Bahrain will be hosting the annual meeting of Arab Federation of Exchanges (AFE), which boasts of 17 exchanges and financial markets along with seven clearing companies as its members, in 2015.

Bahrain Bourse director Fouad Rashid said the decision was made during the 38th annual meeting of the AFE held in Tunisia, reported the Gulf Daily News, our sister publication.

During the meeting, the Bahrain's stock exchange proposed hosting the meeting, which was agreed to by all members given that the annual meeting next year will be held in Saudi Arabia.

Rashid said it was a matter of pride that the kingdom was chosen as a venue for the meeting given the federation's role in developing the capital markets sector and securities market.

He also praised the efforts of the AFE general secretariat and all those working in the federation for implementing the recommendations and projects.

Rashid said that Bahrain has been working through the federation on implementing initiatives to develop the capital markets sector in Arab countries in a way that it will support the involvement of the sector to the development process in these countries and contribute to its capability to attract more investments in various economic sectors.

The Arab Federation of Exchanges was established in 1978, having 17 exchanges and financial markets along with seven clearing companies as members. It's mission is to create fair and transparent environment in Arab stock exchanges.-TradeArabia News Service