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Baghdad Stock Exchange Swiss entice investors


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Baghdad Stock Exchange Swiss entice investors
Bern - Talal Salama
Friday, February 22, 2013

No secret Swiss experts admiration Baghdad Stock Exchange, which was the largest in the Middle East in terms of capitalization, which succeeded in overcome Kpltha crisis nearly six years. And confidence returned to it after the companies began Asian and Gulf investment at a good pace, and telecommunications company «ACL recently invested 25 percent of its shares in the Baghdad Stock Exchange that they have become experts confirmed stock investors who seek to risk.

As billions of dollars are being fed into the stock market, became the Swiss investors change their future plans in the Middle East, the Swiss Funds may withdraw from certain Arab countries to better business opportunities. The world is both fixed and mobile telecommunications Engine president of the Baghdad Stock Exchange, and noted that the value of the shares of the telecommunications companies jumped from 4.7 to 9.6 billion dollars. And thus succeed bourse in giving momentum to the stock exchanges in the Middle East, and the shares of «Zain Iraq», a subsidiary of «Zain», and shares «Korek Telecom», which acquires the company «France Telecom» on about 45 percent of the its shares, in Baghdad became guaranteed within a short period.

Swiss analysts pointed out that Iraq embraces is the fastest growing market in the world, a market of telecommunications, and the shares of these companies are very promising process for Arab and foreign investors they will generate good profits.

Although the growth of the banking sector is still weak, but that the atmosphere of optimism exists, and a large number of Swiss institutions builds business in Iraq hopes the sectors of telecommunications, banking and insurance.

European experts pointed out and that the Swiss banking stocks are the most penetrated the Baghdad Stock Exchange since 2004, and the shares of about 90 companies, mostly belonging to the Arab investment destinations, working in the sectors of finance and services, industry and tourism. The bourse rebounded temporarily in 2009 with the introduction of e-commerce.

In spite of the impressive Switzerland growth Baghdad Stock Exchange, the Swiss economists find that improvement faces several hurdles, most notably the heavy reliance on oil, and lean growth in the private sector and the inability of the legal structure for the implementation of any process of modernization. And inflame the fragile security situation and political differences between the officials, the dangers of investing in the markets of Iraq in general and especially the Baghdad Stock Exchange.

 

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