MSX signs Net Zero 2050 Pledge

MSX signs Net Zero 2050 Pledge

MUSCAT: The Muscat Stock Exchange (MSX) participated in the annual conference of the Arab Capital Markets Federation 2024, held in the Qatari capital, Doha.The opening session was held under the auspices of Shaikh Mohammed bin Abdulrahman al Thani, Prime Minister and Minister of Foreign Affairs of Qatar, and brought together over 250 delegates. These delegates represented Arab stock exchanges, brokerage firms, settlement and clearing companies, asset management institutions, government financial institutions, central banks, investment banks, regulatory bodies, data providers in financial markets and regional associations.The conference discussed issues of sustainability, investor relations, Islamic finance, financial technology, digital assets and artificial intelligence applications in Arab financial markets.On the sidelines of the conference, the Muscat Stock Exchange, along with three other Arab exchanges, became the first to sign the Net Zero Pledge outside of regular climate conferences. This brings the total number of global signatories to 15.Haitham bin Salem al Salmi, CEO of the Muscat Stock Exchange, commented, "I am delighted to announce that the Muscat Stock Exchange has signed the Net Zero Pledge by 2050 and joined the Exchange Zero Net initiative of the United Nations Sustainable Stock Exchanges (UNSSE) programme. This significant step is an important contribution to global efforts