Iran General NewsIran may list $90 billion energy company in Dubai,...

Iran may list $90 billion energy company in Dubai, MEED says

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Bloomberg: Iran may list a $90 billion energy holding company on the Dubai International Financial Exchange to attract investment to its oil and gas industry, the Middle East Economic Digest reported, without saying where it got the information.
By Matthew Brown

March 16 (Bloomberg) — Iran may list a $90 billion energy holding company on the Dubai International Financial Exchange to attract investment to its oil and gas industry, the Middle East Economic Digest reported, without saying where it got the information.

Iran, which is in talks with the Dubai exchange, is also considering a joint listing in Europe or Asia, MEED reported. The listing on the Dubai market may be opposed by the U.S. government, the weekly magazine reported

The United Nations Security Council voted March 3 to tighten trade, travel and financial sanctions against Iran for the country’s refusal to suspend nuclear work that might lead to an atomic bomb.

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