TNT
Tishwash:
The Iraqi Stock Exchange joins the “Tabadul” platform in cooperation with the Abu Dhabi Securities Exchange.
A memorandum of understanding was signed today, Wednesday, for the Iraq Stock Exchange to join the “Tabadul” platform, in cooperation with the Abu Dhabi Securities Exchange.
During his participation in the signing ceremony, Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, said, “Iraq’s accession to the exchange platform represents a qualitative leap in the development of the Iraqi financial market infrastructure, strengthens regional economic partnerships, and opens new horizons for local and international investors.”
At the end of 2024, the Authority’s Chairman discussed with the CEO of the Abu Dhabi Securities Exchange Group, Abdullah Salem Al Nuaimi, the signing of a joint cooperation agreement aimed at exchanging expertise and developing work mechanisms in the capital markets, according to a statement issued by the Iraqi Securities Commission. link
Talabani calls on Japan to expand its investments in the region.
Pavel Jalal Talabani, President of the Patriotic Union of Kurdistan (PUK), received Akira Endo, Japanese Ambassador to Iraq, in Sulaymaniyah.
During the meeting, the two sides discussed the latest developments in the Middle East and emphasized the need for a peaceful resolution to problems. Both sides agreed to expand cooperation and bilateral relations between the Kurdistan Region and Japan at all levels.
According to a statement from his media office, Talabani spoke about the active participation of Japanese companies and investors in the Kurdistan Region’s markets, expressing hope that Japan would expand its investments in the Kurdistan Region to strengthen infrastructure and provide job opportunities. link
The International Monetary Fund expects a decline in the inflation rate in Iraq.
The International Monetary Fund (IMF) predicted in a report issued in April of this year the inflation rate for Arab countries, indicating that Iraq’s inflation rate will decline slightly in 2025.
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According to data reviewed by Shafaq News Agency, “the annual inflation rate in Iraq recorded 2.6% in 2024, compared to 4.4% in 2023 and 5% in 2022.”
The IMF expects Iraq’s inflation rate to decline slightly in 2025 to 2.5%, rise to 2.7% in 2026, and reach 3% in 2030.
According to the data, Bahrain is expected to experience the lowest inflation rate among Arab countries in 2025, at 1%, while Sudan will have the highest inflation rate, at 100%. link
MP: The budget cannot be delayed and Parliament will discuss it next week.
State of Law Coalition spokesman MP Aqeel Al-Fatlawi announced that Parliament will discuss the budget law next week .
Al-Fatlawi said, “The House of Representatives will discuss the budget law in next week’s sessions. The budget cannot be halted or delayed. Rather, there is sufficient time to approve it before the end of the current parliamentary session.”
Last February, the House of Representatives voted on the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 – 2024 – 2025) No. (13) of 2023 link
Source: Dinar Recaps
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