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Preparations for the opening of the first stock exchange in Basra

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Shredd

Shredd
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Preparations for the opening of the first stock exchange in Basra

30.01.2012
Announced the committee charged with establishing the first stock market in the province of Basra that barriers to administrative, legal, led to delay the opening of the market.

Chairman of the Committee Karim Nasser in an interview with Radio Free Iraq that the Commission is negotiating at present with the companies and banks and investors in preparation for the opening of the market. For his part, President Federation of Iraqi businessmen in Basra Sabih al-Hashemi that the establishment of the market will revive the sector, the financial investment in the province, expected to lead the market to reduce the phenomenon of migration of domestic capital.

The Iraqi investors announced last year for their quest to establish a market of Basra to securities such as market Iraq Stock Exchange in Baghdad, but the market-based Albradaah area near the city center did not open up to now, after he was expected to begin its work early this year.

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