Stock exchanges in Iraq, Egypt sign agreement to increase investment

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Stock exchanges in Iraq, Egypt sign agreement to increase investment

On Monday, the Egyptian Exchange (EGX) and the Iraq Stock Exchange (ISX) signed a cooperation agreement to improve their interactions with one another regarding investments.

The agreement was signed by the Chairman of the Iraqi Stock Exchange, Thaer Adnan Hashim, and the Chairman of the Egyptian Exchange, Ahmed El-Sheikh, with the participation of the Chairperson of the Iraqi Securities Commission, Faisal Al-Haimus, and other officials from both sides. Its primary objectives will be to foster more collaboration and knowledge exchange in areas such as legislative updates, investment awareness, mutual investment, and the transition to a digital economy.

El-Sheik said that the understanding plans to furnish financial backers in the two nations with key information expected to support their joined interests in the two securities exchanges.

The arrangement likewise expects to make agreeable preparation programs for recorded organizations and financier firms to further develop information sharing, as per El-Sheik.

Al-Haimus made sense of that the understanding addresses a critical stage in encouraging nearer business relations among Iraq and Egypt.

Al-Haimus also clarified that fostering closer ties between the two markets will assist in attracting investment from abroad and sustaining economic growth.

The arrangement is likewise expected to work on the foundation of the monetary business sectors in the two nations by consolidating worldwide accepted procedures and using state of the art innovation.