Baghdad – IA – Wissam Al-Mulla
Today, Tuesday, the Securities Commission announced the launch of its new website to promote investment in Iraq, and while it indicated concluding an agreement with Egypt to modernize the electronic trading system, it confirmed the development of a strategy to transform Iraq into a regional center for investment.
Chairman of the Securities Commission, Faisal Al-Haims, said during the World Investor Day conference, which was attended by the (INA) correspondent: “We launched the new website for the Commission,” indicating that “this event represents a milestone in the path of developing investment infrastructure in Iraq.”
He continued: “We have come a long way at the Securities Commission to transform this vision into a tangible reality that serves all investors within the framework of the government’s plans and under the patronage of Prime Minister Muhammad Shiaa Al-Sudani.”
He added: “We are working to transform the Iraqi Stock Exchange into an integrated electronic system that provides all citizens and investors with greater opportunities to participate in investing in a safe manner.”
He pointed out, “Completing a cooperation agreement with the Republic of Egypt to purchase the new trading system, which is one of the most modern and effective systems, in addition to working with European countries to enhance the expertise of workers in the Authority and the market through mutual training programs, which contributes to the efficiency of workers and the application of best international practices,” pointing out. “This digital transformation will enhance the efficiency of daily trading operations and contribute to expanding the investor base in the Iraqi Stock Exchange, which will benefit the Iraqi economy and attract foreign investments.”
He stated, “Our strategy extends until 2030 and focuses on development projects that enhance Iraq’s position as a regional center for investment,” pointing out that “the website includes many additions and advantages:
First – Updated daily data and graphical forms on the performance of the Iraqi Stock Exchange.
Second – Linking the site with the Ur portal.
Third: Continuous updating of company and investor news.
Al-Haims concluded that “Iraq possesses enormous natural and human resources,” expressing his “aspiration to achieve economic revenues and enhance Iraq’s role at the regional and international levels.”