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Nasdaq Helps Set Up Iraq Erbil Bourse After Qatar Stake Sale

Nasdaq OMX Group Inc. is helping to set up a trading system for the Erbil Stock Exchange, which Iraq’s semi-autonomous Kurdish region plans to start operating by June, the new bourse’s chairman said.

At least 25 companies will list shares on the Erbil exchange by the end of 2014, Abdullah Ahmed Abdulrahman said today in an interview in the northern Iraqi city. Trading will begin with an estimated volume valued at 5 billion dinars ($4.3 million) to 6 billion dinars, he said.