_BLUEDOG POST 1/14 "Must RV to Attract World Investors" « on: Saturday at 03:26:10 AM »
And my comments on this, are at the end -- BLUEDOG
Iraqi economists claim to the opening of the bourse in the days of combining
Economists called for Iraqis to open the Iraqi market for securities in the days of Friday to continue with the global market.
"The director of the Center for the Iraqi market to Ke Ji told the Kurdish news agency (Rn) that "the Iraqi Stock Exchange is still young and need to communicate with the world stock exchanges to attract equity and not in their interest that the disruption in the days of collection."
"He said that "Iraqi Stock Exchange advanced well during this period thanks to good management and diversification of its investment shares that participate in the stock market but you must be affected by holidays and special occasions."
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_"He continued that the holidays and major events one of the problems that stand in front of the Iraqi economy and caused many problems, including widening the gap between global markets and the Iraqi market for securities."
"For his part, Director of the Institute of Economic contrary goldsmith's (Rn) that the law of the Securities Commission needs to be adjusted to regulate the day the stock market, adding that the work of the Iraqi Stock Exchange has not yet reached the level of global stock markets due to lack of supplies necessary for the development work and ensure the Shareholders' funds active in it. "
". He continued that "the problem of the Iraqi Stock Exchange is a reflection of the problems of the Iraqi market, which prefers the goods originally imported on the local product in addition to the effects of the security situation on the stock market."
He pointed out that "the opening of the Iraqi Stock Exchange and the exchange of financial transactions must be real and lead to actual investments reflected positively on the Iraqi economy."
" In turn ruled out the Executive Director of the Securities Commission Abdul Razzaq al-Saadi, a Adharar because of the holiday, the bourse related to internal affairs of government and associated with the work of banks, he said, adding that the stock exchanges in the world crashes and does not have any damage to the trading stock because the stock market is linked to macro-economic of the country. "
The Securities Commission has decided to shut down the work of the Iraqi market for securities on Thursday. As said the Securities Commission, said that Iraq provided the countries of the region the size of financial trading increased by 70%.
And started the Iraq Stock Exchange initial preparations for membership of the global market for securities, also announced the start of electronic filing companies, foreign and domestic investment, rather than filing paperwork.
The Iraq Stock Exchange has started its activity in 2004, and shifted from manual trading to the use of e-dealing screens in 2009 and open for trading two hours a day five days a week.
The banking sector is the largest in the exchange, which also includes the shares of industrial companies and insurance companies, hotels and agricultural companies.
Article Link: http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=ar&tl=en&u=http://www.sotaliraq.com/business.php%3Fid%3D5154&usg=ALkJrhi_KyI8BnKlli18eZg4OUB9cqk4CA#ixzz1jPlxW3
So they want to be recognized Globally and they want to do it soon...........So that more people WILL invest in industrial companies and insurance companies, hotels and agricultural companies, and more
They are babies yet and want to become adults and need foreign investors in their stock exchange. They need to update their procedure.
They want their own people to be attracted to invest within their own country instead of looking to outside of the country.
Lets face it that they need to increase their currency value for this to take place. They surely want much more outside investors, and they also want the Arab world to get on board.
We see Iraq wants to rebuild quickly unlike Vietnam has been moving, they want to be the richest Middle Eastern State.
Well its embarrassing to have currency of their current value, period. Iraq must RV their currency to achieve this, and become a recognized economic country..... BLUEDOG