Wednesday, December 18, 2024
TIDBIT FROM MAJEED, 18 DEC
MAJEED
Kurdistan officially will start distributing October salary TODAY It will be from 2025 budget with the new rate Wait for ripple stable coin to be launched today and the rate will pop up Because RLUSD will be globally LFGGGG
FRANK26: "SUDANI SAYS... YOU WANT SOME MORE... KEEP IT UP", 18 DEC
KTFA
FRANK26: "SUDANI SAYS... YOU WANT SOME MORE... KEEP IT UP".........F26
Documents.. The Central Bank of Iraq punishes 49 companies involved in "money laundering" and warns of other fake ones
12/16/2024
The Central Bank of Iraq decided, on Monday, to punish 49 companies involved in "money laundering", and warned against fictitious trading and investment companies.
The bank directed banks not to allow the 49 sanctioned companies to enter into external financial transfer channels.
In this context, the Central Bank warned citizens of the existence of fictitious electronic trading companies.
The bank said in a statement received by Shafaq News Agency, "There are fictitious companies for electronic trading in stocks that claim to be licensed by the bank. The bank clarifies that it does not grant a license to companies trading in (stocks, metals and cryptocurrencies), noting that it has taken "all legal measures against such fictitious companies."
The bank pointed out that "some pages and posts on social media sites have circulated the names of fictitious companies that exploit the name of the Central Bank and claim that they are official Iraqi trading companies licensed by it for the purpose of investing and trading in digital currencies, stocks, gold and oil by broadcasting fake videos and posts, and profits are withdrawn through wallets or delivered to people according to their claims, noting that these companies claim to have branches in the governorates of Kirkuk, Mosul, Erbil and Sulaymaniyah."
The bank stressed the necessity for "victims of these fictitious companies to take legal action against them and notify the relevant authorities of this, calling on the public, before carrying out any transfer operation, to review the names of non-banking financial institutions licensed by it and published on its official website."
TIDBITS FROM YADA, 18 DEC
yada
Comment: I have this amazing feeling that something wonderful is going to happen today...
yada: I have the same Feeling...
The number of representatives going to Iraq were there to see one thing, the beginning of Iraq going international.
The amendment for article 12 to give value to their contracts was put in the Gazette and the people are to see the rate change In their salaries.
FRANK26: "HISTORICAL... FOR A HISTORICAL EXCHANGE RATE", 18 DEC
KTFA
FRANK26: "HISTORICAL... FOR A HISTORICAL EXCHANGE RATE"........F26
Securities and Exchange Authority discusses the mechanism for entering the digital exchange platform of the Abu Dhabi Market
12/16/2024
Baghdad
Today, Monday, the Securities and Exchange Authority discussed with the Abu Dhabi Market the signing of a joint cooperation agreement to exchange expertise, while discussing the mechanism for entering the market’s digital exchange platform.
A statement by the Authority received by "Al-Eqtisad News" stated that "the Chairman of the Iraqi Securities Commission, Faisal Al-Haimus, met during an official visit to Abu Dhabi, the CEO of the Abu Dhabi Securities Market Group, Abdullah Salem Al-Naimi, where they discussed ways to enhance cooperation between the Iraq Stock Exchange and the Abu Dhabi Securities Market, and focused on signing a joint cooperation agreement aimed at exchanging expertise and developing work mechanisms in the financial markets."
He added, "The mechanism for the Iraq Stock Exchange to enter the digital exchange platform launched by the Abu Dhabi Securities Exchange in 2022 was discussed, as the exchange platform is the first digital exchange center in the region based on the mutual market access model, which currently includes 8 participating financial markets."
Al-Haimas stressed the "importance of this cooperation in enhancing the role of the Iraq Stock Exchange at the regional level, as well as in developing the investment environment in Iraq."
For his part, Al Nuaimi expressed “the Abu Dhabi Securities Exchange’s readiness to support this initiative,” noting that “cooperation with the Iraqi Authority will enhance the exchange of knowledge and expertise between regional financial markets, and enhance the role of financial markets in economic growth.”
He added, "We at the Abu Dhabi Securities Market believe in the strength of cooperation between financial markets, and we look forward to achieving joint successes with the Iraqi Securities Commission, which will contribute to developing financial markets and enhancing investment in the region."
It is noteworthy that Al-Haimas participated in the Middle East Investor Relations Association (MEIRA) Annual Conference for the year 2024, which was held in the UAE capital, Abu Dhabi, in partnership with the Abu Dhabi Securities Exchange.
The conference was attended by more than 800 leaders and experts, including representatives of 150 issuers from the GCC and Middle East countries, 33 financial markets, in addition to more than 150 participants in local and international financial markets.
The conference also provided a unique platform for exchanging insights and ideas among more than 80 experts from around the world, who discussed important issues affecting capital markets, such as the growth of GCC markets, the role of artificial intelligence in investor relations, and the integration of environmental, social and governance criteria into Islamic finance.
This joint cooperation between the Iraqi Securities Commission and the Abu Dhabi Securities Market reflects Iraq’s commitment to developing the investment environment and enhancing the role of financial markets in supporting regional economic growth.
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