Qatar to establish Middle East’s first international energy bourse

Qatar will establish an international energy bourse, first of its kind in the Middle East region, the Qatar News Agency reported Tuesday.

Gulf Energy, a global consortium of energy consultants and investors, signed Tuesday with the Qatar Financial Center Regulatory Authority (QFCRA) a memorandum of understanding on the establishment of the bourse, said the report.

The bourse is expected to be established as part of the Energy City project in Qatar, which is the first project to be carried out by the Gulf Energy.

According to the signed document, the QFCRA will be responsible for preparing the necessary procedures for organizational activities of the bourse, which will be specialized in the energy industry trade.

Xinhua