Latest topics
Internet outages did not affect the trading of foreign investors
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Internet outages did not affect the trading of foreign investors
[size=36][rtl]Internet outages did not affect the trading of foreign investors[/rtl][/size]
Friday, November 15, 2019
Friday, November 15, 2019
Baghdad / Mustafa al-Hashemi
The interruption of the Internet service damaged a number of financial, service and tourism sectors, which reflected negatively on the national economy as a whole, while this interruption did not significantly affect the movement of trading in the Iraqi market for securities, especially for non-Iraqi investors.
(Foreigners).
The interruption of the Internet service damaged a number of financial, service and tourism sectors, which reflected negatively on the national economy as a whole, while this interruption did not significantly affect the movement of trading in the Iraqi market for securities, especially for non-Iraqi investors.
(Foreigners).
The financial intermediary Harmer teller for "morning" that the impact of "interruption of Internet service, during the past days, in the movement of trading in the Iraqi market for securities was limited and in a very narrow range."
He explained that "non-Iraqi investors who are trading large amounts communicate with us by phone to inform us of their desire to dispose of their shares to buy or sell," stressing that "there is a special system for trading in the Iraqi market for securities through an internal network, which in turn was not affected by the interruption of Internet service in the past days Being a special system. "
Foreign trading
According to the report of the Iraq Stock Exchange for the month of October, the indicators of trading for non-Iraqis, according to trading sessions in the regular market, was represented by the number of shares traded (buy) for non-Iraqi investors (foreign) amounted to 889,015,123 shares, while the value of shares traded to them 714,623,959 million Checked through 474 transactions.
The number of shares traded (for sale) to non-Iraqi investors (foreign) amounted to 353,057,574 shares worth 392,803,306 million dinars achieved through 489 transactions.
Outage damage
For his part, economist Dr. Majid al-Baidani believes that the disruption of the Internet service in Iraq during the recent period has caused damage in the financial, banking, productive, tourism and service sectors because it is the basis in the work of these sectors.
Al-Baidhani told Al-Sabah that "the financial and banking sector has developed in Iraq in recent years, especially after the introduction of new and sophisticated systems operating through the Internet through which the transfer and receipt of amounts, whether between banks or between citizens and those banks on the other."
Transport and tourism
Baidani added that "the tourism sector and internal transport was also affected by the interruption of the Internet service, as the offices of airlines and transport by taxi are now adopting the system of electronic booking and that the interruption of the Internet has caused losses to the work of those companies or offices operating in Iraq."
`` The services sector was the most affected by the interruption of the Internet, because the dealers selling, buying and shopping from websites or shops that sell their products through social networking sites have disrupted their interests and their business, including those who provide service to deliver those products to customers. ''
Big losses
Media reported that the loss of the financial, electronic and tourism sectors in Iraq, due to the great disruption of the Internet service, pointing out that the private sector was the most affected by this interruption.
The report said that "private banks in Iraq recorded significant losses since the first interruption of the Internet in early October last, and that the combined losses of private banks and mobile phone companies, money transfer services, tourism and airline booking offices nearly 40 million dollars a day."
http://alsabaah.iq/16459/%D8%A7%D9%86%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D8%B1%D9%86%D8%AA-%D9%84%D9%85-%D9%8A%D8%A4%D8%AB%D8%B1-%D9%81%D9%8A-%D8%AA%D8%AF%D8%A7%D9%88%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%8A%D9%86-%D8%A7%D9%84%D8%A3%D8%AC%D8%A7%D9%86%D8%A8
claud39- Elite Member
- Posts : 18423
Join date : 2018-11-04
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sun Mar 10, 2024 5:58 am by RamblerNash
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej
» Dinar Daily Facebook Page
Mon Jan 22, 2024 3:34 pm by Ponee
» The Fundamentals of Finance and Pimpy Live
Thu Jan 18, 2024 7:17 am by Dinarhater
» Why Won't the Iraqi Dinar Scam Die?
Wed Jan 17, 2024 5:19 pm by RamblerNash
» Frat President Charged With Stealing $267K to Buy Worthless Iraqi Dinars
Wed Jan 17, 2024 5:05 pm by RamblerNash
» Fact Check: NO Record 'Quantum Financial System' Exists Beyond Claims In Videos, Online Articles
Mon Jan 15, 2024 6:15 pm by RamblerNash