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FinancialNews
31-07-19
Investment funds between Iraq, Iran to be set up
(MENAFN) Iraq and Iran were announced to have signed a memorandum of cooperation (MoC) aimed at the formation of join investment funds.
Under the agreement, Iraq and Iran will be setting up an SEO branch in Iraq along with establishing a platform for the exports and imports of products via the branch.
Both countries will also be offering legal and technical advice on the capital market as per the deal.
Head of Iran's Securities and Exchange Organization (SEO) Shapour Mohammadi stated: "unifying the legal regime of the Iranian and Iraqi capital market is one of the provisions of the memorandum, which will be overseen by a bilateral joint committee."
Meanwhile, Chairman of Iraq Securities Commission Alaa al-Saedi affirmed that with the "conclusion of this agreement, exchange of information and experience with Iran will take place in a specialized and advanced manner."
MENAFN3107201900450000ID1098826311
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