Kish Int’l Bourse Launch Slated for Late October

A plan to launch an international stock exchange is getting the finishing touches and is scheduled to be launched by late October, the economic deputy to the secretary of Iran's High Council of Free Trade and Special Economic Zones said. 
The new bourse will be based in Kish Island Free Trade Zone off the Persian Gulf, Ahmad Jamali said. It will open with an initial capital of $30 million, according to IRIB news. 
Domestic and foreign investors can participate in the new market.  “At least 40% of the capital is planned to be sourced from foreign investors,” he was quoted as saying.