Bahrain BFX to launch conventional trade after delay
Originally planned to launch on March 7, BFX seems finally set to launch in two weeks with the bourse to remaining in Bahrain despite recent unrest.
April 6, 2011 2:46 by Reuters
It aims to compete with the Bahrain Stock Exchange and other bourses in the region such as Nasdaq Dubai.
The bourse had also signed an agreement with Bursa Malaysia to study a common platform on which Islamic finance products such as commodity murabaha can be traded.
Bahrain’s waning status as a financial hub took another blow this year when sweeping political unrest in the Gulf Arab region spread to the Gulf nation.
Its main exchange, which handles minuscule amounts of trades compared with other regional exchanges, was forced to shut down and move to a different location amid the protests.
(By Dinesh Nair, Editing by Nick Macfie and David Holmes)
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