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Source: Thomson Reuters.   Last updated on Jan 23, 2019 at 21:07PM (UTC).   Delayed by at least 15 minutes.
Qatar Stock Exchange Signs MoU with Borsa Istanbul
Aug 30, 2015
Qatar Stock Exchange (QSE) and the Borsa Istanbul today signed a Memorandum of Understanding (MOU) at the QSE premises in Doha.  The purpose of the MOU is to formalize cooperation between the two markets. The Memorandum of Understanding was signed by Mr. Rashid bin Ali Al-Mansoori, CEO of Qatar Stock Exchange, and Mr. Tuncay Dinç, CEO of Borsa Istanbul in the presence of the Turkish delegation representing Borsa Istanbul.

In the signing ceremony, Mr. Al-Mansoori stated that "I am delighted to see this MOU signed between the two exchanges, hoping that it will help enhance the economic cooperation between the two countries. The MOU clearly fits in a range of agreements that have been signed between the State of Qatar and the Republic of Turkey and it signals the willingness of the two countries to cooperate and develop this relation further. The signing ceremony today is just a beginning of further cooperation between the two exchanges. We will soon start the work that has to be done in order to implement the scopes of cooperation included in the MOU.  I look forward to a long and mutually beneficial relationship between QSE and Borsa Istanbul”.

On his part Mr Dinç, CEO of Borsa Istanbul, thanked the Qatar Stock Exchange and said he was confident that the MOU will prove to be a useful instrument not only to further strengthen the level of cooperation between the two exchanges, but also to open new areas of business opportunities for the market participants both in Qatar and in Turkey.

Mr. Dinç stated that "We are extremely happy to see the two exchanges taking efforts in the mutual cooperation between Turkey and Qatar. We are also very happy to see both parties share the same mindsets aiming to achieve a bright future. I am sure that this MoU will increase the level of cooperation between the two parties as we are hoping to establish a good atmosphere for investments and mutual cooperation. In the future, both parties will meet together periodically as we agreed on establishing working committees that will sit together every two months and both parties will meet together twice a year; once in Istanbul and once in Doha."

The purpose of this Memorandum of Understanding is to establish and implement a procedure of mutual co-operation and agreement between the two Exchanges, primarily for the purpose of facilitating the execution of functions assigned to them, the exchange of information, the proper dissemination of information and the promotion of the integrity of the markets.  This Memorandum of Understanding provides a framework of co-operation, which includes the existence of a channel of communication between the two Exchanges, the increasing mutual recognition and the exchange of information of legal and technical content.  It also aims to develop opportunities to exchange information and expertise pertaining to their activities, markets and operations in order to establish a long-term relationship and contribute to improvement of their countries’ capital markets, as well as exploring the opportunities of dual listing of securities to increase the competitiveness of both Borsa Istanbul and Qatar Stock Exchange.


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