Qatar Stock Exchange (QSE) and Moscow Exchange (MOEX), the largest bourse in Russia, have signed a memorandum of understanding (MoU), aimed at developing co-operation, collaboration, and strengthening the partnership between them.
The MoU fosters exchange of information on Russian and Qatari financial markets and products, encourages business relations development between the exchanges and aims to identify new business opportunities to link the financial infrastructures of both the countries, a communique in the Russian exchange said.
The Qatar and Russian bourses had entered into a pact during the recently concluded 24th edition of St Petersburg International Economic Forum (SPIEF) 2021.
The deal was sealed between QSE chief executive Rashid bin Ali al-Mansoori and MOEX counterpart Yury Denisov in the presence of delegates and dignitaries from both the countries.
"As a leading regional exchange, it is imperative that QSE builds closer relationships with Russian market participants, and these partnerships will be expanded and strengthened" by the agreement of co-operation with the MOEX, al-Mansoori said.
He said the QSE is looking forward to putting this business collaboration into action and developing the agreement, which it considers to be only the beginning of a long and fruitful relationship.
“It was a great opportunity to promote the Qatari market and the country,” al-Mansoori said, adding Doha has been able to successfully showcase its many listed companies at the SPIEF 2021.
Yury Denisov, chief executive of MOEX, said the MoU opens up new vistas for co-operation between Qatar and Russia in the financial sector.
The MoU envisages conducting joint events, research and meetings between representatives of the exchanges to enhance understanding of activities in each other’s market, he said.
"I hope that our co-operation will expand opportunities for companies of both countries to raise financing in capital markets and will contribute to the growth of mutual investments," he added.
MOEX operates Russia’s main trading platform for equities, bonds, derivative instruments, currencies, money market instruments and commodities.
The group includes the central securities depository (National Settlement Depository), and a clearing centre (National Clearing Centre), performing the functions of central counterparty on the markets, which allows MOEX to offer its clients the full spectrum of trading and post-trading services.
During SPIEF 2021, which was held from June 2 to 5, Russian deputy Prime Minister Alexander Novak had visited Qatar pavilion where he was briefed by al-Mansoori about the role played by the QSE in the local economy and in attracting investments from abroad.
The MoU fosters exchange of information on Russian and Qatari financial markets and products, encourages business relations development between the exchanges and aims to identify new business opportunities to link the financial infrastructures of both the countries, a communique in the Russian exchange said.
The Qatar and Russian bourses had entered into a pact during the recently concluded 24th edition of St Petersburg International Economic Forum (SPIEF) 2021.
The deal was sealed between QSE chief executive Rashid bin Ali al-Mansoori and MOEX counterpart Yury Denisov in the presence of delegates and dignitaries from both the countries.
"As a leading regional exchange, it is imperative that QSE builds closer relationships with Russian market participants, and these partnerships will be expanded and strengthened" by the agreement of co-operation with the MOEX, al-Mansoori said.
He said the QSE is looking forward to putting this business collaboration into action and developing the agreement, which it considers to be only the beginning of a long and fruitful relationship.
“It was a great opportunity to promote the Qatari market and the country,” al-Mansoori said, adding Doha has been able to successfully showcase its many listed companies at the SPIEF 2021.
Yury Denisov, chief executive of MOEX, said the MoU opens up new vistas for co-operation between Qatar and Russia in the financial sector.
The MoU envisages conducting joint events, research and meetings between representatives of the exchanges to enhance understanding of activities in each other’s market, he said.
"I hope that our co-operation will expand opportunities for companies of both countries to raise financing in capital markets and will contribute to the growth of mutual investments," he added.
MOEX operates Russia’s main trading platform for equities, bonds, derivative instruments, currencies, money market instruments and commodities.
The group includes the central securities depository (National Settlement Depository), and a clearing centre (National Clearing Centre), performing the functions of central counterparty on the markets, which allows MOEX to offer its clients the full spectrum of trading and post-trading services.
During SPIEF 2021, which was held from June 2 to 5, Russian deputy Prime Minister Alexander Novak had visited Qatar pavilion where he was briefed by al-Mansoori about the role played by the QSE in the local economy and in attracting investments from abroad.