Special program for the Iraqi Stock Exchange in Washington

[patriotic party girl]

Washington - particularly Babbah

Iraq participated in the program organized by the State Department and the Chambers of Commerce, the American in the United States for the Iraqi Stock Exchange.

The program in which Laith al-Tamimi, the Board of Governors, Taha Ahmed Rubaie, executive director of the Iraq market held nine meetings and lectures in Washington, 14-16, November 2011 with the economic departments of the delegation and spoke about the activity of the Iraqi Stock Exchange and its role in the Iraqi economy and the plans and programs of the stock market during the current year and next and the role of those who have been meeting with them in support of the Iraqi economy, namely:

the World Bank World Bank. Economic Affairs in Iraq, the American Chamber of Commerce and Economic Committee in the U.S. Congress and the Office of Securities and the Federal Reserve Federal Reserve and the Ministry of Foreign Affairs and the Treasury Department treasury reserve, as well as the Ministry of Commerce, said Abdul-Salam for the morning that the meeting marked with a number of university professors and Economic Affairs Officer at the Iraqi Embassy in Washington, where he focused on themes and discussions of the definition of an active Iraqi Stock Exchange and the size of its activity compared to the size of the GDP of Iraq, which relies in his place first on imports of produce and export oil. and coordination between the efforts of public sector institutions and private sector in building the capital market. Through the adoption of data sources and information disclosed to the private sector. And the importance of law in the capital market development in Iraq. And focused on the need to establish a Commercial Court and the judiciary's role in economic activity by protecting the rights of the clients. In addition to strengthening the economic relations the U.S. - Iraq after 2011. And the relationship of government institutions - the Economic Committee in the U.S. Congress to monitor and follow up the Securities Commission through its support for the issuance of the rules of stock market activity. Proposals were discussed Iraqi Stock Exchange in the development of laws and public offerings IPOs and private equity firms founding Corporatization. And build bridges with the international financial institutions and capital markets in the world.

He pointed out that the Iraqi delegation had met in New York City institutions, the International American banks Citi and discussions included the definition of an active Iraqi Stock Exchange and future plans. The role of these banks in attracting investment to the Iraqi Stock Exchange. And addressed to the meetings and lectures with investors and investment funds

http://www.alsabaah.com/ArticleShow.aspx?ID=17575

[leanonme]

Sounds interesting. I am looking for some international laws to be set to protect the foreign investor from their money just dissappearing or the unlawfully holding of peoples money. They should be held liable to the international community for their actions and if they are smart they will not screw it up. Has any body seen anything like that posted yet?

[JWJW11]

Sounds interesting. I am looking for some international laws to be set to protect the foreign investor from their money just dissappearing or the unlawfully holding of peoples money. They should be held liable to the international community for their actions and if they are smart they will not screw it up. Has any body seen anything like that posted yet?

There was an article posted yest that stated Japan was going to guarateen international investment.

[Stryker365]

leanonme, I saw an article a week or so ago that stated the Commercail Courts of Iraq adopted security laws from the US, Britain and other countries to get rid of the overlapping laws, protection of investors funds & asset and less red tape. Nothing yet from international community on this, I'm looking too!!!

JWJW11, here is the one that you refer to.

The Committee of Economy and Investment confirmed, on Thursday, that the agreement concluded by Iraq recently with Japan to protect the investments of the latter opens the door before the coming of sober great companies from the rest of the world,

indicating that a number of Iraqi banks will provide guarantees for the protection of foreign funds, including Iraqi Commercial Bank ."The agreement signed by Iraq during the recent visit of Prime Minister to Japan comes to reassure the Japanese side and provide protection for the funds of investment companies." The member of the parliamentary Committee of Economy and Investment Salman al-Musawi said to "Shafaq News""This Convention has not been preceded by a similar agreement with any foreign party and serves as a message to the international and major sober companies that Iraq opens its doors widely to foreign investment and to ensure their money." He explained .The Iraqi government and the Japanese government signed a long-term agreement to protect the investment funds in order to ensure the investment environment in Iraq.Prime Minister Nuri al-Maliki said on Wednesday, that these important agreements will greatly ensure the investment environment in Iraq, stressing that Japanese companies would invest in the development of oil fields and infrastructure, and the Iraqi government pledged to provide security guarantees to these companies.Musawi said "guarantees provided by Iraq in this agreement will be through the banks, specially the most prominent Iraqi Commercial Bank, which has an international and extensive reputation."

According to economists, the facilitation of foreign investment will help develop infrastructure and business development of Iraq and find new jobs and bringing in the capital, which leads to the introduction of new technology to Iraq and promote the transfer of knowledge and skills to Iraqis.

Read more:

[JWJW11]

Thank you

[juan martinez]

Yes, this is good news for investors and it will encourage more countries to risk their money on Iraq.