View Full Version : Starting Exchange Erbil end of 2014 to promote investment in the country

Hue Mi
04-02-2014, 06:22 PM
2014-04-02 (00: 30 pm) - hits: 180 - number (3047)

Starting Exchange Erbil end of 2014 to promote investment in the country (http://almadapaper.net/ar/news/462170/%D8%A7%D9%86%D8%B7%D9%84%D8%A7%D9%82-%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D8%A3%D8%B1%D8%A8%D9%8A%D9%84-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-2014-%D9%84%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D8%A7)


Erbil/range press

The Iraqi stock exchange, said the market for Erbil securities will open in the last quarter of the year, "and stressed that it would be" a qualitative addition to the investment in the country, with the number of companies in the Kurdistan region with "five out of 21,000 companies, expressed the hope that" more to start working in Arbil."

He said the Iraq Securities Commission Chairman Abdul Razak Al-Saadi told (term), on the sidelines of an economic conference held in Erbil in cooperation with securities in Iraq and economy in Kurdistan, "the stock market is open to companies that will suffer when inserted some benefits, including easier access to funds on investments and evaluated through investors in the stock market."

Saadi added that "the stock market will start its work soon in Erbil," pointing out that it "will be a qualitative addition to the investment in the country."

Said the Chairman of Erbil securities market Abdulla Ahmed Abdul Rahim, "the number of companies in the region with five companies," expressing the hope that "the rising number of companies contributing to Kurdistan."

"The infrastructure of the market to the securities has been completed and the contract last year with Luis birker appropriate American securities", pointing out that they "give us advice and technical and legal consultancy, likely at the same time" opens market to stock in the last quarter of the year 2014".

In turn, the Director-General of registration of companies in the Kurdistan delzar Ismail Ahmed "stated by the importance of the transfer of limited companies into joint stock companies that market to the securities companies needed to start its work," the Supreme Council of the territory's economy pays special attention to the subject, and has a number of special committees.

"The total number of firms in the territory reached nearly 21,000 companies including 17,800 national company, 2730", noting that "special measures to urge companies to convert to stock companies.

Ahmed stressed that the "future plans is to encourage factories in the territory to enable this important part of the economy."

The Iraq stock exchange market called, last January, banks and mobile phone companies operating in the country to go through it, and called on the Government to sell its shares in the mixed sector companies, to encourage capital formation and achieve stable economic development, indicating that market to the securities during the current year, which will open new perspectives for investors as a separate market but two trading companies, while financial expert's opinion that the market suffered from the absence of institutions chock to minimize price fluctuations And reduce the risks and increase the speed of trading.