View Full Version : ISX market "continued growth" despite violence and calls for new laws to revive only

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06-08-2014, 05:35 PM
2014/06/08 (00: 01 pm) - hits: 92 - number (3096)

Iraq stock exchange market "continued growth" despite violence and calls for new laws to revive only (http://almadapaper.net/ar/news/465899/%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%84%D9%84%D8%A3%D9%88%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%8A%D8%A4%D9%83%D8%AF-%D8%A7%D8%B3%D8%AA%D9%85%D8%B1%D8%A7%D8%B1-)

Baghdad/range press

Confirmed Iraq market for securities, said Saturday that the market was continuing to implement its responsibilities and growth despite "difficult security situation", indicating that the movements of terrorists did not prevent contact with Arab and foreign investors, as the Iraqi economy needs sources other than oil for its revitalization, called "new and necessary laws" regarding the stock market and investments in the public and private sectors.

The Director of the Iraqi stock exchange (ISX) Taha Ahmed Abdul Salam Al-Rubaie told the Arabian beznz Arabian Business website economic obtained (term), "despite the difficult security situation, the market continues to defy the situation with continued economic progress forward."

Rubaie said, citing "our work to do, and we strive to deliver", stating that "investors, particularly foreigners understand that there are movements of terrorists, but this does not prevent contact with work still have the power to manage the business, and many of the customers who have contributed to market investment market to continue their visit.

Rubaie said that "there are barriers limiting market activity is not necessary for the legislation of the stock market and other investments that would enhance the movement of the stock market in the country and support the private sector."

Rubaie said "continues to present draft laws presented in Parliament almost five years ago and is awaiting approval by the Parliament and the Government to apply".

Rubaie revealed that "the country's economic growth rates of GDP, annually between 7% to 9% and possibly up to 13%, 90% of this growth coming from the oil sector, with the remainder is coming from sectors other than oil."

But "we want to see the local economic growth rate will come from other sectors, not only oil, and upgrading infrastructure for the development of the private sector to contribute to the high rate of GDP growth for the country," adding that it "will not be achieved unless we start new laws ensure that laws encouraging Iraqis and non-Iraqis to invest with the private sector".