Wednesday, 29 February 2012

Promising signs out of Iraq for global investors - The National

With the Iraq index up nearly a fifth on last year and the release of an oil export bottleneck on track, Iraq is looking promising for investors.

The economy is set to expand 12.6 per cent this year, according to the IMF, the fastest rate in the Middle East and North Africa.

It is this speedy growth that is catching the eye of investors, to the extent that EFG-Hermes, the biggest publicly traded Arab investment bank, has started offering an equity-swap product linked to Iraqi securities.

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