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Parliamentary economy announce the formation of a committee to follow up the adoption of the law "securities market."


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Parliamentary economy announce the formation of a committee to follow up the adoption of the law "securities market."

Date: 03/03/2015 09:12

 

 

 

Information / special / .. 
Committee announced that the economy and investment representative, on Tuesday, the formation of a sub-committee to continue to send the draft Securities Market Law by the Chori State, while suggesting a conference illustrates the work of law mechanism in the coming days. 
She said committee member Najiba Najib told Agency / information /, that "there are a lot of actions that must be taken in order to encourage the stock market," indicating that "since 2004, but until now did not proceed with the Securities Market Act, which would reflect negatively on the Iraqi economy." 
She added that "the parliamentary economy formed subcommittee mini which I am a member, to continue to send the draft Securities Market Law by the State ", stressing" the need to send it to the Presidency of the Council of Representatives in order to be displayed in one of the Council of Representatives. " 
She Najib said that "Sub-Committee in connection with a conference combines all those involved in the securities market to find out the real problems that are an obstacle to improving the sector as well as to clarify the mechanism of action of law. " Finished / 25 u

 http://www.almaalomah.org/news/12956/%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D8%B9%D9%84%D9%86-%D8%AA%D8%B4%D9%83%D9%8A%D9%84-%D9%84%D8%AC%D9%86%D8%A9-%D9%84%D9%85%D8%AA%D8%A7%D8%A8%D8%B9%D8%A9-

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Iraq market: the economic crisis, security events led to the decline in our index by 10%

By Mohammed Emad 3/5/2015 twelve forty-five | Views: 243

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Brother - Baghdad

Iraq Stock Exchange, announced Thursday that the economic crisis, security events led to the decline in the index by 10%, indicating that the wishes of the Iraqi investors trading in the market affected by the overall economic activity in Iraq.

The Executive Director of the market Taha Ahmed Abdul Salam, in a press that "the global economic crisis, a statement of security events through which Iraq has led to a decline in the market index by 10%," he said. "These two factors have an impact on the Iraqi and foreign investors decisions."

He said Abdul Salam "The global economic crisis that occurred at the beginning of October month and that continues up to now, which are caused by the drop in oil prices has affected the Iraqi budget as a dependent on revenues heavily on oil," noting that "low budget have affected the decline government spending on investment projects and thus affected the cash rotational speed and the speed of response of the private sector and the public, which led to a decline in the market index of the end of 2014 and also at the beginning of the year 2015 ".

He said Abdel-Salam said "low or high index of the market has to do with the overall economic activity and the overall internal and external trade and currency devaluations and also on oil production and the size of the Iraqi budget size," pointing out that "All these factors are reflected on the wishes of the Iraqi investors trading in the market."

 

The Iraqi market index started to decline, reaching 66.6 points after scoring 115 in the first quarter of 2014, and trading in the market 73 subsidiary of eight sectors are banking, industrial, hotel, tourism, agriculture, investment, and insurance, in addition to communication.

http://www.khabaar.net/index.php/permalink/43509.html

Edited by Butifldrm
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Sunday, 01 March 2015 19:19 | PDF | Print | E-mail

 

Baghdad (AIN) –The Parliamentary Economy Committee discussed with the head of the Iraqi Securities Commission activating the Commission's law.

 

A statement by the parliament received by AIN "The Committee headed by MP, Jawad al-Bolani, met with the ISC's head where they discussed activating the law of the ISC." /End/

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