Iraq participates in the annual conference of the European and Asian Capital Markets Association

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His Excellency The president of the Securities Commission, Mr. Faisal Al-Haimus, participated at the annual conference of the European Capital Markets Association The meeting was held in Yerevan, the capital of the Republic of Armenia, on Friday 12/11/2021. During his speech, he stressed, "The organization of such conferences creates a great environment for the development witnessed by the stock markets at the regional and global levels, in light of the technology boom of financial services, which It restructures various business sectors and fundamentally changes the way investors operate within Stock exchanges and stock trading operations. Pointing out that the authority has made important achievements during this year to enhance its position as an ideal destination in the markets, by launching trading on 8 suspended companies, increasing trading hours, which doubled the number of investors, in addition to the value of trades, which amounted during the second half of this year to 378 billion dinars. Compared with 17 billion dinars for the same period last year, the traded shares also increased to 373 billion shares, compared to 24 billion shares during the second quarter of last year, an increase of 1393% with the establishment of a mechanism to protect investor data and encrypt their information and prevent its leakage. The head of the commission stressed the continuation to work alongside all government agencies in Iraq to contribute to achieving the vision goals set by the new administration of the commission over the next four years through: Enhancing the concept of trading in securities and supporting the national economy.

The president of the commission concluded, “We are working today to establish the Al-Hafiz Al-Amin Bank because of its positive financial and economic effects that will enhance the work of the stock market operating in Iraq, in addition to providing safety for investors, especially foreign ones, as well as increasing investment portfolios. On the other hand, the chairperson of the commission met with the Armenian Minister of Economy, Mr. Whan Karupian, and the president of the European-Asian Federation of Capital Markets, Dr. Mohamed Salah Farid. The conference discussed revitalizing the capital market sector in the Asian and European regions and the possibility of providing low-cost financing to member states through capital markets instead of traditional financing methods. .

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