Arbil Stock Market to start in 2011

ARBIL / IraqiNews.com: The Arbil Stock Market will start working during the first quarter of 2011, the project’s executive director said on Tuesday, explaining that the market startup capital will be around $10 million. “This market should become the strategic axis that will transform the economy of Kurdistan from relying on oil revenues to producing income through local and foreign investments,” Dr. Nabil al-Ithari told IraqiNews.com news agency. He explained that the market will encourage creativity that will develop Kurdistan’s economy. MH (P)/SR 4