Middle East Economic Survey
Draft Charter For Arab Bourse Is Ready
The heads of a number of Arab stock markets have agreed at a meeting held in Cairo in September the terms for a draft charter for an Arab joint stock market, drawn up by Egypts investment house EFG-Hermes. According to the Chairman of the Cairo and Alexandria Stock Markets, Muhammad 'Abd al-Salam, the joint market would start operating in Cairo at the beginning of 2005. Mr 'Abd...