By Ali Albazzaz and Mark DeWeaver
Among the small but growing band of investors in the Iraq Stock Exchange (ISX), the question most asked is whether 2013 will mark the start of a new bull market.
Two recent developments may help drive significant foreign capital inflows. The first is the much publicised and surprisingly successful IPO of Asiacell Communications, Iraq’s largest mobile phone company, which listed on February 3. The second is the awarding of Iraq’s first custody license, a breakthrough that few were predicting even a couple months ago and few are aware of even now. Continue reading »