BSE decides to go 'Arab'; joins hands with Egypt
Published: Jul 27, 2017
By TIOLCORPLAWS News Service
NEW DELHI, JULY 27, 2017: THE Egyptian Exchange (EGX), the oldest and most open market in the Middle East and North Africa, yesterday signed a Memorandum of Understanding (MOU) with Bombay Stock Exchange (BSE) to build capital flows and communication channels. The MoU includes mutual cooperation and the exchange of information across both Exchanges business areas.
Through this MoU the two exchanges have created possibilities for a range of opportunities to be studied and explored for the development of their businesses, products, and markets, and to share knowledge and build on both exchanges' strategies of strengthening international connectivity.
The Executive Chairman of EGX, Dr. Mohamed Omran said that this MoU further complements EGX's strategy to cooperate with global exchanges beyond its traditional markets in Africa, the Middle East and Europe. EGX and BSE both boost a long history of being in existence and business over 100 years.