Al-Haimus Implementation of the Strategic Agreement is an Important Step Toward Digital Transformation in Iraq Stock Exchange

Under the auspices of Iraq Securities Commission, the Chairman of the Commission, Faisal Al-Haimus, announced that the implementation of the strategic agreement between Iraq Stock Exchange and Iraq Technology Company represents an important step toward achieving digital transformation in the Iraqi securities sector, in line with the directives of the General Secretariat of the Council of Ministers. Al-Haimus emphasized that "the new system will significantly contribute to enhancing operational efficiency and simplifying procedures within the market, leading to improved speed and accuracy of financial transactions, as well as increasing transparency and credibility." He added that the Commission strongly supports these efforts and aims for the new system to serve as a catalyst for developing the digital infrastructure of the market, thereby increasing its attractiveness to both local and foreign investors. These statements came after the completion of the installation of the new system and the training of its users to ensure full readiness for efficient and effective operation. This initiative is part of the Commission's efforts to modernize the securities market environment and improve overall performance. Officials from both the Iraq Stock Exchange and Iraq Technology Company indicated that the results achieved so far are promising, confirming that this agreement will contribute to strengthening the digital infrastructure of the financial market in Iraq.