MSE Could Become Central Stock Exchange For The Mediterranean

Lorys Charambolous, Tax-news.com, Cyprus

02 April 2001

The Malta Stock Exchange (MSE) could be transformed into a central Stock Exchange for the Mediterranean region.

Alfred Mallia, chairman of the MSE, told the Malta Business Weekly: 'This idea is still very much in the embryonic stage but we are examining the situation and have signed cooperation agreements with the Cairo and Alexandria Stock Exchange and will be signing the same type of agreement with Tunis imminently.'

He added: 'Cyprus has asked to enter a cooperation agreement with us and we are looking at a future when the political problems of the region are sorted out and a huge market will definitely emerge.'

Mr Mallia said that Malta could be in an advantageous position in terms of attracting trading activities from the Mediterranean basin, the Middle East and Southern Europe and the MSE is taking steps to ensure this. He claimed: 'By the beginning of next year we shall be calling a meeting in Malta for all these countries in order to tell them of our ideas and enlist their support. In the meantime we have already spoken about this to most of the established centres worldwide, who have also shown their support.'

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