Erbil use DFM to establish a stock exchange

| On 2012-10-13


Righteousness electronic / Baghdad

Received the Dubai Financial Market and a high-level delegation from the Kurdistan region, in the framework of an agreement between the two sides which offers the DFM technical assistance and expertise to establish a market Arbil Securities. The visit included an intensive induction program spread over two days, during which inform the members of the visiting delegation on various aspects of working in the capital markets.

The two sides signed at the conclusion of the visit, a Memorandum of Understanding represents a general framework shows areas of joint cooperation, and ways to provide technical assistance on the part of the Dubai Financial Market of the founding of the capital market in Arbil.

The visiting delegation included eight senior officials in Erbil market for securities headed by Abdullah Ahmed Abdul Rahim, Chairman of the Board. The delegation was received by visiting a number of senior officials in the Dubai Financial Market, led by Essa Kazim, Managing Director and Chief Executive Officer of the Dubai Financial Market. The visit comes within the framework of the market's keenness to support the efforts of the development of financial markets in many Arab countries on the one hand and build bridges of cooperation with various global markets on the other.

The program addressed induction introduction to the major components of the capital market, and introductory presentation on trading systems and the technical aspects of the management, maintenance, and control processes, and systems depository, clearing and settlement, and the work of guardians and investor services. The program also included presentations about the activities of tariff listing and financial services. It was at the end of the visit organized tour to the visiting delegation in the different market segments.

Said Essa Kazim, Managing Director and Chief Executive Officer of the Dubai Financial Market: "We are keen continuously consolidate cooperative relations with various Arab bourses and global levels contribute to the exchange of knowledge, experiences and international best practices. Has represented this visit is an opportunity to brief the members of the delegation on the essential ingredient for the development of markets money based on the great balance of the Emirate of Dubai in this area being the financial center and the main gateway to the markets of the Middle East. "

He added Kazim: "The development of the capital market in the Kurdistan region is an important step to move the economy of the region into a new phase of growth and enhance its ability to attract foreign investment, which will benefit the development and growth of many economic sectors. In this regard, we in the Dubai Financial Market put our large and rich experience in the development of capital markets in the reach of the Kurdistan region, as we have already made ​​to other sister countries, including Yemen, Sudan, and we hope that this visit will be the starting point for an extended relationship of cooperation with the stock market in the region. "


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