Home
News
International companies involved in Erbil Stock Exchange
06/26/2014
Basenyoz - Arbil
approved the Union of Arab Stock Exchanges ( AFE ) membership Exchange Erbil Stock Exchange in which to become the member number 18 in the Union, came through the participation of Arbil Stock Exchange at an annual meeting of the Arab stock markets in Dubai, United Arab Emirates .
announced Abdullah Ahmed Abdel Rahim President of Council Exchange Arbil told (Basenyoz), for 'approval of the Union of Arab Stock Exchanges on request Stock Exchange Arbil to join the Union after studying her.'
and stressed that 'membership of the Union of Arab Stock Exchanges will open the doors of the various markets participating in it in front of the membership Exchange Erbil, and therefore the possibility of training and rehabilitation cadres market Arbil Securities and benefit from the expertise available in the rest of the market to participate in the Union ', explaining that' the exchange of experiences will be through meetings, workshops and qualifying sessions, in addition to the issuance of market studies and statistics'.
Regarding the preparations carried out for the opening of the market Arbil Securities, pointed out Abdul Rahim to be 'preparations are under way according to plan its stomach and are waiting for the system to work mail your stock exchange, and to be prepared by Nasdaq U.S. is expected to be finalized in late August next.'
With regard to the affairs and functions of the Stock Exchange of Erbil, said Abdul Rahim said 'Market Arbil working according to plans Arab Stock Exchange, and waiting for the system to work from a company (NASDAQ Aumiks) the end of August next. "
confirmed managing director of Arbil Stock Exchange it 'in the absence of objection impediments to work, it is expected to be the opening of Arbil Stock Exchange at the end of the year current, and work on the buying and selling shares of companies, especially that there are large numbers of well-known companies registered in Burstna gave guarantees and credits required, is expected to participate the majority of companies in the Kurdistan region in Arbil Stock Exchange. '
and said that 'transactions for the purchase of shares of companies will be the Iraqi dinar , we do not believe that the opening of the stock market will have an impact on the rise or decline in the dollar or dinar '. Noting that 'accession market Arbil to the Arab Union the number of members of the Union of 18 members. "
It is worth mentioning that the market Arbil Securities was a proposal from the private sector to support the government of the Kurdistan region, and for the upgrading of Kurdistan to be a gateway for investment in Iraq, and encourage companies to enhance the reality of economic and handle its shares.
[You must be registered and logged in to see this link.]
