The Dubai Financial Market and the Bahrain and Amman stock exchanges are reported to be discussing a joint stock exchange venture linking growth and IT companies. Industry sources have said that the exchange would be for companies with growth potential, and might well be the precursor to a regional common market, an idea which has been toyed with for some time now.
The setting up of a common platform may well be facilitated by the fact that the United Arab Emirates, Bahrain and Jordan stock exchanges use the same computer system. An official statement issued in Amman by Jordan's IT professionals' association - int@j - said the future stock exchange would 'raise capital for the IT industry, provide easy exit mechanisms and attract more venture capitalists by offering a diverse investor base and more liquidity'.
Speculation is that the joint technology market could be launched within the next year. It is being hailed as 'a shortcut on the way to easier listing on the Nasdaq in the future'. According to int@j, the exchange may also 'become a forerunner of any number of Middle East economic and financial cooperative institutions seeking market niches and economies of scale.'
.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment