Qatar, France seeking mutual co-operation in capital market areas

Qatar and France explored options on mutual co-operation in capital market areas in a bid to strengthen bilateral economic relations during a visit by a French delegation to the Qatar Stock Exchange (QSE) on Sept. 16.

French Ambassador to Qatar Eric Chevallier and French Ministry of Economy and Finance Economic Adviser on Middle East Affairs Agathe Demarais were part of the French delegation.

"The visit comes as part of the tour undertaken by Demarais with a view to learning about the aspects of economic progress witnessed by Qatar," Chevallier said. He described the visit as an opportunity to look closely at the most important developments achieved by the Qatari exchange over the past few years.

QSE Chief Executive Rashid Ali al-Mansoori welcomed the French delegation and gave them a full explanation of the achievements of the stock exchange in light of the economic boom in the country.

He further explained the significant role played by QSE and the outstanding performance achieved following the listing of Mesaieed Petrochemical Company and the upgrade of the market into an emerging market status by MSCI, Standard and Poor's Dow Jones and recently by FTSE Russell global indices.