Doha: In a new recognition of the progress achieved by Qatar Exchange (QE) at various technical, regulatory and operational levels, Qatar Exchange yesterday obtained full membership in the World Federation of Exchanges (WFE) after being a Correspondent Member for many years.
In a speech at the WFE 53rd Annual Meeting in Mexico, Rashid bin Ali Al Mansoori, CEO of QE, expressed his gratitude and happiness in Qatar Exchange getting full membership in the WFE and considered it a new step in the context of integration with the global financial markets and stock exchanges.
He said: “I’d like to use this opportunity to thank you, the Board and all my colleagues here for accepting Qatar Exchange for full membership of the WFE. We are happy to be part of an organization that represents markets worldwide that are fair, transparent, well regulated and that play an important role in the economies of our respective countries.
“In just over 15 years we’ve made significant progress. Our listed companies represent a good part of our domestic economy, local investors are active and increasingly sophisticated and more and more, international investors are attracted to our market by the strong economy of Qatar and the reliable market infrastructure,” Al Mansoori said.
Al Mansoori confirmed QE’s commitment to implement the best international standards, saying that the acceptance in the WFE membership has been achieved as a result of remarkable developments and commitment with best international practices in terms of providing better services to local and international investors, which was reflected in upgrading the Qatari market status by MSCI into an emerging market.
The membership of the WFE reflects the commitment of member stock exchanges with the generally accepted international standards to allow attracting more investment. It is an important reference for international investors about the investment atmosphere in the member markets.
The Peninsula
