Friday 7 January 2011

Qatar Exchange, New York Exchange - Successful Partnership

Qatar_Exchange
Within efforts to give prominence to the successful partnership struck between New York Stock Exchange and Qatar Exchange (QE) , Qatari officials visited last Monday the NYSE to Highlight Successful Partnership between NYSE Euronext (NYX) and Qatar Exchange (QE) In honor of the occasion, His Excellency Ambassador Ali Bin Fahad Al Hajri, Qatari Ambassador to the U.S., rang the Closing BellSM, joined by Qatari officials.

It is worth to mention that this is usual act of the NY Stock Market to invite respectable figures to attend the daily opening and closing ceremonies. Qatar's Permanent Delegate to the UN HE Nasser Bin Abdulaziz Al Nasr, the counsellor at the Qatari Permanent delegation to the UN Tareq Ali Faraj Al Ansari , the Deputy Executive Chief of Qatar Exchange Saif Khalifa Al Mansouri along with other senior employees from New York Stock Exchange and QE attended the Closing BellSM closing ceremony .

Qatar Holding, the investment arm of Qatar Investment Authority (QIA), had signed in June , 2009 a partnership agreement with New York Stock Exchange Euronext according to which New York Stock Exchange acquired 20 % of the Doha securities market for US Dlrs. 200 Mn. Accordingly the Doha securities market was renamed Qatar Exchange after concluding the partnership agreement.

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