Ahmed Tabaqchalli, Chief Strategist of AFC Iraq Fund, talks about the development of Iraq’s capital markets, the influence of artificial intelligence, and the prospects of cryptocurrency in a recent video from AI4Iraq.
AI4Iraq is a non-profit organisation with roots in Iraq, Lebanon and Hong Kong. According to its website:
“we’re a group of secondary faculty college students of Iraqi history excited to be a part of the roll-out of next era era for the betterment of Iraqi society. Our targets are in-line with the UN 17 Sustainable development goals (SDGs) by way of 2030.”
Key factors from the interview:
Iraq stock market Context
Iraq is considered a “frontier market of a frontier market” due to its history of conflicts
The market has recently reached new highs but has most effective returned to 2014 levels, even as different markets have grown a whole lot in addition
modern stability (relative to Iraq’s records) is enabling commercial enterprise increase and development
marketplace development and investment weather
Baghdad is experiencing big development and advanced safety in comparison to five years in the past
The u . s . is seeing a business boom driven through:
Relative political stability
sturdy oil costs in 2022 providing authorities spending energy
Banking gadget enhancements
developing non-public zone development
market demanding situations
Technical demanding situations:
loss of marketplace makers and proper bid/provide shape
Predominantly retail investors as opposed to institutional traders
restrained marketplace liquidity
Underdeveloped marketplace structure
Regulatory environment
mix of socialist, market-driven, and new guidelines
Contradictory guidelines and old structures nonetheless in location
Regulatory framework is evolving however usually lags in the back of market developments
shifting in the right course, albeit slowly
Institutional investment
preliminary interest from institutional investors all through 2009-2012
hobby declined after ISIS (dash) emerged
future institutional investment depends on:
progressed marketplace overall performance
modified international perception of Iraq
higher market get right of entry to and clarity
era and AI effect
AI seen as a treasured tool however now not right away relevant for trading in Iraq due to:
insufficient market liquidity
lack of interconnected markets
Absence of developed derivatives and foreign money markets
more instantaneous AI programs in:
Compliance tracking
sample popularity
hazard management
economic Innovation
restricted capability for cryptocurrency adoption due to:
want for monetary balance
critical bank necessities
Volatility worries
Reserve currency issues
investment advice
Emphasis on thorough research and due diligence
information danger-reward ratios
lengthy-time period attitude wished for frontier market making an investment
significance of staying power in managing market improvement
Click here to view the full interview.
