Wednesday, February 18, 2004

SIGNS OF PROGRESS
Iraq's Governing Council is to discuss proposals for a revamped Iraqi stock exchange later this week.
The talks follow months of preparatory work aimed at putting the country's financial markets back on their feet after last year's war.

The new Iraqi bourse would be run in line with international corporate governance standards.

It would also enable foreign investors to buy shares in local companies for the first time.

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