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Establishment of joint investment funds between Iraq and Iran

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Establishment of joint investment funds between Iraq and Iran Empty Establishment of joint investment funds between Iraq and Iran

Post by RamblerNash on Mon Jul 29, 2019 11:47 pm

Establishment of joint investment funds between Iraq and Iran

Establishment of joint investment funds between Iraq and Iran Story_img_5d3f112e14945

2019/7/29 18:30

{International: Euphrates News} signed on Monday, the Iraqi Securities Commission with the Organization of the Iranian Stock Exchange, a memorandum of understanding for cooperation between the two sides.

The signing ceremony was attended by the head of the Iranian Stock Exchange and Securities Organization, Shaabur Mohammadi, his aides and members of the board of directors of the organization, the head of the Securities Commission in Iraq, Alaa Abdul Hussein Al Saadi, and the Iraqi ambassador to Tehran Saad Jawad Qandil.

The creation of a branch of the commodity exchange in Iraq and the provision of an appropriate platform for the export and import of goods on this road, and consultations on the legal and technical issues related to the capital market are among the main axes of the memorandum of understanding.

The two sides also agreed to strengthen consultations and exchange of views in the field of upgrading financial knowledge, cooperation in the field of training and financial awareness, as well as setting up joint exhibitions in this regard, establishing a virtual hall for the Iranian Stock Exchange (IRVEX), publishing books on the capital market in Arabic, And the establishment of courses in Iraq on the management of business in the capital market (MBA).

On the sidelines of the ceremony, the head of the Bourse and the Iranian Stock Exchange pointed to the two sides' determination to develop the Islamic financial markets. He said that the establishment of information technology infrastructure in the capital market and the establishment of mutual investment funds for the development of Islamic markets is one of the most important aspects of the memorandum of understanding Signed between the two sides.

For his part, the Chairman of the Securities Commission in Iraq expressed the hope that the bilateral memorandum of understanding will expand the horizons of cooperation between the two countries in financial fields.

He pointed to the good economic relations between the Iraqi and Iranian peoples. He added that Iraq looks forward to benefiting from the valuable Iranian experiences in the field of financial markets, enhancing the exchange of information and enhancing the level of specialized information in this field.


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