Businessmen seeking to establish a stock exchange and the Council of Iraqi businessman - Gulf in Basra

Admin Thu Aug 28, 2014 2:57 pm

28/08/2014 16:58

Long-Presse / Basra
Detection Businessmen Union in Basra, on Thursday, to his quest to establish a market Basra Securities, and as he emphasized the association with urban economic development in the region, emphasized the pursuit of Iraqi businessmen and Gulf of Kuwait and the UAE to establish a business council optical Gulf, while pointing a former deputy to put the project before five years but faced difficulty lack of intermediary banks for the deposit and the absence of laws in this area.

The head of the Confederation of Businessmen in Basra Sabih al-Hashemi said in an interview to the (long-Presse), said that "there is a tendency to create a market for securities in the province of Basra in the coming months," noting that "the local government in the province supports this trend and the market to be established in Basra, at least importance for the Baghdad market securities. "

He also added that "the businessmen in the province in the process of finding a building worthy of this project and do the administrative procedures for the establishment of the stock market," adding that "this market will be linked with the market leaves Baghdad and Kurdistan and the region of the importance of Basra in economic terms."

He Hashimi to "the pursuit of Iraqi businessmen and Gulf of Kuwait and the UAE to establish a business council optical Gulf shall move the wheel of economic and trade through the presence of a sincere desire among companies and businessmen from countries around the world to work in Basra in the economic sectors, investment and trade."

For his part, former MP for the province of Basra, Abd al-Hadi al-Hassani, said in an interview to the (long-Presse), "The stock market in Basra is a project that has a positive impact on the economic work in this city and make the city of reassurance for companies and businessmen from all over the world."

He said al-Hassani, "submitted a draft market Basra Securities before about five years ago but faced an obstacle, a lack of banks are intermediates for the deposit and out of funds, as well as the absence of laws that would encourage a comp covalent, which depends upon the stock market."

Promised Hassani establishing a market for Basra Securities "would create a situation of confidence among businesses and investors that their money reserved and raise the pace of economic movement and gives a positive indication that the economic work in the province of Basra through high transparency in the Declaration of financial figures and the shares of companies in accordance with the criteria of economic arguing globally ".

The first city of Basra in Iraq economically and third in terms of the size of the population and is one of the cities on the economic level of the active region of what possessed of economic activity and oil stocks but they need to promote the association and its level of economic cities in the world.

Basra has seen after 2003, active in trade across its border and entering the investment companies in which to operate as well as compete with major international companies to invest in its oil fields and the extraction and export of crude oil, which reached the rate of oil export about 2.00065 million barrels a day, according to officials at the South Oil Company.

http://www.almadapress.com/ar/news/36004/رجال-أعمال-يسعون-إلى-تأسيس-بورصة-وم