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Foreign investors show great interest in the stock market
On: Sat 31/12/2011 6:18
□ Baghdad / follow-term economic
forecast of the number of foreign investors to increase foreign interest in Iraq's fledgling stock exchange next year after the main index jumped more than 30 percent this year, noting that Iraq's economy will become the fastest growing in the world during the next decade.
Sharif said Salem official with the Abu Dhabi Investment Authority was "still interested in the Iraqi market and the outlook will not change because of what is happening now," noting that "the company is counting on investing more money at the beginning of next year when the open market."
For his part, said Bartle Bull partner in the Northern Gulf Partners, which manages the fund partners, Iraq 1 of investment, of the company: "Iraq will become the fastest growing economy in the world during the next decade and we expect to be reflected on the listed companies in the country."
He added, "no doubt foreigners would continue to record net purchases in the Iraq in 2012. "
asked Paul, "where investors can find economic growth, a pioneer and a wealth of resources at the post-war?".
noted that foreign investors who have registered net purchases in the local bourse this year, bought the shares worth $ 150 million, and argued that political unrest and security concerns did not significantly affect the appetite in the Iraqi Stock Exchange.
states that, despite the small Iraqi Stock Exchange compared Exchanges regional and other world has proven to be more robust in the face of the global economic slowdown, it is one of the few stock markets that offer enormous opportunities for growth .
In the meantime, the head of market Erbil Securities Abdullah Ahmad said the new year will witness the launch of the market.
He said Ahmed, told the Kurdish news agency (Rn) was scheduled to begin market Erbil Stock Exchange to exercise its work and activities during the year 2011, but the emergence of some obstacles, and because of routine procedures delayed activation of the work (Exchange) Arbil to the beginning of next year.
He said the implementation of some routine procedures contributed to the postponement of the opening market Erbil Stock Exchange, but that all actions have now been completed and was mostly related to the approval of the federal government, "noting that "proceedings were delayed in Baghdad, and now has been completed all the steps required for the opening of the market."
stressed Ahmed, the beginning of next year 2012 will the opening of market Erbil Stock Exchange formally, and will be located in Brosh Erbil itself.
so called expert industrial Amer Jeweler to the importance of re- corporate restructuring of the Ministry of Industry in order to activate and promote the industrial sector of Iraq.
The Jeweler Agency (news): The process of industrial development in the country needs the concerted efforts of all the components of the state to regain its position and strength, and this comes through following the laws and regulations issued by the the legislative, executive, and activation of the private sector to take its role in the advancement of this important sector.
The Jeweler: the Ministry of Industry with companies and labs several but they have no real role and effective in the process of industrial development of the country, calling for restructuring of the road through the season as the head of Board of Directors for the post of Director-General, in other words, there can be one person has two positions to manage a huge company and large.
He pointed out: that the Director of the company he must employ all the plans that placed him by the Board, stressing the need to involve the private sector in accordance Law issued by the General Secretariat of the Council of Ministers in (2008), that must involve the private sector with a year in the structuring of corporate governance of state-owned.
and that the work environment in all state departments do not deal with the private sector in a manner the partner, but his dealings as a "sector came to take away State property ", adding that the private sector has no legal protection for its products.
It is noteworthy that there is a group of foreign companies and local negotiating with the companies of the Ministry of Industry to enter into partnership with them to develop and promote it, including the Company vegetable oils, which is negotiating with Spanish companies and Jordanian and Iraqi to enter a partnership with them.
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