Jordan Times
Thursday, November 9, 2006
ASE reelected as chairman of the Working Committee of FEAS
AMMAN (JT) — The Amman Stock Exchange (ASE) was re-elected unanimously for a second term of two years as the chairman of the Working Committee of the Federation of Euro-Asia Stock Exchanges (FEAS) during the 12th annual general assembly meeting held recently in Cairo/ Sharm El Sheikh. Deputy CEO Nader Azar chaired the meeting of FEAS Working Committee which comprised of 28 members from central and southeast Asia as well as the Middle East countries. During the WC meeting, several issues were discussed, most importantly the reports of task forces, the development of the index for the Federation region, the FEAS work plan for the next year, revenue expense analysis, the 2007 draft budget proposal, a 2006-2007 calendar of events, the FEAS semi-annual report, the bilateral training program and the schedule of exchange visits among FEAS members. Alongside the Working Committee meeting, a media gathering was held in which two main issued were discussed: The first was the history and the role of FEAS in the region and its future outlook which presented by Azar, and the correction that had taken place in the Arab stock exchange which was presented by Maged Shawky, chairman of the Cairo and Alexandria Stock Exchanges. The ASE also participated in the meeting of the FEAS executive committee and as a member, was re-elected in the executive committee which made up of 12 members.