Luxembourg's Finance Minister Luc Frieden said that he saw incredible cooperation opportunities in Istanbul.Attending a seminar at Istanbul Stock Exchange (ISE) titled "Financial Cooperation Opportunities between Luxembourg and Turkey" on Tuesday, Frieden said that the EU and Luxembourg had many things to learn from Turkey, adding that Turkey and Istanbul also had lessons to learn from Luxembourg.
Frieden said that Luxembourg was on a very important place in the aspect of cross-border investment funds.Noting that it was important to have an international structure, Frieden said that laws and regulations should be in line with the international community.
He added that financial activities could only develop in a stable milieu.
Frieden said that they developed new finance products in Luxembourg, adding that Luxembourg Stock Exchange was one of the first stock exchanges which started transactions of Islamic finance products.
Source : http://www.worldbulletin.net/news_detail.php?id=65866 - Nov 2, 2010
