Millionday News 11/18/13
[millionday] so this is great great and is what is expected about 2014 and what is coming for iraq
millionday] Traded 73 companies listed in the regular market for securities shares to record proportions between the rise and fall , which point rise in trading volume during the third quarter of this year than it is in the year 2012 , so forecasts specialists occurrence of a qualitative leap in the financial market over the next year 2014.
Chairman of the Securities Commission , Dr. Abdul Razzaq al - Saadi likely high indicators of the Iraqi market for securities over the next year , so to the possibility companies major in it.
[millionday] quantum leap in 2014 for the isx
millionday] He Saadi in his statement (morning) hoped mobile phone companies to the stock market , expecting that it will make a qualitative leap in the stock market.
Read More Link On Right
He said he was coordinating with the Department of the Central Bank induce some banks to which encourage the formation of capital for economic development stable, calling on the government to sell its shares in the companies mixed sector , as these companies do not trade at the present time , causing paralysis and lack of moving the wheel of the market.
said Saadi : "The whole initiated offering ideas for trading stocks mixed sector through overtures with the office of the advisers , believing that it will contribute to the support of the circulation in the market.
[millionday] note -- calling for the movement of the market and the expectations are huge
[millionday] mentions that the number of companies listed on the Regular market reached 73 joint-stock company , rose during the hearings last week, share prices of 29 companies out of 54 companies traded remains of 9 companies parked decisions of the Securities Commission for not commitment instructions disclosure and submission of financial statements , as well as two parked for holding public bodies , has not been traded by investors on shares of 8 companies out of 73 joint - stock company listed on the regular market .
[millionday] note -- on hold for a burst of movement
[millionday] The President of the body that next year will see the opening of the market Arbil Securities , which opens up new avenues for investors on the system this market , as well as update the Iraqi market for securities, and program performance center of Iraq through new systems lead to quicker turnaround times .
He said the market Arbil independently, enabling investors in the Kurdistan region of buying and selling stocks through their areas , which leads to increased confidence in the market Arbil and widen the investor base , in addition to that there are aspirations to stimulate the market Arbil induce companies located in the province of in the stock market (Iraq and Erbil ) ,
millionday] note -- they announced months ago the plan of arbil market as well created in 2014 and they had finished with isx and were working on it
millionday] as he represents a market independent but Bnavztin of trading for the same companies , saying that if fell into the mobile phone companies in Iraq in the market will increase Iraqi Movement for trading, for it is one of the companies that attract investors, thus contributing to increase financial reserves .
said that the Securities Commission aims to contribute to the achievement of stable economic development and sustainable in Iraq, through the strengthening of infrastructure investment and encourage the process of capital formation as practiced by the licensing and control of the participants in the capital markets ,
[millionday] capital markets –currency -- unless it translated wrong that is normally its meaning
millionday] as well as transparency , disclosure and efficiency and equity among dealers , and to protect them in the capital markets from fraud , and the use of methods of exploitation when you ask or trading securities , in addition to seeking to reduce the risks in the securities markets.
To that works to raise awareness of the investment level of a year of awareness and enlightenment stock investors how to preserve their rights in this area and development within the capital markets in Iraq , especially as the revitalization of trading in stocks is considered the cornerstone of the basic to the development of a future Iraq .
[millionday] note -- this is talking about the growth they will see in the isx in the year of 2014
DocTaylor] it has nothing to do with the RV correct?
[Dovi] will they need international currency for that?
[millionday] it has to do with the expectations from the security market isx to the great bounds from their economic reform
millionday] yes yes
[Dovi] yes what?
[millionday] smile international currency
[millionday] the dinar is their largest product and their first product brb with more
[millionday] Prime Minister Nuri al-Maliki that Iraq possesses extensive investment program in all economic sectors , indicating that the country's policy to increase oil production comes in response to the requirements of development under the possession of the elements of economic advancement .
This came during his speech at the Business and Investment Forum Iraqi - British , in which participants gather on the importance of creating a real economic development in Iraq , based on cutting - edge expertise that can shorten the time and effort.
[millionday] Maliki after he welcomed the delegations participating , which included the heads of specialized companies and heads of universities are better globally during the sponsorship of the conference, said: « the conference is the second of its kind after holding the first conference in 2009 , which was the gateway to set up conferences in Britain and other countries », indicating that the participation of delegations British companies and universities is an important step on the road to activate the relations between the two sides .
He added that Iraq possesses extensive investment program in all economic sectors , notably in the fields of energy, industry and agriculture , as well as the financial sector , thanking the British side on the initiative put forward by the health system in the field of health , which meets the need according to cutting-edge styles .
[millionday] note -- dont forget cbi had a press statement that said they are working with the goi to get the economic reform and policies out and complete
[millionday] He said al - Maliki said « Forum comes at a time when we find the dynamic range in the field of reconstruction and widely to repair the infrastructure destroyed by the policies of the former regime , which left debris in the country of goods and oil .
He pointed out that after addressing to Page terrorism , emerged attention to construction and reconstruction , noting that the country's policy to increase the oil comes in response to the requirements of development under the possession of the elements of economic advancement .
[millionday] now -- we know the private sector is funding the infrastructure of the country
[millionday] but the oil production will have to pave the way until they are up and running