Home A meeting between the Chairman of Securities Commission and the Governor of Sulaymaniyah, including a press conference

A meeting between the Chairman of Securities Commission and the Governor of Sulaymaniyah, including a press conference

27/08/2023
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His Excellency the Chairman of Iraq Securities Commission, Mr. Faisal Al-Haimus, met today, Thursday, the Governor of Sulaymaniyah, Mr. Haval Abu Bakr, at the governorate headquarters.

During a joint press conference held after the meeting, His Excellency the Chairman of the Commission announced the signing of a memorandum of understanding aimed at establishing branches of Iraq Securities Commission and the Stock Exchange in Sulaymaniyah Governorate. His Excellency Al-Haimus affirmed the Commission 's support for the International Center for Finance and Trade, which is scheduled to start its work soon in Sulaymaniyah.

For his part, the governor of Sulaymaniyah, Haval Abu Bakr, expressed during the press conference the importance of the International Center for Finance and Trade, which will be the first center of its kind in Iraq and the Kurdistan Region. Mr. Abu Bakr indicated that this center will constitute a gathering point for investors with the aim of creating new job opportunities and encouraging and financing small and medium enterprises.

For his part, His Excellency Faisal Al-Haimus, Chairman of ISC, confirmed that an agreement was reached between the Commission and Miran Group during the past months to grant a license to the stock market branch in the International Center for Finance and Trade in Sulaymaniyah.

The establishment of the International Center for Finance and Trade comes with the support of the Iraqi government, the Ministry of Finance, the Securities Commission and the Central Bank of Iraq with the aim of supporting those wishing to establish small and medium enterprises, and this center will have an important role in attracting capital investors.

It is noteworthy that the Securities Commission announced yesterday the signing of a strategic cooperation agreement with the International Center for Finance and Trade in order to enhance financial investment and develop economic activities in the Kurdistan Region, and this step aims to support the Iraqi economy and enhance cooperation between the public and private sectors.