A Memorandum of Understanding (MoU) was signed between Tehran Stock Exchange (TSE) and Damascus Securities Exchange (DSE) on 7th December 2010 next to FEAS general assembly in Istanbul. The MoU was signed by the CEOs of TSE and DSE, Hassan Ghalibaf Asl, and Mohammed Jlelati, respectively. The MoU aims at strengthening and widening cooperation between Tehran Stock Exchange and Damascus Securities Exchange, especially in the areas of technology, launching new products, reporting and information dissemination procedures, market making, exchange of information and or experts, preparing environment for participating two markets brokers in each other markets. It also intends to spread awareness of the legal infrastructure available in both markets, as well as investment opportunities. The MoU will ensure a periodic exchange of information between TSE and DSE and encourage collaboration between brokers in both markets.