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Issue 26 - DECEMBER 2020
www.bahrainbourse.comBAHRAIN BOURSE AND ISRAEL DIAMOND EXCHANGE SIGN
AN MOU
BAHRAIN BOURSE ELECTED BY THE CONSENSUS AS MEMBERS
OF THE ARAB FEDERATION OF EXCHANGES BOARD OF
DIRECTORS
Bahrain Bourse announced signing
a Memorandum of Understanding
(MoU) with Israel Diamond
Exchange (IDE) on Thursday,
3
rd
Dec. 2020 to explore areas
of mutual interest and joint
cooperation between the two
exchanges, and to develop channels
of communication and foster the
relationship between Bahrain
Bourse and Israel Diamond
Exchange. The MoU was
signed by Shaikh Khalifa bin
E b r a h i m A l K h a l i f a ,
Chief Executive Officer of
Bahrain Bourse and Mr. Yoram
Dvash, President of Israel
Diamond Exchange (IDE).
Bahrain Bourse participated in the
meeting of the General Assembly of
the Arab Federation of Exchanges
(AFE), which was held virtually
with the participation of the Chief
Executive Officer of Bahrain
Bourse, Sh. Khalifa bin Ebrahim
Al-Khalifa and Chief Operating
Officer of Bahrain Bourse, Narjes
Farookh Jamal along with various
CEOs of stock exchanges and Arab
clearing and depository companies.
During the meeting, Bahrain
Bourse was elected by the
consensus of the members, in
addition to the Saudi Stock
Exchange (Tadawul) as members of
the Federation’s Board of Directors,
representing the Arab Gulf Region.
Amman Stock Exchange and
Beirut Stock Exchange were elected
to represent the Levant region,
and the Egyptian Exchange and
the Casablanca Stock Exchange
to represent the Arab African
countries. Misr for Central
Clearing, Depositor y and
Registry and Kuwait Clearing
Company were elected to represent
Arab clearing houses. In addition,
Damascus Securities Exchange,
Muscat Clearing and Depository,
and the Khartoum Stock Exchange
were elected as members of the
Audit and Governance Committee.
It is worth mentioning that the
AFE was established in June 1978
to be the guiding body for the
Arab stock exchanges, under the
recommendation of the Arab
Central Banks Conference, held
under the auspices of the General
Secretariat of the League of Arab
States in the Hashemite Kingdom
of Jordan. The Federation aims to
create a transparent environment
for the Arab capital markets,
develop market members and
reduce the barriers of security
trading across the countries
through establishing harmony
across the laws and regulations of
the Arab countries, adopting new
technologies and advanced trading
and clearing settlements. The
federation currently has 21 members
representing around 17 stock
exchanges and 4 clearing
c omp a n i e s , i n a d d i t i o n
to a number of brokerage
companies in the Arab region.