Wednesday 16 September 2009

Bahrain's new bourse eyes Syria, Jordan mkt

The Bahrain Financial Exchange (BFX), set to begin operations next year, plans to attract Middle Eastern equity issuers from markets outside the Gulf Arab region, in particular from Jordan and Syria, an executive said.

"We're looking at markets in the region that are not targeted by other major players," Arshad Khan, director at Indian exchange operator Financial Technologies, which owns BFX, told news agency Reuters late on Tuesday.

"In Syria and Jordan there is a large base of potential issuers," he said.

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