NYSE Euronext said it has invested $200 million in a rebranded stock exchange in Qatar.
The move gives the company a foothold in an energy-rich Persian Gulf nation that is trying to bill itself as a regional economic center for the Middle Eastern market.
NYSE Euronext and Qatar Holding, the investment arm of the Qatar Investment Authority, said their partnership will give rise to Qatar Exchange, the successor of the Doha Securities Market.
NYSE Euronext, the parent of the New York Stock Exchange, will provide the technology for the new exchange.
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