Qatar, Cyprus stock exchange sign cooperation deal

Qatar's exchange said on Monday it had signed a memorandum of understanding with the Cyprus Stock Exchange to formalise cooperation between the two markets.
The two exchanges will cooperate in the exchange and dissemination of information including legal and technical content, as well as the promotion of the integrity of the markets, Qatar Exchange said.
"The signing ceremony today is just a beginning of further cooperation between the two exchanges. We will soon start the work that has to be done in order to implement the scopes of cooperation included in the MOU," said Andre Went, CEO of Qatar Exchange.
Index compiler MSCI will announce in June whether it will upgrade the UAE and Qatar from frontier market to emerging market status, a move that would boost liquidity on local markets.