Middle East Economic Survey

VOL. XLVIII

No 8

21-February-2005

REGIONAL

Arab Stock Exchange To Be Operational By Mid-2005

An agreement establishing a unified Arab Stock Exchange was signed in Cairo 5 February by a number of Arab financial institutions and companies. The stock exchange is set to be operational as of mid-2005. Initial transactions should amount to $400mn, and reach $2bn within five years. The stock exchanges headquarters will be in Egypts Smart Village which will provide a center for...