A Memorandum of Understanding (MoU) has been signed between the Capital Markets Board of Turkey (CMB) and the Emirates Securities and Commodities Authority (ESCA).

   The MoU which aims which aims to foster the cooperation and exchange of information between the authorities of the aforementioned two countries has been signed by Chairman Prof. Dr. A. Vedat AKGİRAY on behalf of the CMB and Chief Executive Officer Mr. H.E. Abdulla S. Al Turifi on behalf of the Emirates Securities and Commodities Authority.

   In his speech at the signing ceremony, CMB Chairman Prof. Dr. Vedat AKGİRAY stated that CMB attaches importance to international relations and increases its efforts of cooperation between other countries. Besides, he stated that the MoU signed with United Arab Emirates is the 27th one made for this purpose and this collaboration will continue in an increasing trend.

   Mr. AKGİRAY also drew attention to their activities within the framework of the International Organization of Securities Commissions (IOSCO) and emphasized that CMB is hosting the IOSCO Emerging Markets Committee Meeting and Conference at the same time in Istanbul.

   In his speech at the Signing Ceremony, ESCA Chief Executive  Officer H.E. Abdulla Al TURIFI stated that the signing of this MoU will enhance the mutual relationship between CMB and ESCA especially in the field of training and exchange of information.