- The Washington Times - Tuesday, December 27, 2005

Three weeks ago, the Iraqi Stock Exchange opened permanent headquarters in Baghdad after more than a year in temporary housing, raising hopes for further improvements in an already emergent Iraqi economy.

The exchange lacks the high-technology equipment American planners had urged, but that hasn’t deterred Iraqis from investing and executive trades — nor has the ongoing war deterred them. “We were buying and selling and there were bombs around, shooting and fighting but nobody got scared, they just continued buying and selling,” Talib Tabatabaie, the exchange’s chairman, told the Financial Times in May. “You do not do this unless there is faith.”

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