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FINANCIAL NEWS
Malaysia, Saudi bourses sign agreement
23 Mar 2014
(MENAFN) Malaysia and Saudi Arabia, the world”s two largest Islamic financial services markets, plan to boost cooperation ties and improve their industries, according to Arab News.
Oxford Business Group (OBG), a global publishing and consultancy company producing annual investment and economic reports on more than 30 countries, said: “A cooperation agreement between the bourses of Malaysia and Saudi Arabia stands to help the industry grow at a greater clip in both countries.”
Moreover, the Malaysian market is set to expand this year due to greater international interest.
A report by OBG comes after an agreement between Malaysia”s central bank and the UAE in October on bolstering economic ties, including in the arena of Islamic finance services.
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