Singapore - Singapore Exchange Limited (SGX) said it signed a consultancy agreement with the Bahrain Stock Exchange (BSE) on Monday.

SGX said its wholly owned subsidiary SGX-International would provide overall guidance on the management and operations of BSE through training and knowledge transfer which would help enhance the Manama-based bourse's competitiveness in the region by increasing its operational efficiency.

The consultancy agreement, signed in Manama on Monday, builds on the earlier Memorandum of Understanding signed between SGX and BSE on October 14, 2008 to explore areas of collaboration to benefit the financial services industries in Singapore and Bahrain. (dpa)