Bahrain Bourse, Israel Diamond Exchange sign MoU

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain Bourse announced signing a Memorandum of Understanding (MoU) with Israel Diamond Exchange (IDE) today to explore areas of mutual interest and joint cooperation between the two exchanges, and to develop channels of communication and foster the relationship between Bahrain Bourse and Israel Diamond Exchange.

The MoU was signed by Shaikh Khalifa bin Ebrahim Al Khalifa, Chief Executive Officer of Bahrain Bourse and Mr Yoram Dvash, President of Israel Diamond Exchange (IDE).

On this occasion, Shaikh Khalifa bin Ebrahim Al-Khalifa, Chief Executive Officer of Bahrain Bourse commented: "We are pleased to have signed an MoU with Israel Diamond Exchange, one of the major diamond exchanges in the world.  

We are looking forward to establish a fruitful relationship with Israel Diamond Exchange by exchanging knowledge and expertise in the area of commodity-based assets trading. We hope that this MoU will help us explore joint initiatives that will create efficient commercial opportunities between the Kingdom of Bahrain and State of Israel.”

Mr Yoram Dvash, President of Israel Diamond Exchange said, “We look forward to creating a dialogue with the Bahrain Bourse, to exchanging ideas and sharing information, and to exploring joint commercial activities. 

I am sure that this MoU will lead to economic opportunities for both sides. Most important, we hope that it will allow us to build a relationship of trust and mutual respect.”