President of the Iraqi Businessmen Union, Rida Bleibil, said that the secretariat of government has informed that Arab and foreign investors are allowed to enter the Iraqi securities market and invest up to 49 percent in the shares of listed Iraqi companies.

Bleibil added, according to Alkhaleej newspaper, that the management of the stock exchange market is expected to prepare the financial and administrative rules and establishing a special section for the Arab and foreign investors.

Experts said that the move was vital to improve and develop the Iraqi financial market.

© 2005 Mena Report (www.menareport.com)