Stock Exchange Boss Calls for Tax Breaks

By John Lee.

The Chairman of the Board of Governors of the Iraqi Stock Exchange has reportedly called for a five-year tax holiday for companies listing on the Iraqi bourse, to encourage companies to float their shares.

Laith al-Tamimi also called for the Registrar of Companies at the Ministry of Trade to expedite the incorporation by companies wishing to list on the stock market.

Regarding the requirement for mobile phone operators to be listed on the exchange, he said that Asiacell's application had "reached an advanced stage".

(Source: Al Sabaah)

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