Securities Commission, Mr. Hassan Al-ukaily, which was held in Muscat / Sultanate of Oman, in order to cooperate in the development of Arab financial markets through Upgrading the legislative and regulatory aspects. Al-ukaily mentioned that the active participations in the regional and international meetings have a significant impact on the national economy. He also explained that the Union of Arab Securities Authorities, decided to hold the eighteenth annual meeting in Baghdad.
• A statement by the commission, where the Iraqi News Agency (INA), received a copy, in the same context, states that:
• the Iraqi Stock Exchange, represented by the director of the Board of Governors, Thaer Al-Mukhtar, and in the presence of the Chairman of Iraq Securities Commission, Hassan Al-ukaily, and the expert CEO, Taha Ahmed Abdu salam, and the Iraqi Embassy in Muscat/Oman, they all signed a Memorandum of Understanding with the Muscat Securities Exchange represented by CEO Haitham Al Salmi in the presence of the CEO of Muscat Company for clearing house and a number of boards directors with the aim to develop relations and enhancing cooperation between the two parties in the following areas:
• 1- Enhancing the Efficiency of securities markets through exchanging experiences, information and advisory services related to securities trading.
• 2. Facilitate the participation of brokers in training and development programs.
• 3. Realignment of listing requirements - and the promotion of joint and exchangeable listing.
• 4. Setting the basic rules for the development of index.
• 5. Developing sustainability, environmental and social corporate governance among the two parties.
• 6. seeking ways of cooperation in the field of educating and investors awareness concerning the securities markets.
• 7. Cooperation in any other areas that would develop the activity of the securities markets.
• The statement continued, " Iraqi Securities Commission and the Iraq Stock Exchange had implemented a strategy during 2022 that relied on cooperation with Arab securities markets and developing the activity of brokerage companies, raising the capabilities of brokers in dealings with Investors, financial and information analysis, follow-up of companies' disclosure and return the stock joint companies to trading in cooperation with the sectoral authorities.