Bahrain bourse 'playing key role in boosting economy'
Manama, March 22, 2011
Bahrain Bourse will continue to play a more effective role in encouraging investments and meeting the financing needs of projects in the Kingdom, said Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa.
The minister on Monday visited the stock exchange at Bahrain Financial Harbour accompanied by the Future Generations Reserve Fund board members.
The delegation was received by Bahrain Bourse chairman Yusif Abdulla Humood, board members, bourse director Fouad Rashid and deputy director Shaikh Khalifa bin Ebrahim Al Khalifa.
During the visit, the minister met several brokers and investors and they shared with him their opinions regarding the trading status of Bahrain Bourse and ways to develop it in areas related to their operations.
He took a tour of the trading floor, taking a closer look at the bourse's operations and departments.
The minister emphasised the significance of the bourse as one of the important institutions that support the national economy.
He also assured brokers that the government is undertaking all the required actions to provide a suitable environment that encourages all concerned parties to benefit from its facilities.
'The ministry, in co-operation with the concerned parties, will study several initiatives and plans during the coming period for the purpose of increasing the market activity at the bourse and raising the trading turnover in a way that will benefit different parties,' he said.
'We are confident that Bahrain Bourse will continue to play a more effective role in encouraging investments and meeting the financing needs of projects which seek sustainable development,' he added.
'These projects will positively reflect on the standard of living of the Bahraini citizens, which is the main objective behind all the efforts taken by the Bahrain government in all the fields and national workforce that go in line with the principles and basic concepts of the Economic Vision 2030.'
He praised all the efforts taken by the officials at Bahrain Bourse and the brokers during the past week, to ensure the continuity of operations, which included providing all trading, settlement and central depository services to investors.
This had positively reflected on the bourse's image for being capable to meet the needs of investors and execute their orders in all different circumstances.-TradeArabia News Service