The Chairman of the Iraqi Securities Commission meets his Egyptian counterpart in Cairo

The Chairman of the Iraq Securities Commission, Mr.Hasan Al Ukaily, , met the Egyptian counterpart, Dr. Muhammad Omran, yesterday, Sunday, in Cairo, where the meeting dealt strengthening mutual cooperation and ways to develop the work in the securities trading sector, in light of the well-established historical relations between the two brotherly countries.   The Chairman of the commission stressed that many important areas were discussed to achieve economic rapprochement between Iraq and Egypt within the framework of the spirit of cooperation and integration, and there is a strong desire on both sides to develop the securities sector. Where the Iraqi delegation held meetings at the headquarters of the Egyptian Stock Exchange, with the participation of the Executive Director of the Egyptian Stock Exchange, Dr. Muhammad Farid and his assistants for electronic systems and control over trading, disclosure and governance. These meetings were embodied in the framework of benefiting from the experience of the Egyptian Stock Exchange and the Egyptian Authority in the framework of developing instructions and rules and the wide use of electronic systems in trading, monitoring and disclosure. Meetings will be held over the next two days, which will include meetings with senior officials in the Egyptian government, where it is hoped that meetings will be held with the Minister of Business Sector as well as the Minister of Planning and Economic Development. The Chairman of the Board of Governors of the ISX, Mr. Thaer Adnan, the Executive Director of the Iraq Stock Exchange, Mr. Taha Ahmed Abdel Salam, and the Chairman of the Association of Capital Market Brokers, Mr. Ali Al-Mukhtar, participated in the meetings, and from the Egyptian side, the two Vice-Chairmen of the Egyptian Authority, Counselor Reda Abdel Moati and Mr. Islam Azzam participated in the meetings. On the other hand, the commission and the ISX sent 30 brokers for practical training in the Egyptian Stock Exchange in February for training through the Association of Financial Data Analysts. To benefit from the experience of the clearing and settlement company and the data and information publishing company.