Traders: investing in Iraq? Stick to banks, hotels
Baghdad, October 19: In the run-up to a major investment conference in Washington, traders at Iraq’s stock exchange pitched their ideas for where foreigners should put their money for the best return — banks and hotels.
“I would recommend the tourism and banking sectors (for foreign investors),” said Ali Jamal, a senior broker for Al-Jawhara, an investment firm.
“Especially tourism because new hotels are being built and existing ones are being refurbished — the door is being opened for investment in tourism,” he added.