Under the patronage of the Prime Minister of Iraq, Mr. Mohammed Shiaa Al-Sudani, and the Deputy Prime Minister of Oman, Mr. Shihab bin Tariq Al Said, a signing ceremony was held for two memoranda in the securities sector, along with a number of other memoranda of understanding in various fields. Th

A Memorandum of Understanding (MoU) was signed between Iraqi Securities Commission and the Capital Market Authority of the Sultanate of Oman, aiming to strengthen cooperation in the areas of information exchange, capital market supervision, combating prohibited practices, and enforcing securities laws and regulations.

The MoU also includes the exchange of studies, research, and regulatory expertise, as well as the development of human resources through training. In addition, it explores avenues for cooperation in new areas such as dual listings, issuance of Islamic Sukuk, and regulation of custodian activities.

This agreement represents an important step toward developing a more transparent and equitable investment environment and supporting the legislative and regulatory infrastructure of the market.

In the same context, a Memorandum of Cooperation was signed between the Iraq Stock Exchange and the Muscat Stock Exchange, aiming to build a strategic partnership between the two markets through the exchange of technical information and knowledge in areas such as listing, trading, clearing, settlement, and depository services.

The MoU also includes cooperation in market data exchange, development of risk management and compliance mechanisms, and promotion of joint listing opportunities for listed companies. Furthermore, it facilitates cross-market trading and cooperation in the field of financial technologies (FinTech), alongside the exchange of relevant studies and research, and the organization of specialized training programs for market participants and investors. This is expected to enhance the efficiency of both markets and improve their services in line with international best practices.

These memoranda reflect the commitment of Iraq and the Sultanate of Oman to strengthening economic and financial ties, and to developing their capital markets in a way that serves the interests of both countries, supports investment attraction, and contributes to diversifying sources of economic growth.