Within the framework of the cooperation that already exists between the Egyptian Exchange and the Cyprus Stock Exchange, the Chairman of the Egyptian Exchange, Dr. Mohamed Omran, visited today the Cyprus Stock Exchange premises in Nicosia. Dr. Omran had a meeting with Mr. Nondas Cl. Metaxas, Director General – CEO of the Cyprus Stock Exchange and other officials of the Cyprus Stock Exchange.
The two Stock Exchanges have an excellent relationship which is based on a relevant Memorandum of Understanding (MOU) that had been signed, in 2008. The scope of the MOU covers various areas of co-operation between the two Stock Exchanges, including consultation services, exchange of information and as well as a number of other important issues with regards to regulated capital markets.
The purpose of the meeting was to explore the possibilities for expanding this co-operation and strengthening the existing ties between the Stock Exchanges and the two capital markets, in general.
Both parties emphasised the strong similarities that characterise the two markets, as well as the historical and geographical proximity that the two countries have. They also stressed the close-cooperation that both Organisations have at an international level and especially in a number of international Federations / Organisations, with regards to securities issues.
Finally both parties agreed to further intensify their efforts in a more practical mode and to further strengthen their cooperation, which as it is expected could bring positive results for mutual benefit.
