An Arab stock exchange will be set up in Bahrain on His Majesty King Hamad's directives, said a report.

The King has also granted a plot of land for the planned headquarters, Bahrain’s Ambassador to Saudi Arabia Shaikh Humood bin Abdulla Al Khalifa was quoted as saying by our sister publication, the Gulf Daily News.

Shaikh Humood revealed the royal initiative during his speech at the opening session of the Arab Private Sector Forum in Riyadh.

The forum, being held under the patronage of Saudi Foreign Minister Prince Saud Al Faisal, was attended by heads of trade, industry and agricultural chambers, as well as Arab businessmen. Shaikh Humood stressed Bahrain's keenness to promote economic co-operation to attract investment for development projects in the Arab world. – TradeArabia News Service