Iraq’s Remarkable Stock Exchange

By John Lee.

Arabian Business has published a revealing interview with Iraqi Stock Exchange (ISX) chief Taha Abdulsalam al-Rubaye, outlining the incredible challenges the stock exchange has faced since its creation from the old “Baghdad stock exchange” under Iraq’s sanctions hit economy of the 1990s.

Despite terrifying security challenges, the ISX success has been monumental, but al-Rubaye notes the difficulties that still remain in promoting economic diversification and cutting red tape in Iraq.

Incredibly, the article reports how last year, “871 billion shares were traded on the exchange, with a total value of $2.371bn” and that according to market researchers FMG, the ISX has seen “the fastest earnings per share growth of any stock exchange anywhere in the world.”

You can read the full piece here.

(Source: Arabian Business)