AK News reports that the Erbil Stock Exchange has opened for business.
“The Kurdistan regional government (KRG) has continually strived to create an environment for the local businessmen and traders to have shares in the local companies of Kurdistan,” the secretary of the high economic council of KRG, Izzat Mullah said.
Erbil stock market is possibly creating an opportunity for local businessmen to use their money inside Kurdistan. It will also be a secure place for the foreign investors to keep their money safe in Kurdistan, Mullah noted.
The head of Kurdistan Investment Commission, Ahmed Rekani noted “we must deal with the stock market seriously, because it is a new stage for the economic sector in Kurdistan.”
A local economist, Shamal Nuri, believes that it will encourage local investors and businessmen to invest and participate in the current reconstruction process in Kurdistan.