Joint Arab Stock Exchange is seeking to launch a specialized exchanges with "NASDAQ OMX"

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May 1, 2014 10:56  




I decided all of the Arab common stock holding or Nasdaq. Em. X build on the findings of the accomplishments achieved by the two sides of each to enter into a partnership long-term strategy to establish an integrated system of specialized exchanges involved in the construction of the private sector in the Arab world to establish and ownership of local exchanges in each market separately Arabic.

The interest of the Arab League, the economy has led to the initiative of the King His Majesty King Hamad bin Isa Al Khalifa to host the headquarters of the Arab Stock Exchange involved in the Kingdom of Bahrain, also won this initiative blessing of the Arab leaders at a summit in Riyadh Economic 2013 Service for Arab markets from the Kingdom of Bahrain.


According to the newspaper the country


See all of the NASDAQ OMX stock exchange and the joint Arab Holding importance to establish a business partnership to service and develop the financial markets in the Arab region through the strategic partnership and cooperation begins with the signing of a memorandum of understanding between the two parties.

Be on top of their tasks to develop the Arab capital markets through the development of mechanisms to accommodate Arab and foreign investors to facilitate the flow of investments to companies and development projects over the entire patch Arab world.

And plans to all of the NASDAQ OMX Stock Market Arab Common enter into an agreement which allows for both parties in collaboration deeper with each other on the NASDAQ OMX to provide expertise accumulated over the years of the Arab Stock Exchange common since the beginning of the launch until the completion of the system of Arab Stock Exchanges in common.

"Embarked bourse Arab common over the past year on the development of plans and studies and business models appropriate for the development of the investment environment, the Arab and the development of flexible mechanisms to ensure the flow of capital, the Arab, regional and foreign to the development projects of all sizes and sectors in the Arab world," as reported by the head of the Governing Council of Arab Stock common travel Al-Harthy. 

He added, "We found in the desire of the NASDAQ OMX leading company in the field of management and the establishment of stock exchanges specialized to enter into a strategic partnership with long-lasting Arab Stock Common opportunity to work together to further develop and deepen the Arab capital markets with the active participation by the private sector."

In order to achieve the first two parties agreed to form a working group to develop a strategic partnership between the two frames to end the first step in the establishment of the Stock Exchange President of Land of the Kingdom of Bahrain.


It is scheduled to be the system of Arab Stock Exchanges as a common platform for the inclusion of different types and sizes of companies contributing to the family businesses and state-owned companies, securities and financial instruments, both conventional and Islamic through platforms specialized, including the products of finance and real estate investment sector endowment.

Put the stock exchange common Arab Holding a unique model for the performance of its business is based on providing quality services to the markets of primary and secondary schools both in order to bring about the required balance in-between, as developed bourse Arab common within the model mechanisms to absorb investments of Arab citizens of foreigners in joint development projects in the Arab world .

"The NASDAQ OMX Arab League initiative is an important opportunity has to help the Arab Stock Exchange joint further development of Arab financial markets," he said so Lars Oterschord, Senior Vice President of Technology Capital Markets for NASDAQ OMX, also added, "We look forward to exploring all opportunities with the Arab common stock in this important development. Founded Arab common stock based on a decision holding a summit in Riyadh in economic and January 2013 at the initiative of His Majesty King Hamad bin Isa Al Khalifa of Bahrain to host Arab common stock and give them a piece of land to build its headquarters. 

For his part, said founder and Chairman of the Board travel Harthy "Arab common stock represented a dream Arab action in order to achieve many of the scientists interested in developing the economy and financial markets throughout the Arab past three decades.

He added, "Today this occasion renew my thanks and gratitude to His Majesty the King for his initiative to host the headquarters of the Arab common stock as one of the economic integration projects led by the private sector in the Arab world." He said, embarked stock over the past year on the development of plans and studies and business models appropriate for the development of the investment environment and the development of flexible mechanisms to ensure the flow of money Arab, regional and foreign to the development projects of all sizes and sectors in the Arab world the beneficiaries of the work environment created by Bahrain and its financial position pioneer in the Arab region. 

The Al-Harthy said: "We found in the NASDAQ or the desire or pussy opportunity to work together to further develop and deepen the Arab capital markets with the active participation of the private sector, noting that the majority of exchanges of Arab capital markets owned and operated by Arab governments.

"It is high time that the private sector participates in the public sector establishment and management of specialized exchanges spread over the entire scope of the Arab world, as in the rest of the global markets which will achieve the required balance and deepen the capital markets of Saudi Made functioning and vitality of the private sector. For his part, Assistant Secretary General of the Arab League Mohammad Tuwaijri pleased the university about the findings of the Joint Arab Stock Exchange and OMX Nazak. Alluding to the role that could be played by the Arab private sector collaborated with the international private sector to serve the development of the Arab economy, especially the development of Arab capital markets.




http://www.ahewar.org/news/s.news.asp?nid=1655771
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