ECONOMY

Cyprus, Tel Aviv bourses to boost ties

The Tel Aviv Stock Exchange and the Cyprus Stock Exchange signed a memorandum of understanding to enhance cooperation between the two bourses.

Representatives of the exchanges will share information pertaining to activity, developments and regulatory changes, the Tel Aviv bourse said in a statement on Wednesday.

Earlier this month, the Tel Aviv Stock Exchange said that it plans to seek more alliances with peers overseas and has no plans to join a wave of international stock exchange mergers.