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Source: Thomson Reuters.   Last updated on Jan 23, 2019 at 21:16PM (UTC).   Delayed by at least 15 minutes.
Beirut Stock Exchange Celebrates the Signing of the Cooperation Agreement with Euronext
May 30, 2014
The President of the Republic, His Excellency, General Michel Suleiman, represented by H.E. the Minister of Finance Mr. Ali Hassan Khalil sponsored a ceremony to celebrate the signing of a cooperation agreement between the Beirut Stock Exchange (BSE) and Euronext.  

The ceremony was held at the Four Seasons hotel and was attended by the representative of the Prime Minister, the Minister of Economy, Dr. Alain Hakim, the Minister of Information Ramzy Greige, former ministers Walid Daouk and Jean Ogassapian, the head of the Constitutional Council, Dr. Issam Suleiman, Secretary General of Union of Arab Banks and Secretary General of the Arab Federation of Exchanges, Dr. Fadi Khalaf, in addition to a crowd of officials and bankers.

Mr. Khalil said that the Ministry is keen to develop bridges of cooperation between the nobility of the Beirut Stock Exchange, which exceeded ninety-year-old and the rapid development in the global stock markets. He pointed out that the challenge for the stock market today in Lebanon is to develop its performance and to keep pace with the technological developments in the world, which is what the Beirut Stock Exchange is doing by the announcement of the new system to be adopted by the stock exchange.  He also noted that the Beirut Stock Exchange has to promote the culture of listing on the stock exchange by motivating companies to list in order to strengthen its capitalization and reduce its production costs. 

The acting President of the Beirut Stock Exchange, Dr. Ghaleb Mahmassani mentioned the efforts made by BSE over the past years to modernize the market by strengthening its technical infrastructure and listed the most important advantages of the new trading system.  In his turn Me. Chadi Salameh presented the history of the BSE and the stages through which the Beirut Stock Exchange has gone in the modernization of the trading system.

In addition, Mr. Firas Safieddin, Deputy Chief of the Capital Market Authority, Mr. Ahmed Marhoun, Director of Muscat Securities Market, Mr. Nick Thornton Vice Chairman of Euronext presented speeches at the occasion.


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