01/10/2011 12:59
Baghdad, October 1 / October (Rn) - The Securities Commission of Iraq, on Saturday, to grant licenses to three mediations financial year 2012, instead of the opening of financial markets in all the provinces to avoid the economic problems of the complex caused by the second. The head of the Abd al-Razzaq al-Saadi told Kurdistan News (Rn) that "the Securities Commission decided to grant the licenses of three mediations financial instead of opening financial markets to function as mediating between companies and investors in the Iraqi provinces that do not contain financial markets." He added that "the opening of more than three financial markets in the Iraq cause problems of investment and financial lack of economic factors contribute to support the work of the stock market. " stressed the need for "work of local governments to the opening of the mediation market with relevant market of Baghdad, instead of going to request licenses for the opening cite financial difficult to manage compared with the reality of economic and investment in the provinces ". and that "the Iraq Stock Exchange has offered 3 brokerage firms and required to be in the provinces and not in Baghdad rather than the opening of the market that cost 2 billion Iraqi dinars." He explained that "the Securities Commission granted two licenses in Erbil and Basra, which is sufficient to activate the investment projects and linking mail between the investors. " The Iraq Stock Exchange has started operation in 2004, and shifted from manual trading to the use of screens to deal electronic in 2009 and open for trading for two hours in five days of the week. and the banking sector is the largest in the exchange, which also includes the shares of industrial companies and insurance companies and hotels and agricultural companies. The total value of shares listed on the Stock Exchange about three billion dollars. From: Jafar Allonan, the Open: Mary Basil
http://www.aknews.com/ar/aknews/2/264523/
