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Wednesday, July 16, 2008 12:45:12 PM

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An economic expert: The coming period will witness a greater investment in securities


BAGHDAD / Hussein Hashem
Said Yahya Al expert in securities that invest in securities in place in Iraq for a long time .. But today directed the State Economic there will be investment in the securities sector wider than before, because we believe there are many companies willing to contribute and do this activity in the area of investment securities from here, there was a need to establish a consortium of investors, whether individuals or companies, investment .. And then began a series of specialists to establish the Union of investors in securities sponsor of the works in the area of investment in this area ..

The main objectives of the Union in protecting members and preserve the value of the shares and avoiding losses of national wealth may be obtained in future stock market. And reducing the effects of speculators, including creating economic crises in the market as well as reducing the effects of the mediators, emergency and expand market activity in the area of securities dealings to include the expansion of the Iraqi and attract foreign investors .. It is then upgraded the stock market performance levels in Iraq to the world market ..
-- How can we promote a culture of the bourse in Iraq and what is their role in supporting the national economy?
* Governing Council put in front of the Russian plan of cooperation and coordination with all relevant local and foreign countries to benefit from their experiences and develop training courses and rehabilitation to improve understanding of fixed assets investment activity ... As one of the joints economy task to attract the national economy and I think this part of a continuing need to educate and inform the investors of all developments in this area .. And the Constituent Assembly a plan the event begins to complete the legal requirements of incorporation we will start to communicate with non-governmental civil third Arab and international levels. Our goals are determined in the field of securities may meet exclusively with our unions in a particular area and there will be cooperation for the economic advancement of the process. We also have cooperation with the specialized associations such as the Iraqi businessmen and the Federation of Iraqi Chambers of Commerce and the Federation of Iraqi Industries and other unions and economic organizations in Iraq to protect investors in securities. The first objective is to give real value of shares traded in the market ..


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