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Source: Thomson Reuters.   Last updated on Jan 23, 2019 at 21:07PM (UTC).   Delayed by at least 15 minutes.
Bahrain’s Minister of Industry, Commerce and Tourism Visits the Egyptian Bourse and Witnesses a Signing Agreement
Apr 27, 2016
On the occasion of the official visit of His Majesty the King Hamad bin Isa Al Khalifa to the Arab Republic of Egypt, the Minister of Industry, Commerce and Tourism Mr. Zayed R. Alzayani visited the Egyptian Bourse accompanied by CEO of Bahrain Bourse Sheikh Khalifa bin Ibrahim Al Khalifa and a number of officials, where there was at reception Chairman of Egyptian Bourse Dr. Mohammed Omran. 

The Egyptian Bourse signed a cooperation agreement in order to facilitate double entry process between the two bourses, as well as cooperation in enhancing the technological infrastructure and informatics for the Bahrain Bourse to contribute to facilitate the flow of investment between the two countries. 

The MoU was signed by CEO of Bahrain Bourse Sheikh Khalifa bin Ibrahim Al Khalifa in presence of the Minister of Industry, Commerce & Tourism. The signing agreement followed by Ringing the bell to open the trading session celebrating the signing agreement and joint cooperation between the two bourses. 

On this occasion, the Minister of Industry, Commerce and Tourism, Minister in Charge of Bahrain Bourse Mr. Zayed R. Alzayani said that “the signing agreement between the two bourses is part of a series of cooperation agreements and memorandums of understanding, which was signed during the successful visit by His Majesty King Hamad bin Isa Al Khalifa to the Arab Republic of Egypt.”

The minister added that this agreement reflects the sincere desire of the officials in both countries to take all measures to overcome all obstacles that hinder exchange of investments in general in all sectors in the two bourses.”

From His part, the CEO of Bahrain Bourse said that this agreement will enhance the level of cooperation between the two bourses and will certainly open the way to create many investment opportunities for all investors.”

Dr. Mohammed Omran said that the agreement is an important step towards deepening the Egyptian Bourse relations with the Arab bourses, especially with regard to dual entry, where the Egyptian Bourse is focus to attract regional companies. He added that the two bourses will cooperate to enhance the technological infrastructure and information. The Minister expressed his hope for all parties concerned to benefit from this agreement.

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