The Iraqi Securities Commission confirmed on Thursday that a newly signed Memorandum of Understanding (MoU) with Egypt aims to boost cooperation, exchange expertise, and improve the regulatory frameworks for financial markets in both countries.
The MoU was signed under the patronage of Prime Minister Mohammed Shia al-Sudani at the government palace, bringing together the Iraqi Securities Commission and the Egyptian Financial Supervisory Authority. The agreement is part of an ongoing effort to foster stronger ties between Iraq and Egypt in regulating and supervising their financial markets.
According to the Commission, the main goals of the MoU are to enhance the regulatory environment in both countries and promote transparency and efficiency in line with international standards. The agreement covers several key areas, including:
- Strengthening securities trading regulations to create a fair and secure investment climate.
- Sharing technical expertise and providing training to build institutional and technical capacity.
- Combating illegal activities such as insider trading and market manipulation.
- Monitoring financial markets to ensure compliance with laws and regulations.
- Improving cooperation in investigations and information sharing to uphold professional and ethical standards.
The Securities Commission stated that this collaboration is part of ongoing efforts to develop and enhance the competitiveness of financial markets in both countries, aiming to promote economic growth and create sustainable investment opportunities.
