SECURITIES COMMISSION: A STRATEGY TO TRANSFORM IRAQ INTO A REGIONAL INVESTMENT CENTER
The Securities Commission announced on Tuesday the launch of its new website to promote investment in Iraq. While it indicated that an agreement had been concluded with Egypt to update the electronic trading system, it confirmed the development of a strategy to transform Iraq into a regional investment center.
The Chairman of the Securities Commission, Faisal Al-Haimus, said during the World Investor Day conference, which was followed by “Al-Eqtisad News”, “We launched the new website of the Commission,” indicating that “this event represents a milestone in the path of developing the investment infrastructure in Iraq.”
He continued: “We have come a long way in 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 auspices of Prime Minister Mohammed Shia Al-Sudani.”
He added: “We are working to transform the Iraq Stock Exchange into an integrated electronic system that provides all citizens and investors with greater opportunities to participate in investment in a safe manner.”
He pointed out that “a cooperation agreement was concluded with the Arab 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 employees in the Commission and the market through mutual training programs, which contributes to the efficiency of employees and the application of the best international practices,” noting that “this digital transformation will enhance the efficiency of daily trading operations and contribute to expanding the investor base in the Iraq Stock Exchange, which will benefit the Iraqi economy and attract foreign investments.”
He stated that “our strategy extends until 2030 and focuses on development projects that enhance Iraq’s position as a regional investment center,” noting that “the website includes many additions and advantages:
First – daily updated data and graphic forms on the performance of the Iraq Stock Exchange.
Second – linking the website with the Ur portal.
Third – continuous updating of news of companies and investors.
Al-Haimus 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.”
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