Iraqi Companies to List Shares in London and NY?

[humveee]

"secondary listings for local companies on bourses in London and New York would eventually attract extra liquidity and boost trade."

http://www.iraq-businessnews.com/2012/06/01/iraqi-companies-to-list-shares-in-london-and-ny/

[SocalDinar]

Sorry Humvee i posted this also after you. bumping your post.

I think ANY global financial news dealing with Iraq is good for us and of course a step in the right direction!!

[TrinityeXchange]

yes, this was posted in the isx section a couple of days ago (link). essentially the isx is looking to expand to increase its liquidity by utilizing "global deposit receipts" in foreign exchange markets. they trade just like any other security on the nasdaq. this is what many of us isx investors have been waiting for and why we have jumped into the isx early willing to face the risk involved. we know that as the isx increases in capital, all of those who got in on the ground floor will stand to make huge profits. to me the rewards outweigh the risk. $10k on the isx now could turn into $1M 5 years from now.

once the political drama is quelled and the economy continues moving forward, iraq will become more and more attractive to foreign investors. at least this is what i am looking forward to. one cool thing about establishing relations with iraqi brokers is that we will not pay the premiums that the non-iraqi foreign exchange brokers will charge.